3-Bed Penthouse for Sale | Palo Alto, Ojen | Sea Views, Private Pool, Rooftop Terrace

The outdoor living experience defines this penthouse, with multiple terrace levels creating distinct zones for relaxation and entertainment. The main terrace extends directly from the living areas and features covered sections with integrated lighting and ceiling fans for comfortable outdoor dining regardless of weather conditions. The crowning achievement is the rooftop solarium, which houses a large heated swimming pool with automatic cover system, surrounding sun decks with premium outdoor furniture, and a fully equipped outdoor kitchen complete with built-in barbecue, refrigeration, and preparation areas. An outdoor shower and toilet facility ensure convenience for pool users, while the elevated position provides complete privacy and 360-degree views. The property includes three private underground parking spaces with direct lift access, eliminating the need to navigate stairs or outdoor areas when arriving home. Advanced security features include surveillance cameras, alarm systems, video entrance monitoring, and 24-hour security service throughout the gated community.

Palo Alto represents one of the Costa del Sol’s most exclusive residential developments, situated in the hills of Ojén just 15 minutes above Marbella’s Golden Mile. This gated community spans 120 hectares of pristine mountainside terrain and houses only 169 luxury residences, ensuring privacy and exclusivity for all residents. The development features 24-hour manned security with controlled access points, patrol services, and comprehensive CCTV monitoring throughout the grounds. Community amenities rival those of five-star resorts, including a 2,000m² clubhouse with spa facilities featuring treatment rooms, sauna, steam room, and cold plunge pools. The fitness center includes state-of-the-art equipment and dedicated yoga/pilates studios, while the co-working spaces provide professional environments for remote work. Tennis and paddle courts offer recreational opportunities, and the on-site organic market provides fresh local produce twice weekly. Scenic hiking trails wind through the community’s natural landscape, connecting to the broader network of mountain paths that extend into the Sierra de las Nieves Natural Park. The location provides exceptional connectivity to the Costa del Sol’s premier destinations: Marbella’s historic Old Town and luxury shopping district along Avenida Ricardo Soriano can be reached in 20 minutes, while Puerto Banús marina with its superyacht berths and designer boutiques is 25 minutes away. Golf enthusiasts enjoy proximity to championship courses including La Zagaleta Golf Club (8 minutes), El Higueral Golf (12 minutes), and the renowned Valderrama Golf Club (35 minutes). International education options include Aloha College (15 minutes), The English International College (18 minutes), and Swans International School (22 minutes). Mediterranean beaches at Marbella’s Playa de la Fontanilla and Estepona’s Playa del Cristo are accessible within 20 minutes, while Málaga-Costa del Sol Airport connects to major European cities in 55 minutes via the AP-7 autopista.

The Costa del Sol’s luxury property market continues to demonstrate strong fundamentals, with premium developments like Palo Alto showing consistent capital appreciation of 8-12% annually over the past five years. The combination of limited inventory, international buyer demand, and the area’s established reputation as a luxury destination supports robust investment potential. Rental yields for high-end properties in this location typically range from 4-6% annually, with peak season rates for luxury penthouses reaching €2,000-3,000 per week. The international buyer profile includes Northern European residents seeking permanent relocation, American investors diversifying portfolios, and Middle Eastern families establishing European bases. The property’s turnkey status with designer furnishing and comprehensive amenity access appeals to buyers seeking immediate occupancy without renovation requirements.

Property Specifications:
Reference: SV2493
Property Type: Duplex Penthouse
Price: €2,995,000
Bedrooms: 3
Bathrooms: 3
Built Area: 153.77m²
Terrace Area: 306.67m²
Orientation: South
Pool: Private heated with automatic cover
Parking: 3 private underground spaces
Storage: Private room included
Energy Features: Underfloor heating throughout, ceiling cooling system
Security: 24h service, alarm, surveillance cameras, video entrance
Kitchen: Fully equipped with Gaggenau appliances
Furnishing: Fully furnished with designer pieces
Community: Gated with spa, gym, tennis courts, organic market
Year Listed: 2025

Homewatch has specialized in Costa del Sol luxury real estate since 2015, building an unmatched reputation for guiding international clients through complex Spanish property transactions. Our bilingual team combines local market expertise with international service standards, ensuring seamless purchases from initial viewing through final completion. We provide comprehensive support including legal coordination, mortgage facilitation, utility connections, and ongoing property management services. Our deep relationships with developers, legal professionals, and service providers enable us to negotiate optimal terms while protecting client interests throughout the buying process. Post-purchase, our property management division offers maintenance, rental management, and concierge services that allow owners to enjoy their Costa del Sol investment without operational concerns.