Imagine opening your shutters each morning to Mediterranean sunlight dancing across turquoise waters, the scent of orange blossoms drifting through your terrace as whitewashed villages cascade down hillsides below. This is life at Princesa Kristina in Manilva, where your 2-bedroom townhouse serves dual purposes: a sun-soaked vacation retreat and a turnkey investment generating guaranteed monthly income through 2032. Picture yourself collecting 1,155 euros monthly while your Spanish coastal property appreciates, all without lifting a finger until you're ready to claim it as your personal Mediterranean sanctuary in seven years.
This 140-square-meter townhouse arrives with a rare opportunity that seasoned investors dream about: an existing rental contract with full insurance guarantees running through February 2032. The current tenant handles everything while you watch returns accumulate, making this an exceptionally hands-off entry into Spain's robust vacation property market. When the contract concludes, the choice becomes entirely yours: convert it into your family's summer haven, continue generating rental income during peak Costa del Sol seasons, or enjoy both by blocking personal vacation weeks while renting the remainder. The property's freehold status means complete ownership flexibility once you decide to take the reins.
Manilva occupies a coveted position along Andalusia's western Costa del Sol, where authentic Spanish culture meets Mediterranean coastline without the tourist saturation of neighboring resorts. This coastal municipality stretches from mountain villages down to pristine beaches, offering international property owners the best of both worlds. Your townhouse sits within Princesa Kristina urbanization, positioned to capture sweeping Mediterranean vistas while maintaining walking distance to essential services and coastal amenities. The south-facing orientation floods interiors with natural light year-round, while expansive terraces become outdoor living rooms where morning coffee transitions seamlessly into sunset cocktails against a backdrop of shimmering sea.
The Manilva lifestyle revolves around outdoor living nearly twelve months annually. Winter temperatures rarely dip below 16°C, while summers hover around 28°C with coastal breezes moderating the heat. Spring brings wildflower explosions across surrounding hillsides, making it prime hiking season through nearby Sierra Bermeja mountains. Summer means beach days at Playa del Castillo or Playa de la Duquesa, both within ten minutes, where crystalline waters invite swimming, paddleboarding, and kayaking. Autumn ushers in the grape harvest at local vineyards, with Manilva's wine tradition dating back centuries. The annual Grape Harvest Festival each September transforms streets into open-air celebrations of regional viticulture, complete with traditional music, dancing, and unlimited tastings.
Culinary experiences here center on fresh seafood hauled daily from Mediterranean waters. Walk to beachfront chiringuitos where grilled sardines arrive still sizzling, or venture into Manilva village for family-run tavernas serving rabo de toro and local wines. Puerto de la Duquesa marina, just three kilometers away, hosts upscale restaurants alongside traditional tapas bars, creating diverse dining options for every occasion. Weekly markets overflow with regional produce: sun-ripened tomatoes, local olive oils, artisan cheeses, and cured meats that make self-catering a pleasure rather than a chore.
Golf enthusiasts discover themselves in paradise, with over seventy courses dotting the Costa del Sol within an hour's drive. The nearest fairways lie minutes away at Dona Julia Golf Club and La Duquesa Golf & Country Club, both offering year-round play under reliably sunny skies. Equestrian centers, tennis clubs, and water sports facilities provide additional recreational variety, while hiking trails through cork oak forests and mountain terrain satisfy adventurers seeking natural landscapes beyond the beach.
Cultural immersion happens naturally in Manilva, where traditional Spanish life continues largely unaffected by tourism. Attend local fiestas throughout summer months, browse pottery workshops preserving centuries-old techniques, or explore the historic Castillo de la Duquesa fortress guarding the coastline since Roman times. Day trips expand cultural horizons dramatically: Gibraltar sits twenty minutes west, Marbella's boutiques and galleries lie thirty minutes east, while Ronda's dramatic gorge and historic bullring make compelling inland excursions. Seville, Granada, and Cordoba all become accessible for extended exploration of Andalusia's Moorish heritage and architectural treasures.
The townhouse itself maximizes Mediterranean living through intelligent design. Two bedrooms accommodate family and guests comfortably, while dual bathrooms eliminate morning congestion during multi-generational visits. The generous 33-square-meter storage room solves the perennial vacation home challenge of stowing beach equipment, seasonal items, and personal belongings between visits. Doorstep parking eliminates the stress of hunting spaces in crowded coastal developments, particularly valuable during peak summer months when parking becomes premium currency.
International accessibility ranks among Manilva's strongest advantages for second-home owners. Málaga Airport, serving over two hundred European destinations, lies seventy-five kilometers east with direct motorway connections making transfers straightforward. Gibraltar International Airport sits just twenty-five kilometers away, offering additional route options particularly for British travelers. Regular bus services connect Manilva to surrounding municipalities, while the coastal rail line extension plans promise enhanced regional connectivity within coming years.
From an investment perspective, this property presents compelling mathematics for international buyers seeking Spanish exposure with minimized risk. The guaranteed rental income through 2032 provides seven years of hands-free returns totaling approximately 97,000 euros before expenses, while Costa del Sol property values continue appreciating as international demand intensifies. Current yields on coastal Andalusian properties range between four and six percent, positioning this opportunity competitively within the regional market. Post-2032, vacation rental potential remains robust: Manilva's proximity to Gibraltar, Marbella, and Estepona attracts year-round visitors, with summer weeks commanding premium rates and shoulder seasons maintaining steady occupancy.
International buyers should consult qualified tax advisors regarding Spanish rental income obligations, wealth taxes, and potential tax treaty benefits based on residency status. Ownership structures vary from direct individual purchase to company formations, each carrying distinct implications for inheritance planning and ongoing tax efficiency. Spanish property law generally favors foreign investors, with transparent transaction processes and established legal frameworks protecting ownership rights.
Key property features include: Two bedrooms with ample natural light; Two full bathrooms supporting comfortable occupancy; 140 square meters of well-proportioned living space; Expansive south-facing terraces maximizing sun exposure; Unobstructed Mediterranean Sea views; Large 33-square-meter storage room; Convenient doorstep parking; Princesa Kristina urbanization location; Walking distance to beaches and amenities; Active rental contract through February 2032; Guaranteed monthly income of 1,155 euros; Fully insured rental agreement; Freehold ownership providing complete control; Move-in ready condition requiring no immediate investment.
This Manilva townhouse represents more than a vacation home investment; it offers a structured pathway into the European property market with built-in income security while you plan your eventual Mediterranean lifestyle transition. Whether you envision lazy beach days, cultural exploration through Andalusia, golf weekends with friends, or simply a warm winter escape from northern climates, this property positions you perfectly for the quintessential Spanish coastal experience. Contact Homestra today to explore how this unique opportunity aligns with your vacation home aspirations and investment objectives. Your Mediterranean future awaits in Manilva, where guaranteed returns meet lifestyle potential against a backdrop of endless blue horizons.
