Villa for Sale in Malaga

Occupying an exceptional 3,565 m² plot in the peaceful hills of Cerrado de Elviria, this south facing villa combines timeless Mediterranean character with one of the most compelling development opportunities currently available in Marbella East. Surrounded by mature gardens and enjoying panoramic views of the Mediterranean, the property offers the flexibility to enjoy as a spacious family residence while also presenting significant long term investment potential. Built across three levels, the villa has been thoughtfully arranged to provide generous living spaces that embrace the surrounding landscape. The main floor centres around a split level living and dining room, where a fireplace creates a warm and welcoming atmosphere. Large openings lead to a covered and glazed terrace overlooking the beautifully landscaped gardens, private swimming pool and sea beyond, creating a seamless connection between the indoor and outdoor living areas. The spacious kitchen includes ample room for informal dining, making it a practical hub for everyday family life. This level also accommodates three well proportioned bedrooms, two bathrooms and a comfortable television lounge, offering a functional layout suited to both permanent living and holiday use. The upper floor is dedicated entirely to the principal suite, creating a peaceful private retreat. Complete with a walk in dressing room, en suite bathroom and direct access to a private terrace, this elegant space enjoys elevated panoramic views across the surrounding greenery and the Mediterranean coastline. The lower level adds further versatility with a private garage for two vehicles, a wine cellar and a dedicated entertainment area, providing additional leisure space while enhancing the property's practicality. Solar panels contribute to improved energy efficiency, complementing the home's well established infrastructure. Beyond the villa itself, the true distinction of this property lies in its exceptional plot and development possibilities. Originally acquired for the construction of two villas, only one residence was built, leaving an existing project and building licence for a second villa. In addition, the land is already divided into three independent parcels, each capable of accommodating an individual villa while maintaining privacy and sea views. With access from two separate streets and a buildability allowance of approximately 713 m² above ground, plus basement areas, the site offers remarkable flexibility for developers, investors or buyers looking to create a private family estate. Cerrado de Elviria is one of Marbella East's most established residential areas, valued for its peaceful atmosphere and proximity to the area's best amenities. Sandy beaches, renowned beach clubs, golf courses, international schools, restaurants and shopping facilities are all just minutes away, while the AP-7 provides convenient access to Marbella town, Puerto Banús, Málaga Airport and the wider Costa del Sol. Whether retained as an elegant family home or transformed into a boutique residential development, this is a genuinely rare opportunity to acquire a substantial estate in a prime Marbella location where lifestyle appeal and investment potential come together seamlessly.