Promoters Habitat will invest almost 100 million euros in the construction of 228 homes close to the seafront in La Cizaña in Torremolinos.
This will be the seventh promotion in the province and will be made up of four plots of land, each with homes of between one and four bedrooms.
The homes will also boast a large garden area, as well as swimming pools and a children's play area. Properties will cost between 258,000 and 837,500 euros.
The project was launched at a presentation at Hotel Meliá Costa del Sol on Wednesday and was attended by Torremolinos mayor José Ortiz and Habitat's managing director José Carlos Saze who highlighted the "extraordinary" location.