Exceptional plot of 58.500 m2 for sale in Los Picos Marbella Golden Mile

Price € 20,000,000

Property overview

Don’t pass up this once-in-a-lifetime opportunity and excellent investment!

The property is made up of 16 plots of land from the Marbella Land Registry, with a total land area of approximately 58.500 m2. It is in the renowned Sierra Blanca/Nagüeles area of Marbella’s Golden Mile, next to the Nagüeles stream, and has panoramic sea and mountain views as well as a gentle slope to the southwest.

In terms of city planning, the property is entirely included in the UPR NG 21 "Llanos de Nagüeles" sector of developable land of Marbella’s current general city plan of 1986, with a total land area of approximately 30 hectares and a raw development ratio of 15% for single-family residential use.

Prior approval of a zoning master plan ("Plan Parcial de Ordenación") is required for physical development of the sector.

The plan is currently in the preliminary environmental review phase, having been filed with the environmental agency in March 2020 by a management committee comprised of the majority of landowners in the sector. The environmental agency’s final review is still pending, and the developer has filed a reminder for May 2022.

After the preliminary environmental review is completed, the plan will be submitted to the local planning department for approval, which is expected to take between one and two years. Following final approval of the master plan, the sector will be eligible for infrastructure and building construction.

The majority of the property under consideration is zoned for detached or attached single-family residential use, with a maximum of two floors and a development ratio of 24,64% in the current draft of the master plan. Some of the land is set aside for the development’s internal roads.

The general city master plan also allows for the zoning of properties larger than 25.000 m2 for multi-family residential use, with a maximum height of four stories. Once the environmental review is completed, the zoning will have to be decided in the master plan.

This fantastic plot for sale is located on the hillside of the famous Golden Mile in fabulous Sierra Blanca, an established and very exclusive area of Marbella, close to all amenities and everything a person could need for the most sophisticated lifestyle.

Surrounded by a protected natural park and the magnificent mansions and elegant villas of the prestigious Sierra Blanca area, it enjoys breathtaking panoramic views of the picturesque surroundings, which include old olive trees and Mediterranean pines.