Description

Welcome to what is undoubtedly the most prestigious development prospect currently available in the Mijas area. Presented by Grupo Ibercosta, this expansive estate offers a rare combination of size, location, and versatility in the heart of Southern Spain. Situated strategically on the road connecting Mijas Pueblo and Fuengirola, just one kilometer below the iconic white-washed village, this property represents a landmark opportunity for visionary developers and savvy international investors seeking to capitalize on the thriving Andalusian property market.

The estate spans an impressive total of 18,000 square metres, providing a vast and private canvas for high-end architectural innovation. Currently, one-third of the total land is designated as buildable, offering a solid foundation for a lucrative residential project. There is already existing approval in place to construct 10 luxury townhouses, each designed with a generous 276 square metres of living space. The total buildable volume reaches 2,760 square metres, and for those looking to customize their project, there is flexibility to adapt the layout and design while staying within this total allowance, ensuring the final product meets the specific demands of the modern luxury buyer.

To further enhance the scale and profitability of this project, an adjacent plot of 2,900 square metres is available for purchase at an additional cost of 180,000 euros. This strategic acquisition would expand the development capacity from 10 to 12 independent dwellings, significantly increasing the potential yield and market appeal of the final gated community. This expansion allows for a more comprehensive neighborhood feel while maintaining the exclusivity of the site.

Construction efficiency is a significant advantage of this particular site. The buildable section of the plot is relatively flat, ensuring straightforward access from the main road and minimizing the logistical costs often associated with complex earthworks in hilly regions. While the construction area is ready for development, the remaining non-buildable portions of the land serve as a permanent natural buffer. This area is destined to remain a lush green oasis, sloping gently down toward a peaceful river bed. This ensures that future residents will always enjoy a sense of serenity and a connection to nature, preserving the privacy and tranquility that high-end homeowners demand in the South of Spain.

Nestled within the grounds is an existing villa of 326 square metres that adds immediate value to the acquisition. While this residence requires some modern updating, its bones are excellent and its potential is immense. It features a separate apartment, a private garage, and a swimming pool, with the capacity to be reconfigured into a grand 5-bedroom luxury estate. Given its layout and prime location, it is a perfect candidate for a boutique Bed & Breakfast or a standalone luxury holiday rental. Subject to local town hall approval, this portion of the plot can be legally separated from the new construction, allowing for a phased development strategy or a separate asset sale to recoup initial capital.

The location of this property is truly its crowning jewel. Positioned in the heart of the Costa del Sol, the property’s elevated stance offers breathtaking panoramic views that sweep across the countryside and down to the glistening Mediterranean Sea. Mijas is globally renowned for its perfect microclimate, its blend of traditional Andalusian charm, and its proximity to the bustling coastal amenities of Fuengirola. The setting is quintessentially suburban yet maintains a charming village atmosphere, being close to essential transport links, international schools, and world-class golf courses.

This is a unique opportunity to secure a substantial rate of return on investment in one of Europe’s most stable and sought-after real estate markets. With its south-facing orientation, private setting, and proximity to both the mountains and the sea, this Mijas estate is a crown jewel for any investment portfolio. Contact Grupo Ibercosta today to explore the full potential of this magnificent site and turn this vision into a landmark reality in Southern Spain.