Altos Reales, Marbella

Rare Development Estate with Sea Views

Villa·JUST-01067P
Price on application
8 Bedrooms
8 Bathrooms
1,216 m² Interior
126 m² Terrace
12,116 m² Plot
IBI €1,276 – €4,274 a year · median €2,256 · 210 listings
Community fees €2,316 – €7,800 a year · median €4,308 · 201 listings

These are the averages across ALL houses in Golden Mile that disclose a figure, not this property alone. Where a bill for this one is on file it is shown against that range so you can see where it sits. Bills follow the rateable value and the community budget, so two neighbours can differ; we will get you the actual figures before you commit.

All homes €3,425/m² €2,632 to €4,630 · 605 deeds
Houses €4,785/m² €3,493 to €6,244 · 53 deeds
Apartments €3,401/m² €2,529 to €4,608 · 509 deeds

Registered sale prices across Marbella, October 2025 to April 2026. Real money paid and recorded, not asking prices. The deed count is a measure of our coverage of the register, not of how many homes sold, and deeds register some months after the sale, so this is one pooled figure for the whole window rather than a monthly line.

Appraised value per m², Marbella Valuation basis, Ministerio de Transportes
€4,333/m²2026 Q1
2005 Q1 €1,898 – €4,333 2026 Q1
Homes sold per quarter, Marbella Ministerio de Transportes
842 homes2026 Q1
2004 Q1 395 – 1,745 2026 Q1
Achieved, 29602 · Marbella €5,125/m² 120 deeds this year · Notariado
Valued, latest quarter €4,333/m² 2026 Q1 · Ministerio

Three different measures, shown separately because they are not comparable: what sellers ask, what deeds record, and what valuers assess. The last two cover a whole postcode and a whole municipality at every price level, so a prime property will always sit well above them.


About this property

Positioned within Cascada de Camoján, one of the most prestigious residential areas on Marbella’s Golden Mile, this expansive private estate represents one of the last large-scale development opportunities remaining in this highly sought-after enclave.

The property sits within a quiet hillside setting adjacent to Sierra Blanca, where privacy, panoramic views and proximity to Marbella’s lifestyle amenities converge.

From its elevated position the estate enjoys open views across the Mediterranean coastline while remaining only a short distance from the centre of Marbella, the beaches of the Golden Mile and the marina of Puerto Banús.

The existing property consists of two villas set within a substantial estate, together offering approximately 1,216 square metres of built space. In total the property includes eight bedrooms and eight bathrooms, providing generous accommodation that could be refurbished and modernised or incorporated into a wider redevelopment strategy.
Interior finishes include a combination of parquet and natural stone flooring, while the homes are equipped with central heating with radiators.
The current layout reflects a traditional residential configuration, offering ample interior volume that could be adapted to contemporary living standards if renovation is pursued.

The defining feature of the property is the exceptional plot of approximately 12,116 square metres, a scale that is rarely available within the Golden Mile today.

The land benefits from UE-6 zoning, which allows for a development scenario of three to four independent luxury villas, each built on individual plots of around 3,000 m² or more.

Under the current planning framework, the land offers a maximum buildability of approximately 25%, providing the possibility to create a collection of substantial private residences within one of Marbella’s most desirable addresses.

The estate already includes a number of lifestyle features that enhance its character and potential.
Within the grounds there is a large outdoor swimming pool and a private tennis court, both positioned within landscaped areas surrounded by mature vegetation.
These elements can either be preserved as part of the existing homes or reimagined within a new architectural concept.
The scale of the land allows for multiple design approaches, whether maintaining a single private estate or creating several independent luxury villas with their own gardens and amenities.

Cascada de Camoján forms part of Marbella’s most exclusive residential corridor, known for its discreet luxury villas, gated communities and elevated sea views.
The Golden Mile has historically attracted European families and international residents since the 1960s, and it remains one of the most prestigious addresses on the Costa del Sol.
Its proximity to the Marbella Club, Puente Romano, the beachfront promenade and a wide range of restaurants and services continues to drive strong demand for property in the area.

For buyers and developers, opportunities of this scale are increasingly rare.
The combination of a large plot, sea views, development potential and a Golden Mile address creates a compelling proposition for investors looking to build bespoke luxury residences in a location where available land is extremely limited.

Proximity
• Marbella centre: 5 minutes
• Puerto Banús: 10 minutes
• Beaches of the Golden Mile: 5 minutes
• International schools: 10 minutes
• Málaga Airport: 40 minutes


Specification

Reference
JUST-01067P
Type
Villa
Location
Altos Reales, Marbella
Beds
8
Baths
8
Interior m²
1,216
Terrace m²
126
Plot m²
12,116
Pool
Private
Garden
Private
Garage
Private
Orientation
S
C. Year
1973

Features & amenities

  • Amenities near
  • Close to golf
  • Close to restaurants
  • Close to schools
  • Close to sea / beach
  • Close to shops
  • Close to town
  • Country view
  • Garden view
  • Mountainside
  • Panoramic view
  • Pool view
  • Sea view
  • Transport near
  • Bars
  • Dining room
  • Guest apartment
  • Guest room
  • Kitchenette
  • Laundry room
  • Living room
  • Marble floors
  • Staff accommodation
  • Storage room
  • Unfurnished
  • Utility room
  • Covered terrace
  • Tennis / paddle court
  • Mains water supply
  • Renovation Needed
  • Individual A/C units
  • Separate apartment
  • Water tank