Just came across this link.
I had the sales spiel from the girl when I popped into the sales office, out of curosity back in 2007. For the 2 beds at the front of the development you could add on about another 50k.
Almost identical apartments, by the same developer about 200 yards away (but second line) are being dumped by their owners at little over 100k Euros now.
Needless to say the development is still a flattened plot of ground. I wonder how many signed up?
http://www.thinkspain.com/spanish-property/674208