What $5 Million Buys Right Now On The Coast Of Spain

A view of the mountains and Mediterranean from a luxury villa in the Altea Hills complex of Altea, Spain. (Immobiliaria Rimontgo)

Beautiful beaches, great food and vibrant culture have long made Spain a premier destination for global travelers and second-home owners. In this week’s look at the luxury real estate market, I examined three desirable tourist destinations along Spain’s eastern coast. From a contemporary villa in Altea Hills to a beachside estate in Sierra Blanca, here’s a look at what about $5 million buys in three coastal settings in Spain.

Altea, Altea Hills, Spain | $5.75 million (EUR 4.8 million)

luxury villa by carlos gilardi in altea spain

The modern villa-style home, listed for $5.75 million, was designed byan aeronautical engineer in collaboration with late architect Carlos Gilardi. (Immobiliaria Rimontgo)

A pearl of Spain’s White Coast, the city of Altea in the province of Alicante is a desirable resort area known for its world-class marina, beautiful beachfront and some of the finest mountain and ocean views in the Mediterranean. The area is also home to Altea Hills, a premier resort community of about 1,300 homes. This modern villa, designed by an aeronautical engineer in collaboration with late architect Carlos Gilardi, sits high up in the community’s hills, allowing for a bird’s-eye view of the area.

living room in a luxury villa in spain's altea hills complex

Walls of windows frame panoramic mountain views. (Immobiliaria Rimontgo)

Features: The four-bedroom, five-bathroom house is contoured to its hillside setting and features an eye-catching combination of curved organic shapes and clean lines. The primary suite opens to a curving terrace that overlooks a heated infinity-edge pool and outdoor lounge on the lower level.

terrace patio and pool luxury altea home spain

The curved shape of the home conceals a lower-level patio and infinity-edge swimming pool. (Immobiliaria Rimontgo)

Other perks: Eco-friendly materials feature prominently in the home’s multi-level design. The house was also built to be earthquake-proof and can withstand seismic activity up to 10 on the Richter scale.

Represented by: Alicia Martinez, Immobiliaria Rimontgo

Los Monteros, Marbella, Spain | $4.732 million (EUR 3.95 million)

luxury villa in los monteros enclave of marbella spain

The villa-style home of more than 8,000 square feet lies in Los Monteros, a desirable enclave in Marbella East. (Immobiliaria Rimontgo)

Located a short drive from the city of Marbella, Los Monteros in Marbella East is an exclusive residential area popular for its exceptional restaurants and spa facilities. The area is also one of the few remaining areas in Marbella to buy beachfront property and features a collection of prized villas such as this five-bedroom, five-bathroom residence.

living room in a luxury villa spain marbella east los monteros

White walls and polished stone floors give a sophisticated feel to the home, listed for about $4.73 million. (Immobiliaria Rimontgo)

Features: The two-story home has more than 8,000 square feet of sophisticated living space, five bedrooms and five bathrooms. White walls and polished floors lend a museum-like quality to the living spaces. In the chef’s kitchen, sliding glass doors open to an intimate dining patio.

swimming pool at a luxury villa in los monteros spain

If hitting the sand isn’t your style, the Los Monteros villa has its own swimming pool. (Immobiliaria Rimontgo)

Other perks: Hedges and lush tropical landscaping conceal a private swimming pool. The property also features a wine cellar, a garden and ample patio space.

Represented by: José Ribes Bas, Immobiliaria Rimontgo

Sierra Blanca, Marbella, Spain | $5.15 million (EUR 4.3 million)

luxury villa and pool sierra blanca

The Sierra Blanca community in Marbella’s Golden Mile is a premier enclave featuring large-lot villa-style homes. This contemporary villa is listed for $5.15 million. (Immobiliaria Rimontgo)

Few areas in Spain carry the status of Marbella’s Golden Mile, a prime strip of coastline home to an impressive collection of exclusive shops, restaurants, and resort hotels. For those desiring an extended stay, the gated community of Sierra Blanca is among the most desirable in the area, thanks to its security and proximity to Marbella’s beautiful beaches and international schools. This modern villa-style home of nearly 9,000 square feet is a stellar example of Sierra Blanca’s large-lot offerings.

villa style home in sierra blanca spain

A two-way fireplace divides the living space. (Immobiliaria Rimontgo)

Features: Designed to the highest standards, the five-bedroom, five-bathroom house features marble and parquet wood floors, heated floors and oversized sliding doors that connect indoor-outdoor spaces. A two-way fireplace feature bisects the open-concept space in the common area, creating division between the chef’s kitchen and living room.

patio and pool at a luxury villa in sierra blanca spain

Outdoor features include a massive covered patio and a private resort-style swimming pool. (Immobiliaria Rimontgo)

Other perks: Tall hedges create a natural privacy screen for the home’s outdoor settings, including a large covered patio, a swimming pool and a garden.

Represented by: Cristina Martínez, Immobiliaria Rimontgo


Neal is the Chief Content Officer at Forbes Global Properties. A content strategist with more than a decade of experience in the sports, entertainment and real estate spaces he previously launched a sports real estate column and chronicled L.A.’s biggest home sales for the Los Angeles Times' award-winning “Hot Property” section.

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