Property for sale in Atalaya, Estepona

Irreplaceable investment opportunity on the Costa del Sol (Estepona / Cancelada, Playa del Sol - Sun Beach area). Private plot with direct beach access and uninterrupted front sea views. A trophy asset ideal for developers, investors or an end buyer seeking a bespoke villa in a location that cannot be replicated. KEY PROPERTY DETAILS: * Price: 949,000 € * Location: Beachfront, first line (Playa del Sol / Cancelada) * Private plot: 534 m² with direct access to the sand and mature gardens ensuring complete privacy * Current condition: Villa of 93 m² ready for full refurbishment or extension PLANNING POTENTIAL (UP TO 352 m² TOTAL): * Permitted above-grade floor area: Up to 191.98 m² (Ground Floor + 1st Floor, maximum height 7 m) * Permitted basement: Up to an additional 160 m² (not counted within the buildability ratio; ideal for garage, spa, cinema or gym) * Exterior space perfectly suited to a private pool, solarium and sea-facing chill-out areas 4 DEVELOPMENT SCENARIOS: 1. Boutique Renovation (93 m²): Minimalist beach villa or ultra-luxury holiday rental. 2. Refurbishment + Ground-Floor Extension (160 m²): Single-storey villa with pool and generous gardens. 3. Prime Family Villa (191.98 m²): 2 floors with panoramic Mediterranean views from the principal suite. 4. Ultimate Luxury Residence (352 m² total): Super-luxury villa (191.98 m² above grade + 160 m² basement). ESTIMATED FINANCIAL ANALYSIS (ROI): * Acquisition Price: 949,000 € * Estimated Premium Build / Refurbishment Cost: ~400,000 € - 550,000 € * Estimated Total Investment: ~1,400,000 € - 1,500,000 € * Post-Refurbishment Market Value (GDV): Modern villas of 300-350 m² on the beachfront in this area are valued between 2,800,000 € and 3,500,000 €. * Estimated Gross Margin: +1,200,000 € - 1,800,000 € (estimated ROI > 60% - 80% on sale). * Holiday Rental Potential: > 10,000 € - 15,000 € / week in high season. Note: Financial data and build/return estimates are indicative approximations. It is the responsibility of each investor to carry out their own technical, legal and cost due diligence in order to adjust their individual calculations. Technical documentation and enquiries available. Contact us to arrange a private viewing of the plot.