Description

Grupo Ibercosta is proud to present a rare and exciting real estate opportunity located in the heart of one of the most sought-after residential enclaves in Southern Spain. Situated in the lower part of Elviria, within the established and charming urbanization of Parque Elviria, this duplex penthouse stands as a diamond in the rough, waiting for a visionary owner to transform it into a Mediterranean masterpiece. While the property currently requires a comprehensive full renovation, its inherent structural potential and prestigious location make it an unbeatable prospect for investors, holiday home seekers, or those looking to create a personalized sanctuary under the Andalusian sun.

Elviria is widely recognized as one of the jewels of the Eastern Marbella coastline. Located in the sunny South of Spain, this area is famous for its lush greenery, ancient pine forests, and some of the finest sandy beaches on the Costa del Sol. This duplex penthouse benefits from a privileged position within "Lower Elviria," meaning that residents enjoy the luxury of being within walking distance of every essential amenity. From high-end supermarkets and organic deli shops to international pharmacies and local banks, everything you need is just a short stroll away. Furthermore, the area is renowned for its diverse culinary scene, offering a mix of traditional Spanish tapas bars, elegant Italian trattorias, and sophisticated fine-dining establishments.

For those who prioritize the coastal lifestyle, the location is truly exceptional. A leisurely walk of just over ten minutes takes you directly to the golden shores of Elviria, home to the world-famous Nikki Beach club and several high-quality "chiringuitos" (beach restaurants) where you can enjoy fresh seafood with your toes in the sand. Despite its proximity to these vibrant hotspots, the Parque Elviria urbanization remains a notably quiet and peaceful residential area, providing a tranquil retreat from the bustle of coastal life. This balance of convenience and serenity is precisely what makes Elviria such a high-demand market for both long-term residents and international tourists.

The property itself is a duplex penthouse that offers a versatile layout across two levels. As it stands today, the interior is a blank canvas, offering the perfect opportunity to reconfigure the spaces according to modern architectural trends. Imagine an open-plan kitchen flowing into a bright, airy living room, or expansive terraces where you can enjoy the year-round warm climate of the South of Spain. Because it is a penthouse, the property benefits from elevated views and an abundance of natural light, two features that are highly prized in the Mediterranean property market. At Grupo Ibercosta, we understand that a renovation project allows a buyer to add significant value, ensuring that the final result is a bespoke home tailored to specific tastes and high-quality standards.

It is important to note the specific characteristics of the building to ensure a transparent viewing experience. This apartment is located on the third floor of a traditional Mediterranean-style building that does not currently have an elevator. While this might be a consideration for some, it also contributes to the lower community fees and the overall quietude of the block. Additionally, the property offers street parking, which is readily available in this peaceful residential pocket of Elviria. These factors are reflected in the competitive asking price, providing a significant margin for the necessary renovations and ensuring a high return on investment once the project is completed.

Investing in the South of Spain, particularly in the Marbella region, remains one of the most secure financial decisions in the European real estate market. The micro-climate of the Costa del Sol ensures over 300 days of sunshine per year, making Elviria a year-round destination rather than just a summer resort. Whether you are looking to flip a property for a quick profit or develop a high-yield rental unit, this duplex penthouse in Parque Elviria is a standout choice. The combination of its "Lower Elviria" location, the walking distance to the Mediterranean Sea, and the quiet atmosphere of the urbanization creates a compelling narrative for any future buyer or tenant.

Grupo Ibercosta invites you to explore the possibilities of this unique renovation project. With our deep roots in the local market and our commitment to excellence, we are here to guide you through every step of the acquisition process. Don’t miss the chance to reinvent this space and claim your piece of the Andalusian lifestyle. This is more than just a property; it is a gateway to the best that the South of Spain has to offer. Contact us today to arrange a viewing and start planning your dream project in Elviria.