Description

Welcome to a rare gem in the heart of the Costa del Sol. Grupo Ibercosta is proud to present this "diamond in the rough"—a property that offers far more than just bricks and mortar. It offers a vision of luxury, a blank canvas for architectural creativity, and a high-yield investment potential in one of Southern Spain’s most sought-after locations. If you are looking for a project that combines a prime location with a high Return on Investment (ROI), or perhaps the foundation for your dream Mediterranean home, this is the opportunity you have been waiting for.

Mijas Pueblo, the iconic white village perched on the mountainside, is widely considered the crown jewel of the Malaga province. Situated in the sun-drenched region of Southern Spain, this location blends traditional Andalusian charm with the sophisticated lifestyle of the Mediterranean coast. This specific property is strategically positioned on the higher elevations of the village, ensuring that your views remain unobstructed and your atmosphere remains serene. You are within walking distance of world-class restaurants, artisanal shops, and the vibrant culture of the village, yet you are tucked away in a spot that guarantees privacy and light.

This is not just a house; it is an architectural masterclass in waiting. Currently an unfinished structure of multiple levels with reinforced foundations, the property is built directly into the hillside. This unique topography grants the rare advantage of dual street access, a highly coveted feature in the historic, winding streets of Mijas Pueblo. Furthermore, the property boasts the ultimate luxury for a village center: a private garden area and a dedicated garage. In a location where space is at a premium, these features represent a significant value-add for any future development.

In Southern Spain, orientation is the key to quality of life. This property faces perfectly South, ensuring an abundance of natural light throughout the entire day. The architectural design takes full advantage of the sloping terrain. While the ground floor and first floor offer bright, open vistas due to the neighboring properties being lower and well-distanced, the upper levels provide the "Wow" factor that defines luxury real estate. The second and third floors feature massive terraces where you can truly command the coast. From these vantage points, the Mediterranean Sea stretches out before you, and on clear days, the silhouette of the African mountains appears on the horizon.

With a constructed area of approximately 190 square meters, the interior currently consists of open plateaus, bare walls, and impressive high ceilings. This "shell" state is a developer's dream, offering total flexibility to redistribute the space without the need for costly demolition of existing partitions. The structural work is already completed, meaning the most difficult and expensive phase of construction is behind you. Now, the creative phase begins.

The possibilities for this property are limited only by your imagination. Grupo Ibercosta suggests several high-value scenarios for potential buyers. For the savvy developer, the dual street access allows for the creation of three independent units: a ground-floor studio, a luxury duplex in the middle, and a spectacular penthouse at the top with its own private entrance. Alternatively, given that Mijas is a global tourism hotspot, the vertical layout is perfectly suited for a boutique hostel or a luxury holiday rental business. For those seeking a personal residence, this is the chance to build a bespoke single-family villa with a master suite overlooking the sea and open-plan living areas that flow out onto the terraces.

Furthermore, there is a distinct possibility to construct an additional level on the top of the current structure. This expansion potential allows you to maximize the square footage even further, significantly increasing the market value of the finished product. This is a property for those with vision—whether you are an investor looking to flip a high-end asset or a family looking to build a legacy home in the sun. Opportunities of this caliber in Mijas Pueblo are exceedingly rare and do not stay on the market for long. We invite you to contact Grupo Ibercosta today to arrange a private viewing. You truly need to stand on those upper terraces to feel the breeze and understand the immense potential of this Mediterranean diamond.

Property Specifications:
• Current Structure: 3 Levels of open plateaus plus reinforced foundations.
• Outdoor Space: 2 Large panoramic terraces, private garden, and garage.
• Construction Area: Approximately 190m² with expansion potential for 1 additional level.
• Year of Initial Construction: 1970 (Structure recently reinforced).
• Orientation: South (Maximum sun exposure).
• Location: Upper District of Mijas Pueblo, Southern Spain.