Residential Plot for Luxury Development in Tenerife Sur

This substantial residential plot in Tenerife Sur is available for sale, featuring a project proposal for 55 luxury residences within a rapidly developing tourist region. The land spans approximately 12,000 m², with a construction allowance of 1.31 m²/m², allowing for a maximum build area of 13,100 m², while maintaining a maximum occupancy of 40%. The use is primarily residential, allocating 10,000 m² for housing and up to 3,000 m² for mixed commercial and residential purposes.

The ambitious project proposes the construction of two blocks, each consisting of four floors, designed to maximise sea views and enhance the exclusive character of the development. Community amenities include two outdoor swimming pools, a solarium, a gym, and underground parking. Notably, ground floor units and penthouses will feature private pools and outdoor spaces, while the ten penthouses will additionally provide private lift access.

The development can be carried out in two independent phases, offering financial and operational flexibility for investors. It is important to note that required administrative adjustments have recently been made, and according to legal advisors, the project is nearing resolution, expected to be completed by 2026. However, this timeline does not guarantee permission or a definitive resolution date.