One of the most exclusive homes ever built in Estepona has just rewritten the local property record books.
The Tyrian Residences development has completed the sale of a corner duplex penthouse for more than €8 million, making it the most expensive apartment ever sold in Estepona, according to sector data released by the developer.
The town has come a long way since its days as a humble fishing village up until the mid 20th century.
While tourism from the 1960s and 70s onwards helped develop the area, it was long seen as a cheaper alternative to the likes of Marbella, even until the early 2000s.
But over the past few years, property prices have been surging at eye-opening speeds, aided by a lack of supply in Marbella.
Now, it has secured its most expensive ever sale, firmly placing it in the leagues of its sister town.
The €8million off-market transaction involved Melkart, one of just two corner duplex penthouses in the Tyrian Residences project, and was completed through a highly restricted client list.
The 1,058-square-metre property forms part of a 40-home beachfront complex backed by an investment of more than €70 million, with completion scheduled for the final quarter of 2026.
‘Villas in the sky’
Promoted by Prestige Expo Group and Grupo BZH, Tyrian Residences has been conceived as a collection of so-called ‘villas in the sky’.
Every home in the development is certified under the WELL Building Standard, an international benchmark that prioritises the physical and emotional wellbeing of residents through factors such as air quality, natural light, water, comfort and mental health.
The sold penthouse features a living space of more than 70 square metres, a 50-square-metre presidential suite and ceilings reaching up to three metres high.
Its standout feature is a column-free floating terrace extending five metres outwards, offering uninterrupted views across the Mediterranean towards Gibraltar and the North African coastline, alongside a private solarium.
A fully serviced luxury model
Beyond its size and finishes, the development offers a fully serviced residential model that remains rare in Europe. Residents will benefit from 24/7 premium concierge services, double-checkpoint security, licence-plate recognition, smart-card access systems and fully segregated circulation routes for owners and staff.
According to the developers, this service-driven approach has been a decisive factor for buyers seeking the privacy and security of a luxury hotel combined with the permanence of a private residence.
Who is buying?
The typical Tyrian buyer falls into the high-net-worth individual (HNWI) bracket, aged between 40 and 65, and comes predominantly from the UK, Germany, the Netherlands, northern and eastern Europe, the United States and the Middle East.
Many are entrepreneurs, senior executives or investors who divide their time between cities such as London, Madrid, Dubai and New York.
Developers say buyers cite premium services, WELL certification, excellent air connectivity via Málaga and Gibraltar airports, Estepona’s climate – with around 320 sunny days a year – and the absence of mass tourism as key reasons for choosing the project.
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