Description

Grupo Ibercosta is proud to present a unique and compelling real estate prospect situated in the heart of the Costa del Sol. This south-facing townhouse, located in the prestigious and tranquil area of El Coto, Mijas, represents more than just a property; it is a canvas for those looking to design a bespoke Mediterranean residence or for investors seeking a high-yield project in Southern Spain. This corner property is part of an exclusive residential enclave consisting of only eight homes, ensuring a sense of privacy and community that is hard to find in today’s market.

Prime Location in Mijas, Southern Spain

Mijas is widely regarded as one of the most desirable locations on the Spanish coast. Specifically, the El Coto area offers a perfect balance between peaceful residential living and convenient access to the vibrant lifestyle of the Costa del Sol. Nestled in the south of Spain, this location benefits from over 300 days of sunshine per year, making the south-facing orientation of this townhouse a significant asset. Residents here enjoy the proximity to the bustling town of Fuengirola, renowned international schools, and a wide array of local amenities including supermarkets, pharmacies, and traditional Spanish tapas bars.

Furthermore, the property’s strategic position offers seamless access to the A7 motorway, placing Málaga International Airport just a 25-minute drive away. Whether you are looking for a primary residence or a holiday retreat, the combination of mountain charm and coastal accessibility makes Mijas an unrivaled choice for international buyers. This particular home, being a corner unit, maximizes its exposure to the sun and provides open, panoramic views that stretch toward the shimmering Mediterranean Sea.

Interior Layout and Flexible Living Spaces

Spanning a generous 111 square meters, the townhouse is thoughtfully distributed to cater to modern family needs or high-end rental requirements. The ground floor serves as the heart of the home, featuring a spacious lounge anchored by a cozy fireplace—perfect for the cooler winter evenings in Andalusia. Adjacent to the lounge is a separate dining room, providing a formal space for entertaining guests. One of the most unique features of this property is the inclusion of two kitchens. This layout offers incredible flexibility; one could be utilized as a laundry or utility hub, or the spaces could be reconfigured to create a massive open-plan gourmet kitchen that flows directly into the living area.

The upper level houses three spacious bedrooms, each designed to capture natural light. The primary suite and secondary rooms are served by a well-appointed bathroom and an additional guest toilet (1.5 bathrooms total). Throughout the home, fitted wardrobes provide ample storage, while a dedicated utility room ensures that the functional aspects of daily life remain organized and out of sight.

Outdoor Living and Renovation Potential

In Southern Spain, the outdoor space is just as important as the interior. This townhouse features a private patio and an 8-square-meter terrace at the rear. This secluded area is an ideal retreat for al fresco dining, morning coffee, or simply soaking in the Mediterranean atmosphere. Because the property sits directly beside the communal pool, access to leisure facilities is effortless, yet the elevation ensures that your privacy and sea views remain uncompromised. Private parking is also included, a highly sought-after feature in this popular residential zone.

While the property currently requires a comprehensive refurbishment, this is where the true value lies. Grupo Ibercosta can provide artist impressions to help prospective buyers envision the finished product. By modernizing the interiors and optimizing the terrace space, there is a significant opportunity to add immediate equity to the asset. It is a "hidden gem" awaiting a transformation into a luxury contemporary villa-style townhouse.

Investment and Legal Transparency

At Grupo Ibercosta, we believe in total transparency regarding the acquisition process in Andalusia. Expenses and taxes are not included in the advertised price. The purchase entails taxes and formalization costs for the buyer. As a guideline, it is reported that in second transfers (resale properties), the ITP (Property Transfer Tax) in general in Andalusia is 7%. Please note that other tax rates may apply depending on the personal circumstances of the buyer or other legal provisions. The taxable base is determined by the higher of the purchase price, the appraisal, or the cadastral reference value.

Regarding notary and registry expenses, these usually range between 1.5% and 3% of the transaction price, depending on the number of copies and complexity of the deed. The buyer retains the right to choose their preferred notary. If the buyer requires a mortgage, appraisal costs, bank conditions, and management fees will be according to the chosen entity. All other expenses inherent to the formalization of the sale that legally correspond to the buyer will be their responsibility unless expressly agreed otherwise with the seller. This property is a rare find in El Coto, offering the perfect blend of location, potential, and value.