EDENOVO

Residential Plot in Algarrobo

Residential Plot in Algarrobo - Main Photo
1 / 1
EDN-16951
For Sale
Listed since Mar 21, 2026
—Bedrooms
—Bathrooms
1000 m²Built
—Views

Description

Discover a versatile development prospect in the heart of Algarrobo, a location that perfectly balances traditional Spanish charm with modern commercial potential. This substantial residential plot currently hosts a multi-level structure awaiting its final creative transformation, offering a blank canvas for visionary developers.

The building is intelligently partitioned into functional zones. The ground floor is dedicated to expansive commercial premises, ideal for local businesses. Above, the first and second floors are designed to accommodate multiple apartments, each floor plate spanning approximately 330 square meters of interior space.

A standout feature is the expansive rooftop terrace, providing panoramic views of the surrounding Axarquía landscape. The current structure allows for additional vertical expansion, significantly increasing the potential built area beyond the existing 1000 square meters. Its flexible layout supports various residential configurations.

Positioned within easy reach of the Mediterranean coast, this property benefits from proximity to local amenities, schools, and the vibrant coastal promenade. This is a strategic acquisition for those looking to capitalize on the growing demand for housing and retail in the eastern Costa del Sol.

Areas

Built:1000 m²Plot:335 m²

General

Type:Plot / Residential Plot
Region:AlgarroboArea/Town:Algarrobo
Asking Price

€ 955 000

Price per m²
€ 955 / m²

Investment Potential

Price per m²
€ 955 / m²

Rental yields are estimates based on local market data. Not guaranteed.

Purchase Cost Calculator

€ 955 000
€
Transfer Tax (ITP 7%)€ 84 500
Notary & Registry Fees (est.)€ 2 800
Legal Fees€ 9 550
Total Taxes & Fees€ 96 850
Total Purchase Cost€ 1 051 850

Costs are approximate. Please consult a legal advisor.

Mortgage Calculator

Property Price (€)€ 955 000
Down Payment20% (€ 191 000)
%
years
Loan Amount€ 764 000
Monthly Payment€ 3 824,76
Required Monthly Income€ 12 749,21 / mo

Based on 30% of gross monthly income

Calculations are indicative. Please consult a financial advisor.

Location

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EDN-16951·EUR 955 000€ 955/m²