There’s never been a more opportune time to invest in Marbella. This ever-popular second home destination for affluent buyers has over 4000 active listings on JamesEdition, and is seeing some of the highest activity since before the pandemic.
We talked to our partner Panorama, Marbella’s longest-established real estate agency, to get insights into the local property market and the top villas that are available to buy right now.
Europe’s most prestigious destination
According to Christopher Clover, Managing Director of Panorama, Marbella experienced historic sales across the high-end market in 2021, with strong demand leading to a 30.15% increase compared to 2019. Indeed, Covid brought a new urgency regarding where and how people want to live, strengthening the sector.
That trend has continued into 2022, with record-breaking figures in the first half of the year – 73% higher than the same period in 2021. This unprecedented level of activity since the end of the lockdown is all the more significant – a sign the area has achieved global recognition as an exclusive European destination.
As the jewel of the Costa del Sol, it’s well-known that Marbella boasts the mildest winter weather in Europe, has a high standard of international schools, and a host of top-class sporting facilities, including 52 golf courses in the province of Málaga.
“The low season in the Marbella area has now ceased to exist,” says Christopher Clover. “This has always been the full potential of Marbella, and the reason we opened our agency here in 1970.”
Property sales over €4 million are now commonplace; many exceed €10 million. Furthermore, a high proportion of buyers spending over €1 million are foreign – 85-90% – bolstering Marbella’s already buoyant real estate market.
Moreover, recent tax reductions in Andalucía encourage investment. Indeed, the Inheritance and Gift Tax was reduced by 99% in 2019, the Property Transfer Tax was lowered indefinitely to a flat 7% in October 2021, and the unpopular Wealth Tax was eliminated this year.
8 Exceptional homes to look out for this fall
With a selection of luxurious villas hitting the market in Marbella’s top neighborhoods, let’s take a tour of each.
1. Modern mansion with a private tennis court in El Paraíso Medio
Situated 15 minutes west of Marbella, coastal El Paraíso Medio is a highly desirable residential area. This contemporary five-bedroom and bathroom house sits on a plot of 3,329 square meters and has 539 square meters of inside space across a single level, including three large lounges. Notable features range from solar panels and sliding glass doors to a separate fully-fitted apartment with a private entrance. Outside, the terraces span 200 square meters, and there’s a tennis court and a saltwater swimming pool to enjoy. The property’s a stone’s throw from scenic El Paraiso Golf Club and near the beach.
2. Stylish residence in the Golf Valley, Nueva Andalucía
Sitting on a plot of 1,200 square meters and with 531 square meters of inside space is this beautifully designed five-bedroom and bathroom villa. The southwest-facing property was recently built, and comes complete with an open-plan living space with a cathedral-style ceiling and a modern kitchen with Miele appliances. Head down to the lower level and be wowed by the wine cellar, games zone with an integrated bar, indoor gym, and cinema. Additional features include air-conditioning and underfloor heating, while out in the tropical garden, there’s a pool, extensive terraces, and a kitchenette to check out. Meanwhile, golf courses like Los Naranjos and Aloha are just a short drive away, as is upmarket Puerto Banús.
3. Sleek villa in sought-after Sierra Blanca
This immaculate four-bedroom and bathroom house has been fully refurbished with a meticulous eye for detail, and is ideally located on a quiet cul-de-sac along the uber-desirable Golden Mile. Sitting within an exclusive gated community between protected parkland (with a 24-hour security services) and the Mediterranean, the stylish three-story residence boasts 561 square meters of interior space and is enclosed by a verdant plot of 1,133 square meters, complete with a heated saltwater pool. Head inside and be greeted by chic decor – Tom Dixon lighting and Italian furniture by Maxalto – before wandering downstairs to explore the guest apartment. The peaceful complex is close to acclaimed schools like Swans and Aloha College, and just a 10-minute drive from Puerto Banús and Marbella.
4. One-of-a-kind beachfront penthouse in Puerto Banús
Price: on request
Sitting in a prime position overlooking the harbor is this south-facing six-bedroom duplex spanning a whopping 485 square meters. Consisting of two apartments converted into an enormous space, the elevator opens directly onto the elegant entrance hall that’s home to a striking wrought iron staircase. Head out to the 118-square-meter terrace and admire the spectacular sea views, before making your way back inside to check out the gleaming marble flooring and the pair of kitchens. Out and about, the nightlife and boutiques of Puerto Banús are on the doorstep, as are the beaches on the Golden Mile and the golf courses in Nueva Andalucía.
5. Contemporary beachside masterpiece in Bahía de Marbella
This recently constructed super-modern villa is primely positioned just 150 meters from the beach, and part of a gated community that benefits from 24-hour security. First-rate features include double-height ceilings, an indoor patio, and underfloor heating, plus an extensive sun terrace and a heated infinity pool in the south-facing garden. In terms of size, the interior spans 789 square meters, while the plot is 1,750 square meters. Head upstairs to the master and take in the deluxe en-suite, dressing room, and private terrace with fabulous sea views. Meanwhile, the lower level is home to a three-car garage, a wine cellar, a gym, and a cinema. The impressive house is situated in Marbella East, just a quarter of an hour from Puerto Banús and a 10-minute drive from Marbella’s old town.
6. Magnificent mansion with panoramic views in El Madroñal
Nestled in the private gated resort of El Madroñal is this spectacular six-bedroom and bathroom residence spanning 721 square meters. Head along the tree-lined driveway before entering the classical masterpiece, where noteworthy features include soaring wood-beamed ceilings, a huge living room, and a capacious master suite. There’s also a five-star spa and an indoor swimming pool to explore. Out in the lush 5,438-square-meter grounds, admire the fantastic mountain and sea vistas, the second pool, and the array of plants and fruit trees that dot the landscape – well-watered by a natural underground system. El Madroñal is known locally as a secret hideaway with a 24-h security service, located some 400 meters above the Mediterranean in a peaceful countryside setting, yet just 20 minutes from Puerto Banús and Marbella, and a 5-minute drive from La Zagaleta Golf Club.
7. Tropical six-bedroom oasis on the Golden Mile, Marbella
This elegant southeast-facing villa is a rare find indeed, ideally situated on a quiet cul-de-sac in Las Lomas del Marbella Club, an exclusive urbanization. Because of its elevated position, the property enjoys spectacular panoramas of La Concha Mountain and protected green parkland. Designed by a renowned Spanish architect, the mansion blends seamlessly with the natural surroundings – the exterior is pale terracotta, and the style is classical. Inside, there’s 1,065 square meters of space, including an ample living area with a fireplace, a fully-equipped kitchen with Gaggenau appliances, a wine cellar, and a massage room. There’s also a library with a hidden door leading to the gym. Outside in the 1,811-square-meter grounds, take in the gazebo that houses a barbecue and a bar, and the heated pool. The property is totally private, yet Puente Romano and the beach are reachable within 10 minutes.
8. Stand-out 16-bedroom estate on the Golden Mile, Marbella
Sitting on a plot of 8,799 square meters is this impressive 2,743-square-meter mansion with sea and mountain views. Ideally located in Las Lomas del Marbella Club, just 10 minutes from both Puerto Banús and Marbella, the huge dwelling boasts an uber-spacious salon with multiple places to relax, and an elegant cocktail bar with art-deco flooring and several chill-out areas. The lower level is home to a world-class entertainment and wellness center complete with an indoor pool, a hammam spa, a bowling alley, a state-of-the-art gym, and a games room with Formula 1 car seats. Upstairs, the master features an eye-catching green bathtub, a glass ceiling, and access to an outdoor Jacuzzi. Meanwhile, out in the southeast-facing grounds, there’s a separate guesthouse, a pool, and a paddle tennis court.
To find out more about life in Marbella and these outstanding properties, contact the team at Panorama.