MARBELLA’S Golden Mile is set to host a new luxury estate offering 15 semi-detached houses following a multi-million Euro investment.
Work has already begun to the project, with excavating machines preparing foundations and advertising campaigns selling off properties before they are finished, with work expected to be finished in 20 months.
The project, organised by Sierra Blanca States, a Spanish real estate and consultancy company based in Marbella for more than 26 years, is named Epic Marbella, and has already received the relevant building licences for the first of its four stages.
The project’s first stage will see 15 houses built on a plot measuring more than 8,000 square metres, with villas on sale for around €2 million, coming to a total of €200 million when all 98 homes are built after the completion of the fourth stage.
The 15 houses will be divided into five blocks, each featuring three independent villas with a private garden. In the 6,000 square metre community area there will be a large swimming pool, a solarium and landscaped garden.
Works were initially delayed after the first phase licence took 11 months to receive. The developer argued “we are waiting for the licence to start building the rest of the 98 homes that are part of the project. We currently have a continuous demand for sales, so the pace of construction must be higher.”
According to organisers, investors from Scandinavian, Russian and Arab countries are among the main buyers of the new properties, claiming, “the international client is showing an increasing interest in buying luxury homes in Marbella.”