Set within the tranquil hills of Elviria, this distinguished villa offers a rare combination of privacy, panoramic Mediterranean views, and remarkable future potential. Built in 1986 and surrounded by an expansive 4,012 m² mature garden, the property enjoys a privileged south-facing orientation, capturing sunlight throughout the day and uninterrupted sea views framed by lush greenery. Despite its peaceful setting, local restaurants and everyday services are just a short walk away, ensuring both serenity and convenience.The home is arranged across three levels and has been designed with comfortable family living in mind. The main floor features a generous split-level living and dining area centred around a fireplace, creating a warm and welcoming atmosphere. This space flows seamlessly onto a large covered and glazed porch overlooking the swimming pool, landscaped gardens, and the sea beyond—ideal for year-round enjoyment. This level also includes three bedrooms, two bathrooms, a cosy TV room, and a spacious kitchen with a dedicated dining area.The upper floor is reserved exclusively for the principal suite, offering a sense of privacy and retreat. Complete with an en-suite bathroom and walk-in wardrobe, the suite opens onto a private terrace where sweeping sea views create a tranquil setting for mornings and sunsets alike.The lower level adds practicality and lifestyle appeal, housing a garage for two cars, a wine cellar, and an entertainment or multipurpose area. Solar panels contribute to improved energy efficiency, while additional exterior parking and a carport provide ample space for guests.What truly sets this property apart is its exceptional development scope. Originally planned as a two-villa project, only one residence was completed. A fully approved project and valid building licence are already in place for the construction of a second villa. The land is subdivided into three independent parcels, each offering privacy and sea views, within UE4 zoning that allows approximately 20% buildability above ground—around 713 m² plus basement. Dual access from two streets further enhances flexibility for future development.Whether preserved as a substantial private estate, expanded with an additional luxury villa, or reimagined as a boutique collection of contemporary homes, this property represents a rare lifestyle and investment opportunity in one of Marbella East’s most established and desirable hillside locations.