5-bed 3-bath Villa for sale in Mijas · 326 m²

This is arguably the finest development opportunity currently on the market in the Mijas area. The plot, located on the Mijas-Fuengirola road one kilometre below the village, spans a total of 18,000 m², with one third eligible for building. Approval already exists for 10 townhouses of 276 m² each, though we understand this could be revised while respecting the total buildable area of 2,760 m². This section of the land is relatively flat, making construction straightforward with direct road access. Adjacent to the main plot is an additional 2,900 m² that can be acquired for an extra €180,000, which would increase the number of permitted houses to 12. The existing villa, measuring 326 m², requires some updating but already includes a separate apartment, garage, and pool, and could offer five bedrooms. It could become a luxury independent villa or a boutique B&B. Subject to town hall approval, this part of the plot could be separated from the new construction. Elevated above its surroundings, the property enjoys panoramic views down to the sea. The non-buildable portion of the land remains a green oasis, sloping gently toward the riverbed. This is a rare chance to achieve a substantial return on investment. The property is south-facing, with a private pool, private terrace, double glazing, and an alarm system. It sits in a suburban village setting close to town, with country, panoramic, garden, and sea views. The kitchen is partially fitted, the garden is private, and parking is provided by a garage. Ideal for investment.