Marbella’s ‘Milla de Oro’ or Golden Mile is one of the most famous addresses in Europe. It represents a luxury lifestyle and its prestigious properties amply reflect its upmarket status. This six-kilometre stretch from Río Verde, east of Puerto Banús to Plaza Bocanegra in Marbella contains some of the most celebrated real estate in Spain, including a king’s palace.
The New Golden Mile is an area that roughly runs from Guadalmina on the western edges of Marbella municipality to Estepona. It may have borrowed its name from the original Marbella Golden Mile, but it is a distinct and interesting collection of communities in its own right and has been a popular residential area for many years
For many years, Nueva Andalucía has been the preferred destination for many visitors to the Costa del Sol, and particularly for those investing in permanent residences or holiday homes. As Marbella’s largest suburb, just west of the city centre and inland of Puerto Banús, Nueva Andalucía is home to a large number of permanent residents but also welcomes a significant number of holiday makers during the peak summer season.
Marbella is rich in luxurious apartment complexes in prime beachside locations surrounded by lush tropical gardens, but few compare to the Malibu Puerto Banus frontline beach apartments.
The duration of the planned works is approximately 20 months and the average selling price of each of these exceptional villas is estimated at seven million euros.
In Marbella, “La Zagaleta” which last year reached a record figure of EUR 40 million in real estate transactions, gave the green light to new developments.