Investment-Ready 5-Bed Detached Villa with Development Potential in Mijas
€1,200,000
€3,681/m²
- 5
- Bedrooms
- 3
- Bathrooms
- 326 m²
- Interior
- Villa
- Type
- 31 Aug 2026
- Listed
The Habio take
This 5-bedroom detached villa in Mijas represents a unique investment opportunity with significant development potential. Located in a suburban area close to town, it offers stunning views down to the sea and ample space for future projects.
- investment
- garden
- quiet
- luxury
Highlights
- Substantial 18,000 m² plot
- Existing approval for 10 townhouses
- Elevated views of the sea
- Potential for luxury villa or B&B
- Private garden and pool
- Proximity to Mijas town
Worth knowing
- Existing villa requires updating
- Limited immediate amenities in the area
Good fit for: Ideal for investors seeking a development project or luxury renovation.
Lifestyle scores
- Beach
- 65
- Walkable
- 50
- Remote work
- 60
- Family
- 70
- Retirement
- 75
- Airport access
- 70
- Investment
- 85
- Luxury
- 80
- Value
- 70
About this place
This substantial 326 m² detached villa is situated on an impressive plot of 18,000 m², comprising one-third buildable land, with existing approval for up to 10 townhouses of 276 m² each. The relatively flat terrain ensures ease of construction and road access, making this property particularly appealing for developers.
The existing villa, which includes a separate apartment, garage, and private pool, can be updated and transformed into a luxurious residence or boutique B&B. With additional land available for purchase, the opportunity exists to increase the proposed development to 12 houses, appealing to those looking for substantial return on investment.
Elevated views of the surrounding countryside and down to the sea provide an enchanting backdrop, while the non-buildable part of the plot promises to remain a green oasis. The property benefits from features such as a private terrace and an alarm system, ensuring comfort and security.
What this place offers
- private pool
- garage
- garden
- private terrace
- alarm system
Where you’ll be
Mijas, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
