As demand for luxury in Marbella is strong and space limited, new luxury residential areas are emerging that will be the A-addresses of tomorrow.
The New Golden Mile was coined in the late 1990s for a series of luxurious residential developments clustered along the coastline on the east side of Estepona. In referring to the original Golden Mile – the palm-lined avenue that connects Marbella town and Puerto Banús – the very beginnings of a comparison is made between this upcoming area and the hallowed properties to be found near such iconic landmarks as the Marbella Club and the Puente Romano Hotel.
There you will find some of the most exclusive beachside villas and penthouses in Marbella and indeed the Mediterranean, but with demand strong and land scarce owning a property on the Golden Mile comes at a premium. Earlier alternatives such as La Zagaleta, El Madroñal, Guadalmina, Los Monteros and Sierra Blanca all have their charm and cater to specific personal preferences, but these too have now become established luxury addresses with not so much more scope for further development.
This is why buyers in the luxury segment – particularly those who wish to build their own villa or own a frontline beach Marbella penthouse within a prestigious complex – have started looking elsewhere for suitably stylish opportunities. In this way the new premium addresses of the future are born, and investors have not been slow to catch on, as many of the private buyers themselves realise the potential such a situation offers.
Luxury is moving west
The above process is moving much of the new development, both within the luxury and medium segments, westwards, in the area between San Pedro Alcántara and Estepona. Here the New Golden Mile occupies a prime position, offering luxurious Marbella beachfront penthouses and apartments in beautifully styled and maintained complexes right by the beach. Moreover, these coastal settings are marked by relatively private beaches bordered by delightful seaside pathways and a lack of crowding and high-rise. To stroll along the shore is one of the pleasures of choosing a spot like this, and together with the fantastic sea views adds greatly to the quality of life to be enjoyed.
Just as the New Golden Mile is evolving, maturing and consolidating with the further development of luxurious modern beachfront apartments and attractive private villa estates just inland, so the residential offer within the mid segment is modernising and upgrading as well. As an undisputed leader in the promotion and marketing of quality new developments in Marbella, Altavista Property offers modern, state-of-the-art villas, apartments and penthouses within this area, covering both the high and medium segments of the market.
For more information about the exciting new properties and investment opportunities we offer on the New Golden Mile as well as other up-and-coming areas such as Bel Air, please contact us for more detailed information and brochures.