Luxury Realty proudly presents an unparalleled investment opportunity in Fuengirola, one of Southern Spain's most coveted coastal destinations. This exceptional building is strategically positioned just 150 meters from the Mediterranean Sea, offering immediate access to the vibrant promenades and sun-drenched beaches of this thriving Costa del Sol town. Fuengirola, renowned for its golden beaches, diverse culinary scene, and rich cultural heritage, guarantees robust demand for both lucrative short-term holiday rentals and stable long-term residential leases, positioning this property as a premier asset for portfolio growth or swift resale in an appreciating market.
This versatile building comprises three independent apartments and an additional storage room, presenting a multifaceted income stream and significant potential for enhancement. Each unit offers distinct appeal, catering to a wide array of tenant preferences or providing luxurious private residences.
The ground floor unit features two bedrooms, a modern bathroom, a bright living room, a fully equipped kitchen, and a private 11 m² patio for outdoor relaxation. Adjacent is a substantial 19 m² storage room, presenting a compelling opportunity: it could be seamlessly integrated to create a third bedroom, enhancing the apartment's appeal, or developed into an independent studio for an additional income stream.
This elegant one-bedroom penthouse underwent a sophisticated renovation less than four years ago, boasting high-quality finishes and a contemporary aesthetic. While currently occupied, the eviction process is firmly underway, with a court ruling expected in November 2025 and completion anticipated later this year. This temporary situation offers an astute investor the chance to acquire a premium unit at a competitive price, unlocking significant capital upside upon vacant possession and immediate rental income generation.
Crowning the building, this magnificent duplex penthouse offers generous proportions and luxurious living across two levels. It includes three spacious bedrooms, two modern bathrooms, a luminous living room with an inviting balcony, a well-appointed kitchen, and a convenient laundry room. Two bedrooms share access to a charming terrace, while the private solarium provides partial sea views – an ideal setting for entertaining or enjoying the legendary Costa del Sol sunsets.
Originally listed at €855,000, this building's price has been strategically adjusted to €825,000, presenting an unmissable entry point for investors seeking premium real estate in Fuengirola. This competitive pricing, combined with the property’s inherent value and potential, positions it as an outstanding acquisition.
The local real estate market in Fuengirola continues to show robust growth. With a two-bedroom apartment in this coveted area averaging €450,000, acquiring an entire building represents an undervalued asset with immense capital growth potential. Properties on the second line to the beach in this exclusive enclave have consistently shown annual appreciation rates of at least 20%, cementing this building as a secure long-term investment.
A pivotal highlight for visionary developers is the building's redevelopment potential. Current urban planning permits a ground floor plus two additional floors. Within this envelope, the existing structure offers significant architectural flexibility, allowing internal reconfiguration into up to six independent apartments. This strategic enhancement would dramatically maximize rental income streams and substantially increase the long-term asset value, catering to the high demand for quality accommodation in Fuengirola.
The income-generating capabilities are substantial. A comparable three-bedroom apartment on the same street commands long-term rental rates of approximately €2,800 per month. For the lucrative short-term holiday rental market, similar properties achieve impressive rates of around €2,800 per week. With the potential to create up to six units, the aggregated rental yield promises an exceptional return on investment.
The building currently utilizes the maximum permitted height of ground plus two floors, ensuring optimal use of urban planning parameters. This, combined with its excellent location in an established, high-demand area, guarantees strong appreciation potential. This is more than a property; it is a meticulously positioned investment offering a rare confluence of prime location, immediate income potential, and significant redevelopment upside in one of the Costa del Sol's most dynamic markets. Luxury Realty identifies this as an exceptional chance for sophisticated investors and developers to acquire a high-potential asset at a truly competitive price.
Luxury Realty invites you to explore this unparalleled investment. We are poised to provide comprehensive insights and facilitate your due diligence. For more information, detailed financial projections, or to schedule a private viewing, please contact our expert team. Invest in the flourishing future of Fuengirola.
