"El Mesto"-Mijas: A Unique Enclave for the New Generation of Tourist-Residential Development in Málaga

€2,500,000

~167,151 m² Plot surface

Description

The property comprises cadastral plots No. 18 and 37 of Polygon 24 in the area of "El Mesto", within the municipal district of Mijas (Málaga), totaling 170,000m2 (17 hectares) and amply meeting the minimum area requirements to be considered rural land with development potential. Urban Planning Summary: Transformation Opportunity The current status of the land is Non-Developable Land (SNU), which limits its buildability to the restrictive regime of the LISTA (Law 7/2021). The LISTA allows the construction of a single-family detached house not linked to exploitation, provided it does not lead to the formation of new settlements. Only one single-family house per plot. The maximum buildable area (including all buildings) is 1% of the plot area. The plot must have a minimum area of 2.5 hectares (25,000m2). However, the main investment value of this property lies in its high urban transformation potential: Conditions for Modification to Urban Land We can qualify the land as an "ideal situation for Urban Planning Agreement", indicating that the strategy is its development through an Urban Transformation Action (ATU) for New Urbanization. • Management Tool: The Urban Planning Agreement would be the mechanism to agree with the Mijas City Council on the terms, conditions, and execution of urbanization works (roads, infrastructures, etc.) • Buildability Objective: Being adjacent to consolidated urban land (Urb. Cerros del Águila) and due to its large area, the objective is to reclassify the land to obtain an estimated minimum buildability between 0.20 m2t/m2s and 0.40 m2t/m2s. This would transform the development capacity of the 170,000m2 from the 1,700m2 allowed in SNU (1% of the plot) to a potential of 34,000m2 to 59,500m2 of buildable area (an increase of more than 2000%) • Future Use: The development is oriented towards Residential, Tourist, and/or Tertiary uses, given its proximity to the sea, golf courses, and new hotel infrastructure. • Design Potential: The large dimensions of the land (170,000m2) allow for designing a project that prioritizes green areas, local amenities, and low density, enhancing residents' quality of life. In summary, the property offers a large surface canvas with an unbeatable location to develop a major urban project on the Costa del Sol, with the Urban Planning Agreement as a management route to ensure its viability.

Engel & Völkers Mijas

+34 951 666 006

Your advisor: Luciano Robledo

Property ID: W-046V5C

Location: Municipality of Mijas, Andalusia

The property enjoys an exceptional location in a strategic enclave of the Costa del Sol that guarantees accessibility and first-class services: Proximity to Points of Interest • It is adjacent to the Cerros del Águila Urbanization • The Sea (Coast): Only 2 km from the sea • Sports and Leisure: Just 300 meters from the Mijas Racetrack • Hotel Infrastructure: 300 meters from a future 5-star hotel • Golf: In the vicinity of two renowned golf courses: Mijas Golf and Cala Golf Landscape and Privileged Views. Due to its altitude, the land offers extraordinary views in a unique natural setting: • Views of the Sea and the Sierra • Urban Panoramas of Mijas and Fuengirola • Historical Points such as the Fuengirola Castle • On clear days, you can see Sierra Nevada and North Africa. Connectivity Infrastructures: The proximity to the AP-7 Highway and the A-7 Motorway guarantees excellent connection with Malaga airport and the main urban centers of the province (Malaga city, Marbella). Strategic Attractions of the "El Mesto" Enclave and its Market Value The property "El Mesto" in El Chaparral not only has urban development potential but is also part of a very strong socioeconomic and market demand framework, typical of Mijas and the Costa del Sol. 1. Economic Dynamism and Attraction of Mijas Mijas is a key municipality on the Costa del Sol, highly valued for its combination of Andalusian tradition (Mijas Pueblo) and coastal modernity (La Cala, Las Lagunas). The stability of investment on the Costa del Sol, especially in prime locations like this, close to the sea and golf, generates high interest from international funds and developers. 2. Housing Demand and Buyer Profile The location of "El Mesto" benefits from a specific and high-value housing demand. There is a high demand for properties that combine tranquility, security, and proximity to services, a niche that the El Chaparral area fully satisfies. The proximity to Mijas Golf and Cala Golf attracts a segment of the population with high purchasing power, both foreigners (Nordic, British, Central Europeans) and nationals, who seek a lifestyle based on sports and luxury leisure. In summary, the property "El Mesto" is situated in an environment of high liquidity and sustained demand, where the combination of views, golf, and proximity to new luxury developments elevates its strategic value beyond mere cadastral classification.