Description

Prime Residential Plot With a Renovation Ready 2-Bedroom House

Set within one of Malindi’s most serene and green residential pockets, this 1.2-acre walled property featuring a 2-bedroom house thats needs renovation presents a rare blend of space, privacy, and investment promise. Offered at an asking price of KSh 18.5 million, this estate is ideal for buyers seeking a value-driven coastal asset with strong appreciation potential. The existing house requires renovation, providing a unique opportunity to customize and elevate the property into a refined private residence, boutique retreat, or high-end rental investment in a sought-after coastal town.

📍 Location Highlights

Malindi Town stands as one of Kenya’s most iconic coastal destinations, known for its relaxed charm, international appeal, and steadily growing real estate market. This property is strategically located in a green, low-density residential zone that offers peace and accessibility in equal measure.

Located within a serene and leafy suburb of Malindi Town
Secure, established neighborhood with controlled development
Easy access to Malindi CBD, beaches, and social amenities
Close proximity to hospitals, international schools, and shopping centers
Well-connected to Malindi Airport and the Malindi–Watamu road
Short drive to Watamu, Gede Ruins, and Marine Parks

This location allows you to enjoy tranquil residential living while remaining minutes away from Malindi’s vibrant lifestyle and commercial hubs.

🌟 Property Features

This expansive 1.2-acre estate offers flexibility and development freedom rarely found within town limits. The existing house presents a value-add opportunity for buyers looking to personalize or upscale the property.

Land size: 1.2 acres
Price: KSh 18.5 million
Fully walled for enhanced privacy and security
Existing 2-bedroom house in need of renovation
Flat and well-drained terrain ideal for construction
Mature trees providing natural shade and ambiance
Ample space for expansion, gardens, or additional units
Suitable for residential, holiday, or mixed-use development

The generous land size makes this property particularly attractive for investors seeking long-term appreciation combined with immediate value improvement through renovation.

🏝️ Lifestyle & Comfort

Living in Malindi offers a lifestyle that blends coastal elegance with relaxed urban convenience. This property’s leafy setting provides a peaceful sanctuary away from the bustle, while still being close to the heartbeat of town.

Imagine transforming the existing home into a stylish coastal residence surrounded by greenery, where mornings begin with birdsong and evenings are spent under shaded verandas. The expansive grounds allow for landscaped gardens, a swimming pool, or outdoor entertainment spaces tailored to refined living.

Ideal for a family home, retirement residence, or holiday villa
Quiet environment perfect for wellness-focused living
Space for recreational amenities such as a pool or gazebo
Appeals to both local and international lifestyle buyers
A perfect balance between privacy and social accessibility

This property invites you to create not just a home, but a lifestyle defined by comfort, space, and understated luxury.

💼 Investment Potential

Malindi’s real estate market continues to attract investors due to its coastal appeal, strong tourism sector, and steady infrastructure growth. Properties offering large land sizes within town, such as this one, are increasingly scarce.

High appreciation potential due to limited large plots in town
Ideal for redevelopment into multiple rental units or a boutique residence
Strong demand for renovated homes and holiday rentals
Competitive entry price for such a sizable in-town property
Opportunity to significantly increase value through renovation
Suitable for land banking in a growing coastal market

At KSh 18.5 million, this property offers a strategic investment opportunity for buyers seeking both capital growth and income generation in one of Kenya’s most stable coastal towns.

🌐 Why Choose Malindi Town

Malindi remains one of Kenya’s most enduring coastal property markets, combining cultural richness, international appeal, and long-term livability.

Established tourism hub with global recognition
Strong expatriate and local investor presence
Consistent infrastructure development and urban growth
Close to world-class beaches, marine parks, and historical sites
Favorable climate and relaxed coastal lifestyle
High demand for quality residential and holiday properties

Choosing Malindi Town means investing in a destination that has proven resilience, sustained demand, and timeless coastal charm.

✅ Key Selling Points

Rare 1.2-acre in-town property in Malindi
Fully walled and secure compound
Existing 2-bedroom house with renovation potential
Asking price: KSh 18.5 million
Located in a leafy, quiet residential neighborhood
Ideal for redevelopment, residential living, or rental investment
Strong appreciation and value-add potential

Closing Call to Action

This property represents a unique opportunity to secure a large, in-town estate in Malindi with outstanding lifestyle and investment potential. Whether you are looking to build your dream coastal home or unlock value through strategic development, this property delivers on every front.

📞 Contact Mkaazi Real Estate LTD today:
Phone: +254724568989
Email: info@mkaazirealestate.com

Let us help you turn this rare Malindi opportunity into your next successful investment.