Nick Stuart, Director of Marbella-based Spanish Hot Properties, explains, “It’s tricky to compare apples with apples, but if you look at prime Côte d’Azur such as Cannes, St Tropez and Villefranche, a luxury coastal villa can be priced anything between 20,000 and 40,000 euros per square metre. Mallorca dips a little lower at 10,000 to 20,000 euros per square metre with the Italian Lakes around 10,000 euros. Even in Sierra Blanca, the coveted hillside community set above Marbella’s Golden Mile, the area’s best address, prices hover between the 3,000 and 7,000 euro per square metre mark. Marbella suddenly seems incredibly good value.”
Considering Marbella’s exquisite location, at the southernmost tip of Europe therefore squeezing more sunshine hours and higher temperatures out of the entire year than the French or Italian Riviera ever will, not to mention direct year-round flight connections to Northern Europe, Russia, North Africa and North America, prices haven’t surged with such ferocity as they have on other elite coastlines. The vagaries of the Spanish economy, lack of “easy” credit and vendors’ decisions to “move on” due to personal or financial circumstances have kept a lid on outrageous square metre prices.
Nick continues, “We have literally some of the finest real estate on the Costa del Sol within our portfolio. From Marbella’s Golden Mile, home to the 1954-established Marbella Club Hotel and 1979-established Puente Romano Hotel, both Leading Hotels of the World, to the super secure 900 hectare country estate of La Zagaleta and the aforementioned Sierra Blanca in the foothills of La Concha Mountain, minutes behind Marbella. To think it would cost up to 85,000 pounds per square metre for a top serviced apartment in London’s Knightsbridge but you can take the best Marbella has to offer for a twentieth of the price is quite incredible. Something we certainly need to shout about.”
On The Market:
Ref 202404 - Villa, Sierra Blanca, Marbella
This beautiful contemporary villa is situated in, without question, the best address in Marbella - Sierra Blanca. Due to its elevated position it has stunning panoramic sea views from the Marbella coastline to Gibraltar and Africa beyond. Perfectly maintained with a massive 1,850m² of living space accessed via an imposing stained glass entrance hall including a 200m² living room, 40m² office, four en-suite bedrooms complete with dressing areas and garaging for no less than 14 cars with space for a cinema room, wine cellar and gymnasium. Additional features include an alarm, elevator access to all floors, integrated music system, very large terraces, vast garden with heated infinity swimming pool and outdoor kitchen/barbecue plus two separate staff/guest apartments – one with two bedrooms and one bathroom, the other with one bedroom en-suite. This is the ultimate villa for views, entertainment of family and friends and location, just a few minutes from Marbella town centre and five minutes drive from Puerto Banús.
Seven bedrooms, Six bathrooms
Plot size 4,193m², Built area 1,875m²
Price - 7.9 million euros
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