Description

Location: Puerto de Los Almendros, Benahavís
Plot Size: 5,000 m²
Existing Built Area: 453 m² (villa, porches, outbuildings – built 1977)
Buildable Area: Up to 1,000 m² (20% coefficient)
Asking Price: €2,300,000 (slightly negotiable)

PROPERTY OVERVIEW

A rare opportunity to acquire a substantial 5,000 m² residential plot in the sought‑after Los Almendros urbanisation, Benahavís. The site currently hosts a 1970s villa and ancillary buildings (total 453 m²), offering ample scope for redevelopment. With a building coefficient of 0.20, the plot potentially allows for up to 1,000 m² of above‑ground construction — ideal for creating a modern luxury villa.

Set within a secure, low‑density gated community, this plot offers exceptional privacy combined with open golf and mountain views. The existing villa is ideal for either a full redevelopment or a high‑quality renovation.

DEVELOPMENT POTENTIAL

There are two attractive development routes:

1. Full Redevelopment (Most Popular Option)
– Build up to 900 m² above ground (plus potentially a basement)
– Maximum height: 2 floors / 7 metres
– Minimum 3 m setbacks from boundaries
– Estimated construction cost for a modern 900 m² villa: €900,000 – €2,000,000 (dependent on finish)
– Demolition/preparation allowance: €100,000
– Expected resale value for a new 900 m² villa: €5.4M–€6.75M
– Likely ROI: ~25–30% based on current market conditions

2. Renovation & Extension of Existing Villa
– Existing structure: 453 m²
– Potential to add a second floor or extend within the 900 m² allowance
– Renovation budgets vary depending on scope, but typically €500,000–€600,000 for a full modernisation
– Faster project timeline and lower upfront cost
– Ideal for buyers wanting a personalised home without a full rebuild

MARKET COMPARISONS

Recent listings in Los Almendros highlight strong demand for large, modern villas. Examples include:

– A contemporary 850 m² villa on a 4,800 m² plot with panoramic sea views and infinity pool, marketed at €4.95 million.
– A modernised 920 m² villa on a 5,200 m² plot with landscaped gardens and guest apartment, priced at €5.2 million.
– A newly built 870 m² villa on a 4,500 m² plot with designer interiors and private gym, available for €4.8 million.
– Premium new builds with exceptional design and views regularly exceed €6M

These comparables confirm the strong resale potential for a newly built villa on this plot. Given the larger‑than‑average 5,000 m² plot, this property offers exceptional long‑term value and resale potential.

INVESTMENT HIGHLIGHTS

– Prime Benahavís location with panoramic views
– Large plot with generous building allowance
– Strong ROI potential based on comparable sales
– 10 minutes to Puerto Banús
– 15 minutes to Marbella
– 5 minutes to Monte Halcones (supermarket, cafés, pharmacy)
– Gated community with 24/7 security
– Surrounded by top golf courses, international schools, and luxury amenities

Features