Large Plot of Land on a Hill with Panoramic Valley Views – Close to San Rafael

Plot for sale in San Rafael, San Antonio de Portmany

This expansive plot presents a rare opportunity to create a modern country estate in a prime location. Just 10 minutes from Ibiza Town and near the picturesque village of San Rafael, the property spans an impressive 58,233 m². Ideal for agricultural use or planting fruit trees, the plot also offers the option to develop a well, which can be incorporated into the development project.

The envisioned project includes a modern estate featuring a main villa and a separate annex, utilizing the footprint of an existing farmhouse dating back to 1838. The total construction area will exceed 700 m². With its central location, the plot provides convenient access to essential amenities, including shops and restaurants in San Rafael, and is only 7 minutes from the prestigious International Morna School.

Upon completion, the new-build villa, designed to feature five spacious bedrooms, five bathrooms, and a large swimming pool, is projected to have a market value of approximately €7.2 million.

Payment Terms for Developers
The purchase and development of the land include developer-friendly payment terms:
1. First Payment: €500,000 to be deposited into a notary account.
2. Development Costs: The buyer assumes responsibility for costs, including architectural fees, permits, and associated expenses.
3. Second Payment: €1,650,000 due within 60 days of project approval from the San Antonio Town Hall.

In the event the project is not approved within three years, the initial €500,000 deposit will be refunded in full, although development costs will not be reimbursed. If approval is granted and the buyer fails to make the second payment, the €500,000 deposit will be forfeited and retained by the seller.

About the Location
San Rafael, centrally located on the island of Ibiza, is an up-and-coming area perfectly situated along the highway connecting Ibiza Town and San Antonio. The region provides easy access to both the West Coast—home to stunning beaches like Cala Bassa and Cala Salada—and the South Coast, featuring renowned destinations such as Salinas and Playa d’en Bossa.

San Antonio, Ibiza’s second-largest town, offers a full range of services, including restaurants, bars, supermarkets, and administrative offices for property-related matters. Recent efforts to elevate its tourism profile include hotel renovations and the addition of luxury accommodations like the 5-star OKU Hotel in Cala Gracio. Known as the "Sunset City," San Antonio is famed for its breathtaking sunsets, celebrated at iconic venues like Café del Mar and Mambo Café.

This plot combines the charm of rural Ibiza with convenient access to modern amenities and iconic attractions, making it a truly unique investment opportunity.

Features

Fully fitted kitchen, Close to shops, Close to town, Close to port, Close to schools, Pets allowed, Individual A/C units, Satellite TV, Basement, Guest room, Storage room, Security entrance, Double glazing, Brand new, Dining room, Barbeque, Guest toilet, Private terrace, Kitchen equipped, Living room, Amenities near, Country view, Internet - Wi-Fi, Covered terrace, Panoramic view, Unfurnished, Close to sea / beach, Uncovered terrace.