Set in a privileged panoramic position overlooking the world-famous Bay of Cala di Volpe, in the heart of the prestigious Costa Smeralda, this exceptional building plot represents one of the rarest investment opportunities in one of the Mediterranean's most sought-after locations. The property is offered for sale together with a fully approved project for the construction of two exclusive luxury VILLAs. The total land area of approximately 4,200 sqm is divided into two independent plots of approximately 2,100 sqm each, ensuring maximum privacy, private gardens and breathtaking sea views for each residence. As the planning permission has already been granted, construction can commence immediately, allowing the future owner to avoid the lengthy approval process. Each VILLA will feature an impressive saleable area of approximately 600 sqm, designed to the highest architectural and construction standards, combining contemporary Mediterranean elegance with the natural beauty of the Gallura landscape. Each property will include: approximately 2,100 sqm of private land approximately 600 sqm of saleable area spacious infinity swimming pool large covered verandas and panoramic terraces luxurious living and sleeping areas premium finishes and top-quality materials private entrance and complete privacy beautifully landscaped Mediterranean gardens Surrounded by fragrant juniper trees, ancient wild olive trees and the iconic granite rocks of Gallura, the VILLAs blend seamlessly into one of the most beautiful natural settings on the Costa Smeralda. From almost every part of the properties, residents will enjoy breathtaking views over the emerald waters of Cala di Volpe, one of Sardinia's most iconic and prestigious locations. A fully approved development of this calibre, consisting of two independent luxury VILLAs on generous private plots with outstanding sea views, represents an exceptionally rare opportunity on the Costa Smeralda—ideal both as an exclusive private residence and as a high-value investment. The information contained herein is provided for general guidance only and does not constitute a contractual offer. Availability, specifications and property details are subject to verification.