The Place, Alcazaba Lagoon: spacious terrace homes by the lagoon in Casares
A small complex of 38 homes with 2 to 4 bedrooms, all with sea views and large terraces, next to the Alcazaba Lagoon swimming lagoon. From €629,000.
Last updated: 20 October 2026
About The Place
Turquoise water, a little sandy beach and kayaks, only a few kilometres inland. That is Alcazaba Lagoon, a resort built around a large swimming lagoon in Casares. The Place is a separate, gated complex of 38 apartments and penthouses right next to it, with access to the lagoon's facilities. Buy here and you get the feel of a beach resort without the crowds of the seafront promenade.
There are 9 homes in our listing, all with sea views and energy rating B. The entry point is a first-floor 2-bedroom apartment of 113 m² with a 64 m² terrace for €629,000. The penthouses are the real standouts: one with 2 bedrooms, 138 m² inside, no less than 316 m² of terrace plus its own pool for €1,005,000, and one with 4 bedrooms, 4 bathrooms and a 251 m² terrace, also with its own pool, for €1,415,000. There are also ground-floor homes of up to 177 m².
Within the complex itself you will find an owners-only spa, a sauna, hot tubs and a gym. There is a communal pool between the gardens. On top of that, you can use the resort's lagoon for swimming, kayaking and paddleboarding, surrounded by restaurants and beach bars. The penthouses have a solarium and every home has a storage room.
Amenities
- Access to the Alcazaba Lagoon swimming lagoon
- Kayaking and paddleboarding on the lagoon
- Owners-only spa
- Sauna and hot tubs
- Gym
- Communal pool
- Private pool with two penthouses
- Secure complex with lift
- Storage room per home
The Place in figures
The Place is expensive, and the figures show it. The median of €7,283 per m² is 52% above new builds in Casares (€4,804, 15 projects) and 128% above resale homes in the municipality (€3,197, idealista August 2026). There is something to show for it, though: no other project in Casares offers this much outdoor space. Terraces average 86% of the living area, peaking at 316 m². An extra bedroom does cost an average of €168,000 here. All in, the €629,000 entry-level apartment costs around €710,848: €62,900 VAT, €7,548 stamp duty, €3,800 notary and €7,600 lawyer. One ground-floor home will be completed as early as December 2026, the rest in December 2027.
| Price | € 629.000 |
| VAT (IVA) 10% | € 62.900 |
| Stamp duty (AJD) 1.2% | € 7.548 |
| Notary and land registry (estimate) | € 3.800 |
| Lawyer 1% + VAT (estimate) | € 7.600 |
Around 13.0% on top of the price in total. All purchase costs explained.
| 2 bedrooms | from €629,000 |
| 3 bedrooms | from €820,000 |
| 4 bedrooms | from €965,000 |
Terrace, solarium and garden combined, as a percentage of the living area (median). That is more than 100% of new developments in Casares. Largest outdoor space: 316 m².
Planned completion December 2026. For half of the new developments in Casares, completion is within 11 months.
Calculated by Imagine Marbella on 20 October 2026 from the current supply of 15 new developments in Casares and the average asking price of resale homes in Casares according to Idealista, August 2026. Costs are an estimate; we will prepare an exact calculation for you.
Location
Alcazaba Lagoon lies in the Casares Golf area, on the eastern side of the municipality, about 10 kilometres from Estepona town centre. The landscape is hilly and green, with the sea on the horizon. The lagoon makes the area livelier than you would expect this far from the coast: there are restaurants, beach bars and chill-out areas. Golf is the other theme: Estepona Golf is a 3-minute drive, and Finca Cortesín and Doña Julia are close by too.
For most things you take the car. Costa Natura beach is a 9-minute drive, as is Estepona hospital. Estepona town centre is 16 minutes away, La Duquesa port 17. Puerto Banús is 32 minutes away. Gibraltar airport is 50 minutes away, Málaga airport 72. In our measurements, there is no supermarket within walking distance.
We will send you the exact location and the address of the sales office when you request Privé access or book a viewing.
Distances, measured by us
Measured from The Place along real roads and footpaths, not as the crow flies.
| Destination | On foot | By car |
|---|---|---|
| Nearest beach (Playa Costa Natura) | 4.1 km, 9 min | |
| Golf course (Estepona Golf) | 3.6 km, 55 min | 1.2 km, 3 min |
| School (Instituto de Educación Secundaria Mar de Alborán) | 9.8 km, 16 min | |
| Hospital (Hospital de Alta Resolución de Estepona) | 3.9 km, 9 min | |
| Port of La Duquesa | 10.6 km, 17 min | |
| Port of Sotogrande | 19.8 km, 28 min | |
| Casares village | 9.6 km, 23 min | |
| Estepona town centre | 9.4 km, 16 min | |
| Málaga airport | 90.2 km, 72 min | |
| Gibraltar airport | 41.8 km, 50 min |
Calculated with OpenStreetMap routes without traffic, on 20 October 2026. Walking times over an hour are omitted.
Sun, light and views
Here the sun rises at 7:03 on 21 June and sets at 21:42, giving 14.6 hours of daylight. On 21 December you still have 9.7 hours, with the midday sun at 30° above the horizon. The Place sits at around 102 metres above sea level.
All 9 homes in our listing are advertised with sea views. The complex sits at around 102 metres above sea level; we confirm the orientation of each home on site.
Homes and finishes
The description mentions high-quality materials, kitchens with top-of-the-range appliances and large windows to let the light in. Specific brands or systems are not listed. We therefore request the building specifications and pay particular attention to the waterproofing and drainage of the large terraces, the plant room and maintenance of the private pools, and the sun protection. With terraces this size, the quality of execution determines how usable they will still be in ten years.
Payment schedule
As with most new builds on the Costa del Sol, you pay in instalments: a reservation deposit, a portion on signing the purchase contract and during construction, and the balance at the deed signing. Every payment before completion must be covered by a bank guarantee. We will send you the exact payment schedule for The Place through Privé.
Available homes in The Place
A selection, as of 20 October 2026. More homes are available than shown below; request the full price list.
| Type | Beds | Baths | Living area | Terrace | Garden | Price |
|---|---|---|---|---|---|---|
| Apartment | 2 | 2 | 113 m² | 64 m² | – | € 629.000 |
| Ground floor apartment | 2 | 2 | 114 m² | 98 m² | – | € 699.000 |
| Apartment | 3 | 2 | 151 m² | 74 m² | – | € 820.000 |
| Apartment | 4 | 2 | 177 m² | 77 m² | – | € 965.000 |
| Penthouse | 2 | 2 | 138 m² | 316 m² | – | € 1.005.000 |
| Ground floor apartment | 3 | 2 | 169 m² | 155 m² | – | € 1.250.000 |
| Penthouse | 3 | 2 | 164 m² | 233 m² | – | € 1.315.000 |
| Ground floor apartment | 4 | 2 | 177 m² | 76 m² | – | € 1.350.000 |
| Penthouse | 4 | 4 | 158 m² | 251 m² | – | € 1.415.000 |
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Our honest verdict on The Place
Strengths
- The most outdoor space of any new development in Casares, with terraces of up to 316 m².
- Access to the swimming lagoon with kayaking, paddleboarding and beach bars.
- Every home in our listing has sea views.
- Small-scale: 38 homes in their own gated complex.
- Two penthouses with a private pool on the terrace.
Points to consider
- Price per m² 52% above the Casares new-build median.
- The actual sea is a 9-minute drive away; the lagoon is not a beach.
- Each extra bedroom costs an average of €168,000.
- Community fees may be higher because of the spa and resort access; ask for the budget.
- No supermarket within walking distance; you depend on the car.
Who is The Place right for?
The Place suits buyers who want to live outdoors: large terraces, a private pool and the lagoon as a daily outing. It is a strong choice for families with children who love the water, and for anyone who wants a holiday feeling all year round. If you watch the price per m² or like to do your shopping on foot, you will find cheaper and more practical options in Casares Costa or Manilva.
Similar new developments
Why buy through Imagine Marbella?
With us you pay exactly the same price as buying direct from the developer. Our fee is paid by the seller, not by you. What you get on top is what makes the difference.
- Independent. We are not tied to any development. We compare the entire market and tell you honestly when a project is not right for you.
- Stronger at the negotiating table. Whenever there is room to negotiate, on price, payment schedule, finishes or a parking space, we know the market, the sales figures and the developers. We defend your interests; the seller defends theirs.
- Free extra services. We check licences, bank guarantees and specifications, provide legal support in your own language and plan viewings around your travel dates.
- Beyond the handover. We follow the construction, the handover and the after-sales with you, so you are never on your own.
Imagine Privé
As a Privé member, you receive the current price list and availability, floor plans, the building specifications, the payment schedule and our comparison with other new developments, in English, French, Dutch or Spanish.
Free and without obligation.
Off market: what you will not find online
Not every property on the Costa del Sol ends up on a website.
Owners who want to sell discreetly, a last penthouse that has not yet been released, a villa that only comes onto the market when the right buyer appears: part of the market changes hands without a single advert. Already know the market and looking for something you cannot find online? Tell us as precisely as possible what you are looking for. If it exists, we will find it for you.
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Frequently asked questions about The Place
Is Casares by the sea?
Yes, the municipality of Casares has a stretch of coast with sandy beaches. The Place, however, lies inland, next to a swimming lagoon. Costa Natura beach is a 9-minute drive away.
Can owners at The Place use the lagoon?
According to the description, residents have access to the Alcazaba Lagoon facilities, including the lagoon. Ask us what costs are involved and how access works in practice.
When will The Place be completed?
One ground-floor home is scheduled for December 2026. The other homes in our listing will be completed in December 2027.
Which homes have a private pool?
Two penthouses: the 2-bedroom penthouse with a 316 m² terrace (€1,005,000) and the 4-bedroom penthouse with a 251 m² terrace (€1,415,000).
Do I pay more if I buy The Place through Imagine Marbella?
No. You pay the same price as buying directly from the seller. Through us you also get independent advice, legal guidance and aftercare.
What costs come on top of the price of a new-build home?
In Andalusia, a new build carries 10% VAT (IVA) and 1.2% stamp duty (AJD), plus notary, land registry and lawyer's fees. For the most affordable home in The Place, that adds up to around 13.0%.
About the author
Geert Eeckeleers, Managing Director of Imagine Marbella. Since 2018 he has guided buyers on the Costa del Sol, in English, French, Dutch and Spanish.
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