Renovation Opportunity: 5-Bed Villa on New Golden Mile
€1,150,000€5,227/m²
New Golden Mile, Málaga, Spain
5
bedrooms
2
bathrooms
220 m²
interior
2,465 m²
plot
Villa
property type
1 week ago
listed
The Habio take
AI summaryThis older villa, set in the coveted El Paraíso Medio area, offers exceptional potential for renovation or complete rebuild. Located on the New Golden Mile in Málaga, it features a generous plot size of 2,465 m², perfect for creating a luxury home.
- golf
- investment
- beach
- renovation
- luxury
- garden
Highlights
- 5 bedrooms
- Large 2,465 m² plot
- South-facing orientation
- Close to amenities
- Short drive to the beach and golf courses
Worth knowing
- Property requires renovation or rebuilding
Good fit for: Ideal for buyers looking to create a bespoke luxury home or investment in a prime location.
Lifestyle scores
- Beach
- 70
- Walkable
- 70
- Remote work
- 60
- Family
- 70
- Retirement
- 75
- Airport access
- 65
- Investment
- 80
- Luxury
- 75
- Value
- 70
About this place
Located in El Paraíso Medio, this villa presents a unique opportunity for those looking to either renovate or completely rebuild a property in a sought-after area of Málaga's New Golden Mile. With a plot size of 2,465 m², the villa enjoys a desirable south-facing orientation that brings in abundant natural light throughout the day, creating a bright and inviting atmosphere.
The internal area of 220 m² offers potential for a modern luxury home tailored to personal tastes. The spacious outdoor area can accommodate beautiful gardens and a private pool, making it ideal for leisure and relaxation. This property is conveniently within walking distance to various shops, restaurants, and local amenities, while beach access, golf courses, and the vibrant towns of Estepona and Marbella are just a short drive away. It stands as a perfect investment or redevelopment opportunity in one of the most desirable residential locations on the Costa del Sol.
Where you’ll be
New Golden Mile, Málaga, Spain
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying 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
