Prime residential development project in Punta de la Mona, near La Herradura, Almuñécar & Nerja, with panoramic views.
Set on an elevated hillside between Almuñécar and La Herradura, this development project for sale offers panoramic views over the Mediterranean and acts as a natural link between the prestigious enclaves of Cotobro and Punta de la Mona, with easy access to Nerja and the neighbouring Costa del Sol.
The development occupies a privileged position with east, south and west orientations, ensuring optimal sunlight throughout the day and uninterrupted sea views. Thanks to its stepped topography, each future home enjoys a high level of privacy.
Altos de Punta de la Mona is conceived as a medium- to high-end residential community and currently comprises 40 building plots of around 1,100 m², designed for detached villas of approximately 330 m², each with private gardens, swimming pools and parking. The planning framework also allows for different development strategies, with the possibility to develop up to 98 dwellings in total, including alternative typologies such as semi-detached or grouped housing.
The urbanisation project has been fully approved and is currently under execution, providing modern infrastructure and services in line with current standards, including a complete road network, separate sewerage systems, water supply with a pumping station, electricity infrastructure and fibre-optic connectivity, complemented by public lighting and landscaped areas.
The first phase of the infrastructure works is nearing completion — including roads, retaining walls and essential service connections — after which the project will be offered for sale in its current state, allowing the new developer or investor full flexibility to define and execute the final residential concept. Alternatively, the seller is open to a sale upon completion of the full urbanisation project.
A key feature of this project is the ownership structure: approximately 80% of the residential land is held by a single majority owner, offering developers and investors the opportunity to acquire a controlling stake. The approved urbanisation plan covers a total of 63,129 m², including 45,561 m² of private residential land, with a total buildable area of 12,757 m² (excluding 5% secondary constructions), as well as designated areas for infrastructure, green zones and community facilities. This creates the opportunity to shape and execute a cohesive high-quality residential project in a prime location.
The area benefits from strong market fundamentals, with sustained demand and price growth of over 30% in recent years. New-build villas in the area typically achieve between €5,000 and €8,500 per m², with prime properties exceeding this range. The limited availability of new homes in the €750,000 to €1,250,000 segment makes this project highly attractive to developers targeting the mid- to high-end market.
Located just minutes from the beaches of La Herradura and Cotobro, Marina del Este and Almuñécar, and a short drive from Nerja and the Costa del Sol, with easy access to Málaga and Granada airports and the Sierra Nevada, the development offers an ideal balance between tranquillity, accessibility and the Mediterranean lifestyle in Southern Spain.
Altos de Punta de la Mona represents one of the most compelling residential development opportunities currently for sale in Granada province, combining location, planning readiness and strong market demand.
