Residential Plot · The Golden Mile
Exclusive Plot for Sale. Marbella’s Golden Mile
€9,500,000Asking price · Ref. R5391094
Description
Exclusive Plot for Sale. Marbella’s Golden Mile
We present an exceptional investment opportunity in one of the most prestigious areas of Marbella. This property consists of a total land area of 9,260 m², resulting from expropriations on an original plot of 10,800 m². Of this surface, 6,332 m² are buildable, while the remaining area is allocated to roads and open spaces, in accordance with the Detailed Study and attached parceling plans.
- 6 buildable plots, each approximately 1,000 m².
- Buildability: 0.26 m²/m² | Maximum height: 7.5 meters
- Ideal for luxury villas with an estimated value of €4–5 million each
- Projected value of completed development: €24–30 million
- Total land price: €9.5 million (€1,500/m²)
Urban Planning Status:
- Urbanization license (roads and utilities) currently in process, reducing buyer uncertainty and increasing land value.
- The Town Hall will require a guarantee (approx. 7% of the construction budget).
- Construction or sale is already possible on all plots, except those closest to the road, which are pending final boundary approval (expected shortly).
- Noise barriers are currently being installed in the area, significantly enhancing the residential environment.
Technical Project:
- Managed by a renowned architect with extensive experience and direct communication with municipal technical staff.
- Geotechnical study already underway, with expected ground conditioning work to be less intensive than in neighboring plots, reducing urbanization costs.
Setting
Suburban · Close To Golf · Close To Shops · Close To Sea · Close To Town · Close To Schools · Close To Marina · Urbanisation
Condition
Good
Views
Sea · Mountain · Garden · Urban · Street
Property Intelligence
Investment memo
Based on feed data only. Where information is not available we say so.
- Asking price
- €9,500,000
- Price per m² built
- €1,500 asking price ÷ listed built area
- Built size
- 6,332 m²
- Plot size
- 10,800 m²
- Terraces
- Not provided
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Area
- The Golden Mile · area guide
- Location quality
- Marbella’s established prime address between the old town and Puerto Banús.
- Rental potential
- Not assessed from feed data. Licensing, seasonality and costs are reviewed in a full memo.
- Liquidity considerations
- Narrower buyer pool at this level; expect longer marketing periods and greater sensitivity to pricing and presentation.
- Relative value
- We do not publish valuations or comparables we have not verified. A comparable set is prepared on request.
Why we like it
- Views listed in the feed: sea, mountain, garden, urban.
What we would challenge
- Condition listed as good: assume a modernisation budget until surveyed.
- Build cost, licence timelines and design constraints determine the true all-in price of a plot.
- Asking price only: we form a view of value from verified comparables before recommending an offer.
What we would verify
- Registered versus cadastral areas for plot and built surfaces
- Licence of first occupation and legality of all structures
- Charges, encumbrances and ownership at the land registry
- Local taxes (IBI), community fees and any pending levies
Acquisition considerations
- Resale purchases in Andalusia are generally subject to 7% transfer tax (ITP); new-build purchases to VAT plus stamp duty. Notary, registry and legal fees are additional. Confirm with your lawyer.
- A private purchase contract with a deposit (often around 10%) normally precedes completion before a notary.
- Financing approvals should be secured before signing a deposit contract.
Golden Mile: context
The Golden Mile runs along the coast between Marbella town and Puerto Banús, rising from beachfront estates to the foothills below La Concha. It is the most recognised address in Marbella and remains a reference point for value along the coast.
- Marbella old town
- c. 5–10 min
- Puerto Banús
- c. 5–10 min
- Málaga airport
- c. 45 min
- International schools
- c. 10–15 min
Approximate driving times, traffic-dependent.
Financing example
How a buyer could potentially fund 100% of the purchase price without automatically selling investments.
- Property price
- €9,500,000
- Taxes, legal, notary and acquisition costs illustrative c. 10%
- €950,000
- Total acquisition requirement
- €10,450,000
- Traditional mortgage 50% of property price
- €4,750,000
- Portfolio-backed facility e.g. c. 70% of an eligible portfolio of c. €8.14m
- €5,700,000
- Cash sale of investments required
- €0
Financing examples are illustrative and do not constitute an offer of credit. Availability depends on the client profile, collateral, property, jurisdiction and lender approval. Portfolio-backed lending may be illustrated at up to approximately 70% loan-to-value where suitable. Actual lending value depends on portfolio composition, concentration, volatility, liquidity, currency, jurisdiction and lender approval. Borrowing below the maximum leaves a buffer if markets fall. Mortgage approval depends on income, residency, property value and lender. How Smart Financing works.
Property information is supplied by owners, collaborating agencies and/or authorised data providers and is subject to verification. Availability, measurements, planning status and specifications may change and should be independently confirmed before acquisition. The exact address is disclosed privately.