New development · Costa del Sol · Mijas

Urbanización Olimpo

€750,000 to €850,000

4 to 5 beds · 178 to 234 m² built

Ref HT4913956

Updated daily · Last sync 2026-06-14T21:50:29.922268+00:00

About this property

Overview

Urbanización Olimpo is a new development of 4 to 5-bedroom detached villas for sale in Mijas, Costa del Sol, priced from €750,000 to €850,000. This is a small-scale project of just 18 homes, which means lower density than the typical Costa del Sol urbanisation and a degree of exclusivity without the premium pricing of frontline developments. The hillside position above the coast delivers sea views across multiple properties, a feature that becomes increasingly rare at this price point as coastal land values continue to rise. Mijas itself remains one of the few white villages within practical reach of Málaga airport and the beach towns, which explains its sustained appeal to Northern European buyers seeking a balance between traditional Andalusian character and modern infrastructure.

Built sizes range from 178 to 234 m², with bathroom counts varying from two to four depending on the villa configuration. Each property includes a private swimming pool and spacious terraces designed to take advantage of the orientation and views. Kitchens and bathrooms are fully fitted, though specific brands and appliance specifications should be confirmed directly with the developer. The supplier description references high-quality materials and finishes, but prospective buyers should request detailed specification sheets during the reservation process to understand exactly what is included in the base price and what constitutes an optional upgrade. The architectural style appears to follow contemporary Mediterranean lines rather than ultra-modern minimalism, which tends to age better in this market and appeals to the rental sector if the property is later used for holiday lets.

Fuengirola marina lies 10 minutes by car, making this a practical base for boat owners or those who value regular access to waterfront dining and services. Mijas attracts a mix of permanent residents, many of them retired Northern Europeans, and second-home buyers who split their time between Spain and colder climates. The village itself has become noticeably busier over the past decade as Málaga's population growth pushes outward, but it retains more character than the purely residential developments that dominate the lower coastal strip. The trade-off for the elevation and views is a winding approach road, which some buyers find inconvenient during peak summer traffic, and a 15-minute drive to reach the beach at Los Boliches rather than a five-minute walk. Proximity to Málaga University and the airport, both accessible via the A-7 motorway, adds practical value for families or frequent travellers.

This is an off-plan or early-stage construction project. Spanish new build purchases typically require a reservation deposit to secure the unit, followed by stage payments linked to construction milestones, with the balance due on completion and key handover. All payment schedules and amounts must be confirmed directly with the developer, and buyers should instruct an independent Spanish lawyer to review contracts and ensure bank guarantees are in place. Mijas town hall has been relatively efficient with building licences in recent years, but completion timelines on developments of this scale can shift by several months.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Sea view

Property details

Specifications

Reference
HT4913956
Property type
Detached Villa
Bedrooms
4 to 5
Bathrooms
2 to 4
Built area
178 m² to 234 m²
Terrace
50 m²
Plot size
340 m²
Price range
€750,000 to €850,000
Pool
Yes
Garden
Yes
Garage
Yes
Sea view
Yes
City
Mijas
Coast
Costa del Sol

What's Nearby

Playa Torreblanca-Carvajal
8 mindrive
Campo Los Lagos
12 mindrive
Puerto Deportivo de Fuengirola
10 mindrive
St Anthony's College
14 mindrive
Instituto de Educación Secundaria Eduardo Janeiro
6 mindrive
ALDI
4 mindrive
Mercadona
5 mindrive
Lidl
5 mindrive
Hospital Vithas Xanit International
11 mindrive
Farmacia Baus
4 mindrive
Centro Idea
2 mindrive
Fuengirola
10 mindrive
535 restaurants & bars
within 10 mindrive
Málaga Airport (AGP)
31 mindrive
Mountain side, north of the coastal road (A-7), hillside setting.

Location

Mijas

Location shown is the development site. This development is in MijasCosta del Sol.

Urbanización Olimpo sits above the AP-7, towards the mountains in Mijas, placing you in a quieter hillside location while keeping the coast within reach. Playa Torreblanca-Carvajal is just 8 minutes away by car. Málaga Airport is 31 minutes' drive, making it practical for international travel. You'll find Campo Los Lagos golf course 12 minutes away, and Fuengirola town centre with its shops and restaurants is 10 minutes down the road. This location works well for families who want mountain views and easy access to both golf and beach life without living in the bustle of the coast.

18 questions answered

Urbanización Olimpo: Frequently Asked Questions

The price range of €750,000 to €850,000 for Urbanización Olimpo includes the villa itself with either a private or communal pool, a private garden, and a private garage. Each property comes fully finished and ready to move into once construction is complete.

Urbanización Olimpo is situated in Mijas on the Costa del Sol, one of Spain's most sought-after coastal areas. The location offers easy access to beaches, local amenities, and the wider Costa del Sol infrastructure while maintaining a residential feel.

Urbanización Olimpo offers 4 to 5 bedroom villas with built sizes ranging from 178 to 234 square metres. This range allows you to choose a property that matches your space requirements and budget within the €750,000 to €850,000 price bracket.

Yes, the villas at Urbanización Olimpo feature sea views, which is a key selling point of this development. Combined with the private garden and pool options, this creates an attractive coastal living environment in Mijas.

Urbanización Olimpo is currently under construction as an off-plan development. Specific completion dates vary by phase, so we recommend contacting us directly to confirm the timeline for the specific villa you're interested in.

Buying off-plan in 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

€4,213 / m²

€4,213 × 178 m² = €750,000 asking · entry unit

Comparable averages

  • Villas in Mijas

    17 active listings

    €4,579 / m²8% below market

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Urbanización Olimpo

Mijas · From €750,000 · 4 to 5 beds

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