Luxury Villa Project with Development Potential in Nagüeles

JUST-01120P

€1,995,000 Price / sq.metre: €5,938 / m²

Luxury Villa Project with Development Potential in Nagüeles

€1,995,0005 beds | 5 baths | Interior: 297 mts² | Terraces: 39 mts² | Plot: 1200 mts²

Situated within one of the most established and desirable residential areas of Marbella’s Golden Mile, this exceptional property in Nagüeles represents a rare opportunity to acquire a prime villa asset with substantial development upside already in motion.
Positioned within a peaceful and consolidated residential environment, away from road noise yet only minutes from Marbella centre, Puente Romano and the beaches of the Golden Mile, the property combines privacy, views and long-term investment security in one of the Costa del Sol’s most tightly held locations.

The existing residence is a charming Mediterranean-style villa surrounded by mature gardens and established greenery, offering immediate usability while also presenting a clear pathway for redevelopment. From the upper level, the property enjoys open south-west facing sea views stretching towards Gibraltar and the North African coastline, creating a setting defined by natural light, sunsets and openness.

Importantly, the property currently sits on UE4 classified land and already has a full architectural project submitted to Marbella Town Hall. This creates a highly strategic opportunity for a new owner to take over the existing licensing process rather than beginning from zero, significantly reducing both timing uncertainty and planning risk.

Based on current expectations and technical guidance, it is believed the incoming purchaser could continue the licensing procedure following completion of title transfer, with an estimated remaining timeframe of approximately four to six months for licence resolution.

The approved project has been designed to maximise the site’s permitted buildability and proposes the construction of a substantial contemporary luxury villa of approximately 700 m² total built area, including expansive main living levels, a large basement, underground garage and dedicated wellness and lifestyle spaces.

The future residence has been envisioned as a high-end modern home with strong architectural presence, combining large open-plan interiors, wellness facilities, entertainment areas and seamless indoor-outdoor living. Subject to the final specification and execution quality, premium modern villas within this segment of the Golden Mile are now achieving values in the region of approximately €12,000 per square metre, reinforcing the significant value creation potential of the project.

From an investment perspective, one of the most compelling aspects of this opportunity is the potential inherent uplift in land value once the building licence has been formally granted. In Marbella’s current market, licensed Golden Mile projects have become increasingly sought after due to prolonged planning timelines and limited supply of redevelopment opportunities in established residential areas. As a result, the transition from submitted project to granted licence can materially enhance the underlying value of the asset before construction even begins.

This creates multiple possible strategies for an incoming purchaser:
• Retain and enjoy the existing villa immediately
• Continue the licensing process and develop the project privately
• Secure the licence and reposition the asset for resale at a higher underlying land value
Opportunities combining location, sea views, planning progression and long-term development upside within Marbella’s Golden Mile are becoming exceptionally difficult to source.

Full architectural plans, renders and technical documentation are available upon request to qualified parties.