House in Mijas, 5 bedrooms, 326 m² €1.200.000

Discover a prime development opportunity in Mijas, Spain, perfect for investors seeking substantial returns in this highly sought-after area. This expansive 18,000 sq metre plot, located just one kilometre below Mijas Pueblo along the Mijas-Fuengirola road, offers an exceptional chance to create a residential or boutique hotel project. Approximately one-third of the land is designated as buildable, with existing approval for ten spacious townhouses of 276 sq metres each. There is potential to modify the approved plans, allowing for a total build size of up to 2,760 sq metres, ideal for customized development. The flat terrain facilitates easy construction and access from the road, making this property highly attractive for developers. An adjacent 2,900 sq metre parcel is available for an additional €180,000, extending the development capacity to 12 homes, enhancing investment prospects. The existing villa, spanning 326 sq metres, features a separate apartment, garage, and pool, with potential to expand into a luxury private villa or boutique bed and breakfast, subject to local approval. Elevated positioning provides stunning panoramic sea views and a lush green area that slopes gently down to the riverbed, ensuring privacy and tranquility. Located in a peaceful yet accessible part of Mijas, this property is near transport links and amenities, with features including a private terrace, double glazing, private garden, alarm security system, and garage parking. This unique Mijas property combines excellent development potential with breathtaking views, making it a compelling investment opportunity in Spain’s vibrant real estate market.