Exclusive development opportunity in Formentera
Land, Buy | Spain, Ibiza all island, Formentera, La Savina
€7,425,000
Price
2.950 m2
Plot size
E&V ID W-04B0Z4
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Amenities and special features of this land
Type: Land • Region: Formentera • Year of construction: • Plot size: 2.950 m2 •
An exceptional opportunity to acquire a property in Formentera, one of the Mediterranean’s most exclusive and sought-after destinations. Set within a privileged natural environment, this property offers attractive real estate investment and development prospects, combining the potential for a residential project with the island’s distinctive beauty, privacy and relaxed Mediterranean lifestyle.
The plot offers the possibility of developing a project comprising independent residences. Inspired by contemporary Mediterranean architecture, the concept lends itself to the creation of elegant homes featuring clean architectural lines, generous living spaces and a seamless connection between indoor and outdoor areas. The independent layout of the residences would provide an ideal setting for privacy, comfort and exclusivity, while allowing each home to enjoy its own outdoor spaces and private surroundings.
The property currently comprises an existing villa with an active tourist rental licence, offering the future owner a range of possibilities for its use and value enhancement. The existing residence could be retained and enjoyed as a private home or income-generating property, while the plot also presents the opportunity to explore a potential future development project, subject to the relevant urban planning regulations and approvals.
Formentera's unique character, unspoilt landscapes and international appeal have established the island as one of the most desirable destinations in the Balearic Islands. Its limited property supply, particularly for opportunities with development potential, continues to attract discerning international buyers seeking exclusivity, privacy and long-term investment prospects.
Whether envisioned as a private residential retreat, an investment opportunity or the basis for a future development project, this property represents a rare opportunity to acquire a valuable asset in one of the Mediterranean's most exclusive locations. Its existing villa, active tourist rental licence and potential for future enhancement make it an appealing proposition for buyers looking to benefit from Formentera's enduring international appeal.
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Availability upon agreement
Engel & Völkers does not accept responsibility as the information provided in this brochure is for information only and it is subject to errors, omissions, change of price or withdrawal without notice. Taxes, notary and registry fees must be paid by purchaser, the commission to E&V paid by the seller as stipulated by Spanish regulations.