Cala d'Or Garden Villas
Santanyí, Illes Balears
Invernova co-invests in this operation
We contribute 249.999 € (10.18% of total capital). Our success depends on yours.
Description
The Cala d'Or Garden Villas project comprises five independent, detached villas located within a carefully maintained residential complex in Cala d'Or, Santanyí, one of the most sought-after and established areas of southeastern Mallorca.
The properties stand out for their privacy, extensive terraces, and integration into a Mediterranean environment characterized by mature gardens, palm trees, and attractive common areas with swimming pools, offering a high-quality residential experience suitable for both vacation use and as a second residence.
Unlike traditional townhouse developments, each villa benefits from an independent configuration, providing greater exclusivity, comfort, and privacy.
The complex benefits from a strategic location close to some of Mallorca's most renowned coves, the Cala d'Or marina, and a wide range of services, dining, and leisure options, factors that contribute to its high appeal for both domestic and international markets.
Additionally, the villas hold ETV tourist licenses granted under Balearic historical regulations. These licenses currently represent an especially scarce asset due to existing restrictions on issuing new tourist authorizations in Mallorca. The opportunity to acquire multiple villas with tourist licenses in a single transaction represents an exceptional opportunity within the Balearic real estate market.
Key data and projection
Property type
Complex of independent four-sided villas with communal swimming pool and Mediterranean gardens.
Estimated property value
3.000.000 €
Estimated total investment
2.454.680 €
Estimated profit
+545.320 €
Estimated exit value composition
Estimated investment breakdown
Differentiating factors
Operation structure
The Cala d'Or Garden Villas project consists of five independent, detached villas integrated within a carefully maintained residential complex in Cala d'Or, one of Mallorca's most sought-after and established areas for both residential and vacation use.
Each property comprises approximately 125 m² of built area distributed across two floors, with extensive private terraces and access to landscaped common areas and communal swimming pools, offering a particularly attractive combination of privacy, comfort, and Mediterranean lifestyle.
The development company currently holds full ownership and availability of the properties, a circumstance that enables the investment strategy to be implemented immediately without uncertainties associated with asset recovery.
Additionally, the villas hold valid ETV tourist licenses, an especially valuable asset within the Balearic market due to existing restrictions on obtaining new licenses. This circumstance significantly expands the alternatives for operating and marketing the properties.
The architectural homogeneity of the complex allows for efficient project management while maintaining the physical and functional independence of each villa.
The investment strategy contemplates the optimization and value enhancement of the properties through selective aesthetic improvements, conditioning, and updating of elements that contribute to maximizing their commercial appeal and positioning within Mallorca's premium residential and vacation market.
The existence of five units within a single operation provides significant strategic flexibility, allowing both individualized villa marketing and potential partial or phased divestment based on market conditions.
The combination of location, ETV tourist licenses, independent villas, quality common areas, and strong international demand positions the project as a unique opportunity within the Balearic real estate market.
Key risks
Like any real estate investment, the project is subject to factors related to the evolution of Mallorca's residential and tourism market, as well as the time required for asset commercialization.
However, the project presents a series of characteristics that significantly contribute to mitigating such risks. The villas are located in Cala d'Or, one of the island's most attractive tourism and residential areas, established for years as a preferred destination for domestic and international buyers and investors.
The development company currently holds full ownership and availability of the properties, eliminating uncertainties associated with asset recovery and enabling immediate implementation of the planned strategy.
Furthermore, all five villas hold valid ETV tourist licenses, an especially scarce asset within the current Balearic market. This circumstance provides an additional income-generation alternative through vacation rentals, allowing the operating strategy to be adapted to market conditions at any time.
The existence of multiple units within a single operation additionally provides significant flexibility, allowing partial sales, staggered dispositions, or maintaining certain villas in tourist operation while marketing other units.
The combination of location, ETV licenses, immediate availability, and strong international demand constitutes a differentiating factor that reinforces the project's appeal and resilience against potential market fluctuations.
Documentation
Project updates
2 documents available
Updated on June 19, 2026
17 investor-only updates
Primera casa vendida
Formalizada la venta de la primera vivienda del conjunto.
Decreto de adjudicación
El juzgado nos adjudica formalmente los chalets. La propiedad ya es de la operación, a falta de firmeza.
Operation underway
The execution phase of the operation has begun. We will keep you informed of the most relevant milestones.
Operation 100% funded
We have reached the funding target. The operation phase will begin shortly.
Funding open
The operation is now open to co-investment. Reserve your participation before the round is filled.
New operation: Cala d'Or Garden Villas
We have identified a new real-estate co-investment opportunity. The funding phase will open soon to our co-investors.
