Building a Luxury Villa in Marbella Now Costs Over Five Million Euros
Building a luxury villa in Marbella, following the recent price hikes, now costs over five million euros. Pure Living Properties, a leading luxury real estate agency in Marbella, has designed a guide analyzing all the steps and current costs of the process. These are custom-made homes for the client.
Cost of Building a Custom Luxury Villa in Marbella
The answer to how much it costs to build a custom luxury villa in Marbella is not simple and does not have a single answer. The final price is influenced by countless variables that can significantly increase the price depending on the preferences the client leans towards throughout the process. Pure Living Properties, a leading agency in the luxury real estate market in Marbella, has prepared a comprehensive guide detailing all the necessary steps to build a top-level home and the total cost of the project. The calculation takes into account the current situation and recent price increases in both construction materials and plots, as well as the fees of various professionals.
Designing, Building, and Equipping a Luxury Villa Costs Around 5.1 Million Euros
According to this study, the price of designing, building, and equipping a luxury villa with gardens and a pool currently stands at around 5.1 million euros. “Many of our clients wondered whether it is more profitable to build a home from scratch, custom-designed, or buy a property and adapt it to their needs, so we decided to prepare this guide,” says Javier Nieto, CEO of Pure Living Properties.
Location Determines the Price of the Plot
The first step in building a luxury villa is to select the plot and the area. A final plot of 1,300 m² with sea views on the Golden Mile of Marbella, one of the most coveted locations in the area, currently costs 1.13 million euros. The Lomas de Río Verde, Sierra Blanca, Altos de los Monteros, and La Zagaleta are the areas with the highest prices in the golden triangle (Marbella, Estepona, and Benahavís) and are also among the most expensive in the country.
Construction Costs Around Two Million Euros
The total cost of the operation can increase or decrease depending on the quality of the materials chosen, the size of the house, or the extra elements added during the process. Considering the current market situation, the price of building a medium-sized luxury villa is around two million euros.
Smart and Connected Villas
It should be noted that most of these luxury villas operate with intelligent home automation systems that allow their owners to manage parameters such as lighting, temperature, music, or security from anywhere in the world. Equipping a home of these characteristics with SmartHome technological systems costs about 485,000 euros.
Importance of Outdoor Areas, Gardens, and Pools
One of the main reasons why clients of this exclusive market choose the Costa del Sol is for its good weather conditions that offer more than 300 days of sunshine a year. Therefore, in this type of housing, outdoor areas, gardens, and pools acquire special importance. The landscaping project to design a custom garden costs around 5,000 euros, the execution and provision of green areas is around 50,000 euros, and the construction of the pool starts from 60,000, although it can even reach 250,000 for the most exclusive and equipped ones.
