Residential Plot For Sale In The Golden Mile
€9,500,000€1,500/m²
Andalusia, Spain
1
bedroom
1
bathroom
6,332 m²
interior
Land
property type
1 week ago
listed
About this place
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.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference









