A portfolio of four completed luxury villas across two premium Marbella locations — Golden Mile and Nueva Andalucía — acquired at 35% below official bank valuation. Zero construction risk. Immediate resale potential.
A portfolio of four luxury villas across two Marbella developments by ERASUR — two on the Golden Mile, two in Nueva Andalucía — Villas 12 and Villas 6. All properties are fully completed, vacant, and ready for immediate sale. No planning risk, no construction risk, no developer dependency.
The villas are already listed on the open market by Panorama Marbella at prices totalling approximately €28M. Official bank valuations (Instituto de Valoraciones) place the portfolio at €29.9M.
Capital partner acquires the portfolio. Our Marbella-based team manages the complete resale process — marketing, negotiation, and closing. Fully hands-off investment.
The portfolio comprises four villas across two developments by ERASUR, one of Marbella's established luxury developers. Villas 12 is located on the Golden Mile — the most sought-after stretch of Mediterranean coastline between Marbella town and Puerto Banús, steps from the Puente Romano Beach Resort. Vilas 6 is situated in Nueva Andalucía, on the Atalaya border, minutes from Puerto Banús and the valley's top golf courses and international schools.
Villas 12 is an exclusive gated compound of 12 contemporary semi-detached villas designed by AMES Arquitectos with interiors by Pedro Peña. Each villa spans four floors connected by a private elevator, featuring double-height living spaces, rooftop terraces with private pools, Gaggenau kitchens, Poliform wardrobes, and Gessi bathroom fixtures. The development includes 24/7 security, concierge service, communal infinity pools, and landscaped gardens within a 12,000 m² gated estate.
Vilas 6 is a sister development in Nueva Andalucía (Atalaya border), offering the same ERASUR build quality in a boutique gated community with private rooftop pools, underfloor heating, concierge service, and communal gardens.
Project website: vilas-12.com
Video tour: View property film
The portfolio is available at €19.5M — a price that provides an exceptional margin of safety against both official valuations and the live market.
Individual villas from the Villas 12 development are currently listed on the open market at €6.95M per unit through Panorama Marbella, the exclusive listing agent for the portfolio — confirming both demand and price levels. Official bank valuations were conducted by Instituto de Valoraciones S.A. under ECO standards for mortgage lending purposes.
This pricing exists because the portfolio is being offered as a single block acquisition — the discount reflects the speed and certainty of a bulk purchase, not any underlying issue with the properties. All four villas are new-build, complete, vacant, and in pristine condition.
The table below models investor returns on a direct acquisition basis. Total capital deployment is €20.5M — acquisition at €19.5M plus a €1M improvement works programme across the portfolio. Returns are modelled on a 12-month holding period. The investor owns the portfolio outright and keeps 100% of the profit.
| Exit Price | % of Bank Val. | Profit to Investor | Return on Capital |
|---|---|---|---|
| €24.0M | 80% | €3.5M | 17.1% |
| €25.0M | 84% | €4.5M | 22.0% |
| €26.0M | 87% | €5.5M | 26.8% |
| €27.0M | 90% | €6.5M | 31.7% |
| €28.0M | 94% | €7.5M | 36.6% |
| €29.0M | 97% | €8.5M | 41.5% |
| €30.0M | 100% | €9.5M | 46.3% |
Key takeaway: At a conservative exit of €25M — just 84% of bank valuation — the investor profits €4.5M (22% return). Our target exit of €26M (87% of bank valuation) delivers €5.5M profit and a 26.8% return. At market-level pricing, returns exceed 40%. The deep discount at entry provides an exceptional margin of safety.
All returns shown are gross to the investor. This is a direct acquisition — the investor owns 100% of the portfolio and keeps 100% of the profit. Our Marbella-based team is available to support the resale process if desired, on terms to be agreed separately.
This is a direct acquisition. The investor purchases the full portfolio at €20.5M (including the €1M works programme) and has complete ownership and control. Sell individually, hold, rent, or repackage — the asset is yours. There is no profit-sharing structure, no carried interest, and no co-investment requirement.
Our Marbella-based team is available to support the resale process — marketing, buyer access, negotiation, and closing — if you want that. But the core proposition is the asset itself: four completed luxury villas at 35% below bank valuation, in the strongest luxury market in Europe.
The table below models net investor returns after all execution costs — including sales commissions and local partner profit participation. The acquisition price of €19.5M plus €0.2M in marketing costs gives a total capital deployment of €19.7M. Returns are modelled on a 12-month holding period.
| Exit Price | % of Bank Val. | Gross Profit | Net to Investor | Return on Capital |
|---|---|---|---|---|
| €24.0M | 80% | €4.5M | €2.2M | 11.2% |
| €25.0M | 84% | €5.5M | €2.95M | 15.0% |
| €26.0M | 87% | €6.5M | €3.7M | 18.8% |
| €27.0M | 90% | €7.5M | €4.45M | 22.6% |
| €28.0M | 94% | €8.5M | €5.2M | 26.4% |
| €29.0M | 97% | €9.5M | €5.95M | 30.2% |
| €30.0M | 100% | €10.5M | €6.7M | 34.0% |
Key takeaway: An investor achieves 15% net return at an exit of just €25M — which is 84% of the official bank valuation. Our target exit of €26M (87% of bank valuation) delivers 18.8% net return. Even in the most conservative scenario, the deep discount to valuation provides a substantial cushion. At market-level pricing, returns exceed 30%.
All returns shown are net of execution costs, which include a 5% sales commission and a 20% profit participation above the €19.5M base. These costs cover the complete resale operation — sourcing, marketing, negotiation, and closing. The capital partner has no operational burden.
This is a fully serviced investment. Our Marbella-based team handles every aspect of the resale process — from marketing strategy to buyer negotiation to closing. The capital partner acquires the portfolio and collects the returns. No local overhead, no operational complexity.
| Sales Commission | 5% of exit sale price — covers agent coordination, buyer negotiation, and transaction management for each individual villa sale |
| Marketing Contribution | €200,000 — professional photography, staging, open house events, digital marketing, and buyer outreach across the luxury segment |
| Profit Participation | 80/20 split on profits above €19.5M — aligning our interests with yours. We only earn when you earn. |