Building Plot for sale in Chayofa, Arona, Tenerife

Development plot for luxury villas in Chayofa, Tenerife South. An excellent real estate investment opportunity in the south of Tenerife: a 2,036 m² plot located in Chayofa, one of the islands most exclusive and well-established residential areas, ideal for the development of a project of five independent high-end villas. The plot benefits from clear and favourable urban planning conditions for luxury residential development, allowing a buildability of 0.6 m²/m² and a maximum occupancy of 30%, ensuring a balanced project with generous outdoor areas, privacy and harmonious integration with the surroundings. The land can be divided into five independent plots, each with an approximate surface area of 407 m² and a buildable area of 244.32 m² per villa, resulting in a total buildable area of 1,221.60 m². These dimensions are ideal for designing contemporary villas with private pools, terraces and landscaped gardens, aimed at the premium market. From a financial perspective, this is a project with strong profitability potential. The estimated construction cost is approximately 2,443,200, while the estimated sales value of the villas amounts to around 7,329,600, resulting in an estimated profit of 4,886,400, subject to final design and market conditions. Chayofa is renowned for its tranquil residential environment, low building density and immediate proximity to key locations such as Los Cristianos and Playa de las Américas, offering a perfect balance between privacy, exclusivity and access to beaches, leisure areas, restaurants, schools and essential services. Excellent road connections further enhance its appeal for both end buyers and investors. This plot represents a strategic opportunity for developers and investment funds seeking to create a luxury residential project in a location with consolidated demand and strong potential for appreciation.