In one of the most prestigious locations on the Costa Smeralda, this extraordinary building plot is offered with an already approved project for an elegant and refined luxury VILLA. Gently set on an elevated position overlooking the bay of Cala di Volpe, the property offers an unparalleled panoramic view of the emerald sea, the surrounding islands, and the dramatic, rugged coastline. The approved project envisions the construction of a spacious and luminous VILLA in the authentic Costa Smeralda style — using natural materials, local stone, and architecture that blends seamlessly with the surrounding landscape. The design includes generous indoor and outdoor living areas, several bedrooms with en-suite bathrooms, an infinity pool with sea view, panoramic terraces, and beautifully landscaped Mediterranean gardens. The location ensures total privacy while maintaining excellent accessibility: the iconic beaches of Liscia Ruja and La Celvia, as well as the legendary Pevero Golf Club, are just minutes away. Porto Cervo — the vibrant heart of the Costa Smeralda with its world-class marina, luxury boutiques, and fine dining — is also within easy reach. A rare and prestigious opportunity, ideal for those wishing to build their dream VILLA in one of the most sought-after destinations in the Mediterranean.