Villa for sale in Riviera del Sol, Mijas, Málaga

Investment villa | 644 m2 built | 816 m2 plot | Private pool | Panoramic sea views

Perfectly positioned on an elevated plot in the sought-after urbanization of Riviera del Sol, this substantial detached villa combines a rare double appeal: a spacious family home in one of the Costa del Sol's most established residential enclaves, and a genuine income-producing asset. Built in 2003 and set over four levels, the property enjoys uninterrupted, south-facing views to the Mediterranean from virtually every room, its terraces and its private garden — the kind of open coastal outlook that defines the best of Mijas Costa living.
The villa spans 644 m2 of built space (560 m2 useful) plus a generous 142 m2 of terraces, all set within an 816 m2 plot framed by mature palms, established gardens and a private swimming pool. Classic Andalusian architecture arched colonnaded terraces, a corner turret and traditional tiled roof gives the home real presence, while the interior offers grand, light-filled reception spaces, an elegant living-dining room with fireplace and sea views, and a well-appointed kitchen.
What makes this property genuinely distinctive is its flexibility. The villa is currently arranged as six self-contained living spaces ranging from a comfortable one-bedroom garden apartment and studios to two-bedroom units and a spectacular 167 m2 penthouse with three bedrooms, three bathrooms and its own private terrace. This layout allows an owner to occupy the finest quarters while generating rental income from the remainder, to run the entire property as a multi-let investment, or simply to enjoy it as one exceptionally spacious home with independent guest and family accommodation. The home is already income-producing through long-term tenancies, with clear scope to grow returns as tenancies renew at current market rents.
For the investor, the numbers are compelling and the upside is tangible. Beyond the existing let units, a large 167 m2 penthouse and a top-floor studio offer immediate additional rental potential once brought to market, and a 120 m2 shell unit at pool level is ready to be finished and converted into one or two further apartments a straightforward value-add opportunity. Few assets on this stretch of coast offer this combination of standing income, reversionary upside and conversion potential within a single freehold title.
The location is a decisive advantage. Riviera del Sol sits midway between the lively resort towns of Fuengirola and Marbella, roughly 25 minutes from Málaga airport, with the beach within easy reach and the Miraflores golf courses, shops, restaurants, international schools and medical services all close by. It is one of the coast's most consistent year-round rental markets, drawing a steady stream of long-stay international residents precisely the tenant base that underpins the villa's income model. Whether the priority is lifestyle, capital growth or cash flow, this address delivers on all three.