Half-Acre Property with 2-Bedroom House & Development Units for Sale Near Watamu Mall

A prime half-acre property for sale off Kanani Road, Watamu, conveniently located near Watamu Mall. This is an excellent opportunity for a buyer seeking an established home with additional development potential.

The property features a 2-bedroom main house, a 1-bedroom SQ, and three unfinished units at the rear, offering the next owner an opportunity to complete and develop additional accommodation for rental income, holiday stays, or staff use.

💰 Asking Price: KES 23 Million

📍 Location Highlights

The property is strategically positioned off Kanani Road in Watamu, near Watamu Mall, providing convenient access to shopping and everyday amenities. Watamu Mall is located along Jacaranda Road and serves as one of the area’s established shopping destinations.

Kanani Road is an established and increasingly attractive residential and investment corridor within Watamu, with growing demand for residential homes, holiday properties, and hospitality developments.

Location Advantages

• 📍 Off Kanani Road, Watamu
• 🛍️ Near Watamu Mall
• 🏖️ Convenient access to Watamu’s coastal lifestyle
• 🏡 Established residential environment
• 🚗 Easy access to surrounding amenities
• 📈 Strong potential for residential and rental investment

🌟 Property Features

This property combines an existing residence with additional unfinished units, making it suitable for both personal use and investment.

Main House

🏠 2-Bedroom Main House

The existing main house provides immediate residential accommodation, allowing the buyer to occupy the property while planning future improvements.

Additional Accommodation

🛏️ 1-Bedroom Staff Quarters

The SQ provides useful accommodation for staff, a caretaker, or additional residential use.

Development Opportunity

🏗️ 3 Unfinished Units at the Back

One of the strongest advantages of this property is the presence of three unfinished units. The new owner has the flexibility to complete these units according to their preferred design and investment strategy.

Potential uses include:

• Holiday rental units
• Long-term rental accommodation
• Guest cottages
• Additional family accommodation
• Staff housing

Land Size

📐 Half an Acre

The generous plot size provides space for the existing structures while supporting further landscaping and development possibilities.

🏝️ Lifestyle & Comfort

Watamu remains one of Kenya’s most desirable coastal destinations, combining relaxed beach living with a growing selection of shopping, dining, hospitality, and recreational amenities.

This property offers the advantage of having a private residential base while remaining close to essential conveniences.

The half-acre compound provides a more spacious alternative to apartment living and gives the buyer flexibility to personalize the property over time.

The combination of a main house, SQ, and unfinished units makes it particularly suitable for:

• 🌴 A private coastal family home
• 🏖️ A holiday residence
• 🏠 A home with guest accommodation
• 💼 A mixed residential and rental investment
• 📈 A property redevelopment project

💼 Investment Potential

The key investment advantage of this property lies in its combination of existing accommodation and unfinished development potential.

Rather than purchasing vacant land and starting construction from the beginning, the buyer acquires a property with:

• 🏠 A completed 2-bedroom main house
• 🛏️ A 1-bedroom SQ
• 🏗️ Three unfinished units ready for completion
• 📐 Half an acre of land
• 📍 A strategic Watamu location near Watamu Mall

The unfinished units offer a clear opportunity to add value to the property. Subject to completing construction and meeting all relevant approvals and requirements, they could potentially become income-generating rental or holiday accommodation.

With Watamu continuing to attract residential buyers, holidaymakers, and property investors, a well-positioned property with multiple accommodation options offers significant flexibility.

Property at a Glance

Secure This Watamu Property Today

This is an excellent opportunity to acquire a half-acre property near Watamu Mall, featuring a 2-bedroom main house, 1-bedroom SQ, and three unfinished units with strong development potential.

💰 Asking Price: KES 23 Million

Contact Mkaazi Real Estate LTD today to arrange a viewing and get more information.

📞 +254 763 568989
📧 info@mkaazirealestate.com

Mkaazi Real Estate – Verified Property Listings.