New development · Costa del Sol · Mijas

Elara Residences

€2,895,000 to €2,950,000

5 beds · 418 to 436 m² built · Est. completion 2027-11-30

Ref HT5336974

Updated daily · Last sync 2026-06-14T21:50:32.278039+00:00

About this property

Overview

Elara Residences is a new development of 5-bedroom detached villas for sale in Mijas, Costa del Sol, priced from €2,895,000 to €2,950,000. This is a two-villa project positioned within walking distance of El Bombo beach in the Torrenueva area, which places it closer to the coastline than much of Mijas' inland residential stock. The development targets buyers seeking direct beach access without the density or community fees associated with larger gated complexes. Each villa has been designed to maximise natural light throughout the day, with the layout and orientation planned to capture sunshine across living spaces and outdoor areas from morning through to evening.

Built sizes range from 418 to 436 m², with each villa offering five bedrooms and six bathrooms. The specification includes a private swimming pool per villa and landscaped gardens. Expansive terraces with sea views extend the living space outdoors, designed for year-round use given the coastal microclimate in this part of the Costa del Sol. The interiors prioritise open-plan flow between living, dining, and kitchen areas, with room proportions that accommodate both family life and entertaining. The supplier description emphasises natural light and spatial balance rather than high-specification finishes, which suggests a focus on architecture and layout over branded fixtures.

El Bombo beach is within walking distance, with beachfront restaurants and access to the coastal boardwalk that runs to La Cala de Mijas village. Málaga Airport is 25 minutes by car, Marbella 10 minutes, and Fuengirola also 10 minutes, which gives practical access to international flights, healthcare, and international schools. Torrenueva attracts northern European buyers, particularly families and retirees who want a beachside location without the price premium of Marbella's Golden Mile or the density of Fuengirola's high-rise zones. This is a residential neighbourhood rather than a resort area, so resale appeal depends on the enduring demand for low-density coastal property rather than rental yield or holiday letting potential.

Completion status is not confirmed in the available data, so buyers should verify whether these are off-plan, under construction, or nearing completion. Standard Spanish new build payment terms typically require a reservation deposit, stage payments during construction if applicable, and the balance on key handover, though all amounts and schedules must be confirmed directly with the developer. Independent legal representation is strongly recommended to review contracts, confirm planning permissions, and verify completion guarantees. At this price point, buyers should also budget for annual property tax (IBI), community fees if any shared infrastructure is introduced, and ongoing garden and pool maintenance, which for a villa of this size typically runs to several thousand euros per year.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Sea view
  • Beachside

Property details

Specifications

Reference
HT5336974
Property type
Detached Villa
Bedrooms
5
Bathrooms
6
Built area
418 m² to 436 m²
Terrace
130 m² to 160 m²
Plot size
823 m² to 935 m²
Price range
€2,895,000 to €2,950,000
Completion
2027-11-30
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
Sea view
Yes
Area
La Cala de Mijas
City
Mijas
Coast
Costa del Sol

What's Nearby

Playa El Bombo - Cabo Rocoso
4 minwalk
El Chaparral Golf Club
11 mindrive
Puerto Cabopino
9 mindrive
St Anthony's College
14 mindrive
Colegio de Educación Infantil y Primaria Jardín Botánico
4 mindrive
Lidl
13 minwalk
Mercadona
6 mindrive
Carrefour
6 mindrive
ALDI
6 mindrive
Urgencias Hospital Costa del Sol
15 mindrive
Farmacia del Sol
11 minwalk
Centro Comercial Torrenueva
2 mindrive
Fuengirola
14 mindrive
22 restaurants & bars
within 12 minwalk
Málaga Airport (AGP)
42 mindrive
Beachside, south of the coastal road (A-7), close to the Mediterranean.

Location

La Cala de Mijas, Mijas

Location shown is the development site. This development is in La Cala de MijasMijasCosta del Sol.

Elara Residences sits on the sea side of the AP-7 in La Cala de Mijas, just 321 metres from Playa El Bombo, a 4-minute walk away. Málaga Airport is 26.6 kilometres south, a 42-minute drive for straightforward travel. El Chaparral Golf Club is 11 minutes by car if you golf regularly. Lidl supermarket is a quick 5-minute drive, and the international school St Anthony's College is 14 minutes away. This location works well for families wanting beach access and golf nearby, plus easy airport connections.

18 questions answered

Elara Residences: Frequently Asked Questions

The price range of €2,895,000 to €2,950,000 for Elara Residences includes the villa itself, a private garden, private garage, and your choice of either a private pool or access to communal pool facilities. All villas at Elara Residences come with sea views as standard, and the built size ranges from 418 to 436 square metres depending on the specific unit you select.

Elara Residences is located in La Cala de Mijas on the Costa del Sol, one of the most sought-after coastal areas in southern Spain. This beachside location means you are just steps from the sand and sea, with easy access to local restaurants, shops, and amenities while maintaining a quieter residential feel.

All villas at Elara Residences feature 5 bedrooms, making them spacious family homes or excellent investment properties. With built sizes between 418 and 436 square metres, there is plenty of room for comfortable living and entertaining.

The standout features of Elara Residences are its beachside location in La Cala de Mijas and the sea views that come with every villa. Each property also includes a private garden and garage, plus your choice of a private pool or communal pool access, giving you flexibility based on your lifestyle preferences.

Elara Residences is expected to be completed in November 2027, giving you a clear timeline for when you can move into your new villa. This allows time for quality construction while you plan your move to the Costa del Sol.

Buying off-plan in La Cala De Mijas means reserving a property before or during construction. You pay a reservation deposit (typically €6,000 to €12,000), then sign a private purchase contract within 30 days and pay a further 10 to 20% of the purchase price. Staged payments follow the construction milestones. The final 60 to 70% is paid at notary completion when the keys are handed over.

Under Spanish law (Law 57/1968 and its 2015 successor), all off-plan deposits must be covered by a bank guarantee or insurance policy. Your lawyer must verify this before you pay any money. If the developer fails to deliver, you can claim 100% of your deposit plus 6% annual interest. Never transfer funds without a confirmed guarantee in your name.

Spanish law mandates three tiers: a 10-year structural guarantee (Seguro Decenal) for serious structural defects, a 3-year guarantee for habitability issues (waterproofing, insulation, installations), and a 1-year guarantee on finishes and fixtures. These run from the date the licence of first occupation (licencia de primera ocupación) is issued.

New-build purchases are subject to 10% IVA (VAT) on the purchase price, plus 1.2% AJD (stamp duty) in Andalucía. Parking spaces or storage sold separately may attract 21% IVA. Add notary, land registry and legal fees (1 to 2%), budget 12 to 15% on top of the purchase price in total acquisition costs.

Most developers allow personalisation during the early construction phase, choices of floor tiles, kitchen units, bathroom fixtures, paint colours and sometimes layout tweaks. The window for changes is typically 3 to 6 months after signing the contract. Structural changes are rarely possible once work has started. Your sales representative will provide a customisation deadline and specification sheet.

Typical build time in coastal Spain is 18 to 30 months from licence grant to completion. Delays of 3 to 6 months are common due to weather, supply-chain or permit issues. Your contract should specify a longstop completion date and the compensation you are owed for any overrun. Always check whether the building licence has already been granted before reserving.

Key due-diligence points: (1) confirm the building licence is granted, not just applied for; (2) verify all deposits are bank-guaranteed in your name; (3) check the developer's track record and financial standing; (4) review the specification sheet and what is included in the price; (5) confirm the estimated completion date and longstop clause; (6) have an independent Spanish lawyer review the contract before you sign anything.

Yes, both are required before the final notary signing. You can reserve with a passport, but your Spanish NIE (foreigner tax number) is needed for the private purchase contract and your Spanish bank account for the staged transfers. Your lawyer can obtain your NIE with a power of attorney in 2 to 4 weeks. Open the bank account on your first trip to Spain or remotely via certain Spanish banks.

Yes. Spanish banks lend to non-residents at typical LTVs of 60 to 70% of the lower of purchase price or valuation (vs 80% for residents). Rates are competitive with the rest of the eurozone. You will need 6 months of bank statements, tax returns and proof of income, pre-approval takes 2 to 4 weeks.

Recommended for serious buyers. A mortgage in principle confirms your budget, signals credibility to sellers and shortens completion. We can introduce you to specialist non-resident mortgage brokers familiar with the local market.

Resale property in Andalucía: ITP (transfer tax) at 7%. New-build: 10% IVA + 1.2% AJD (stamp duty). Plus notary, land registry and legal fees of roughly 1 to 2%. Budget 10 to 13% on top of the asking price for total acquisition costs.

Annual IBI (council tax) is typically 0.4 to 1.1% of cadastral value. Community fees on apartments and gated villas range €100 to €600/month depending on amenities. Non-resident owners pay an annual income tax based on cadastral value, plus utilities and home insurance.

In Spain the seller pays the agent commission (typically 3 to 6% + VAT), already baked into the asking price. Buyers do not pay agent fees on resale or new-build.

Market context

How it sits in the market

Live €/m² comparisons from current inventory of similar detached villas in the same city.

This Detached villa

€6,926 / m²

€6,926 × 418 m² = €2,895,000 asking · entry unit

Comparable averages

  • New developments in La Cala de Mijas

    10 active listings

    €5,915 / m²17% above market

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Elara Residences

Mijas · From €2,895,000 · 5 bed · Completing Q4 2027

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