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Three ultra-luxury Costa del Sol properties are currently on the market or have recently been sold.
IF not already known as it, Marbella is nailing down its position as Spain’s luxury property capital after a string of mega-mansions have hit the market for eye-watering sums exceeding €20 million.
Three deals stand out: Villa Olympus, which previously sold for €27.5 million in 2022, Villa Altos Reales is currently listed at €25 million, and Villa Sierra Blanca is expected to come to market above €20 million.
The sales figures reflect broader trends in Marbella’s luxury property sector, where prices per square metre have increased by over 60% in the past five years, according to the founders of Design studio GC Studio, Lucía Casaus and Alexis González.
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The duo, who established their firm in 2017, attribute the price rises to ‘growing international demand and a younger buyer profile, especially from the technology sector.’
Marbella is continuing to attract buyers from abroad who are looking for luxury property on the Costa del Sol.
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Recent developments in the area have included partnerships with fashion brands, with projects such as Epic Marbella featuring collaborations with Fendi, Dolce & Gabbana and Karl Lagerfeld.
Casaus and González say there has been ‘significant evolution in terms of design, towards more exclusive, innovative projects tailored to consumer taste.’
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Marbella’s luxury real estate sector has experienced a sustained level of activity from international buyers. However, the specific demographics or nationalities and buyer profiles for these particular transactions were not revealed.
Villa Olympus, located in Cascada de Camoján, was sold in 2022 for €27.5 million.
The property occupies 2,600 square meters of the 4,700 square meter plot. The property is three stories high and includes seven bedrooms, all with ensuite bathrooms. Materials such as marble, natural stone and limestone are used.
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Villa Altos Reales, which the Olive Press previously reported is on the market at €25 million, spans 1,400 sqm on a 4,000 sqm of land within a gated community on Marbella’s Golden Mile.
The property includes seven bedrooms, including the master suite. It also has amenities like a spa and gym, a wine cellar, a cinema room, and a wine cellar.
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Villa Sierra Blanca is a unique single-story residence that differs from other luxury developments.
The apartment is located in Sierra Blanca and includes five bedrooms. Developers describe it as an energy-efficient solution.
