New development · Costa del Sol · Marbella

Virrey 3

€5,700,000 to €6,100,000

5 beds · 1,044 to 1,132 m² built · Est. completion 2027-04-01

Ref HT5304895

Updated daily · Last sync 2026-06-14T21:50:32.067876+00:00

About this property

Overview

Virrey 3 is a new development of 5-bedroom detached villas for sale in Marbella, Costa del Sol, priced from €5,700,000 to €6,100,000. The project comprises just three contemporary villas, each designed by architectural firm ER Arquitectos in collaboration with developer Cosehisa. This is a notably small-scale development for Marbella's luxury villa market, where most new projects deliver between six and twelve units. Each residence is delivered fully furnished with floor-to-ceiling windows and rooftop chill-out areas offering sea and mountain views across the surrounding landscape.

Built sizes range from 1,044 to 1,132 m² across multiple levels. All villas include five bathrooms, open-plan designer kitchens, and private pools set within landscaped gardens. Outdoor amenities include an outdoor jacuzzi and panoramic terraces that extend the living space. Underground garages are included, though the exact number of parking spaces per villa has not been confirmed in the available data. The specification emphasises contemporary architecture and what the developer describes as the latest technology installations, though specific smart home or energy systems are not detailed in the project literature.

Marbella's Golden Mile, which runs between the town centre and Puerto Banús, is approximately 4 kilometres from central Marbella. This market segment attracts international buyers, particularly from the UK, Scandinavia, and the Middle East, who prioritise privacy, build quality, and proximity to Marbella Club Hotel and Puente Romano. The area has historically held its value better than developments further west along the coast, partly due to limited new build supply at this price point. Buyers at this level typically view these properties as second or third homes rather than permanent residences, which affects both community dynamics and year-round occupancy. Road access into central Marbella can be slow during July and August when the coastal N-340 becomes congested.

The development status has not been confirmed in the available data, so prospective buyers should verify whether these villas are off-plan, under construction, or nearing completion. Standard Spanish new build transactions require a reservation deposit, stage payments during construction if applicable, and balance on completion, with all amounts and timelines confirmed directly with Cosehisa. Independent legal representation is essential at this price level, particularly for reviewing build contracts, payment schedules, and any community statutes that will govern the three-villa development. At over 1,000 m² of built space, annual running costs including community fees, utilities, garden maintenance, and pool servicing will be substantial.

Features

What this home includes

  • Pool
  • Private garden
  • Parking
  • Beachside

Property details

Specifications

Reference
HT5304895
Property type
Detached Villa
Bedrooms
5
Bathrooms
5
Built area
1,044 m² to 1,132 m²
Terrace
80 m² to 81 m²
Plot size
575 m² to 656 m²
Price range
€5,700,000 to €6,100,000
Completion
2027-04-01
Pool
Yes
Garden
Yes
Garage
Yes
Beach side
Yes
City
Marbella
Coast
Costa del Sol

What's Nearby

Playa de Nagüeles
19 minwalk
Real Club de Golf Las Brisas
9 mindrive
Puerto Deportivo José Banus
7 mindrive
British International School
3 mindrive
Swans
3 mindrive
Mercadona
4 mindrive
Lidl
4 mindrive
ALDI
4 mindrive
Hospital
6 mindrive
Farmacia Marbella Real
18 minwalk
El Corte Inglés
5 mindrive
Marbella
7 mindrive
409 restaurants & bars
within 10 mindrive
Málaga Airport (AGP)
50 mindrive
Mountain side, north of the coastal road (A-7), hillside setting.

Location

Marbella

Location shown is the development site. This development is in MarbellaCosta del Sol.

Virrey 3 is positioned above the AP-7, towards the mountains in Marbella. The beach at Playa de Nagüeles is a 5 minute drive away. Málaga Airport is 50 minutes by car, making it accessible for regular travellers. Real Club de Golf Las Brisas is 9 minutes away, while Puerto Deportivo José Banus marina is 7 minutes by car. The British International School is just 3 minutes away, and Marbella town centre is 7 minutes by car. This location works well for families who want mountain views with easy beach access, and for golfers seeking convenient course access.

18 questions answered

Virrey 3: Frequently Asked Questions

Virrey 3 villas are priced between €5,700,000 and €6,100,000, reflecting their beachside location in Marbella and premium specifications. Each villa at Virrey 3 offers exceptional value for a 5-bedroom detached property with direct beach access on the Costa del Sol.

All villas at Virrey 3 feature 5 bedrooms across a built area of 1,044–1,132 m², providing spacious accommodation for families or those requiring multiple guest suites. The generous room count at Virrey 3 is complemented by large living areas and outdoor terraces.

Virrey 3 offers each villa a private garden and private garage, with the option of either a private pool or access to communal pool facilities. The beachside setting of Virrey 3 means residents enjoy direct access to the Mediterranean coastline alongside these exclusive outdoor spaces.

Virrey 3 is expected to reach completion in April 2027, allowing buyers to plan their move to this beachfront Marbella development. The timeline for Virrey 3 has been carefully structured to ensure quality construction of these luxury villas.

Virrey 3 is positioned beachside in Marbella, one of the Costa del Sol's most sought-after addresses, offering direct Mediterranean access and proximity to world-class amenities. The beachfront setting of Virrey 3 combined with its 5-bedroom villa format creates a rare offering in this premium market.

Buying off-plan in Marbella means reserving a property before or during construction. You pay a reservation deposit (typically €6,000 to €12,000), then sign a private purchase contract within 30 days and pay a further 10 to 20% of the purchase price. Staged payments follow the construction milestones. The final 60 to 70% is paid at notary completion when the keys are handed over.

Under Spanish law (Law 57/1968 and its 2015 successor), all off-plan deposits must be covered by a bank guarantee or insurance policy. Your lawyer must verify this before you pay any money. If the developer fails to deliver, you can claim 100% of your deposit plus 6% annual interest. Never transfer funds without a confirmed guarantee in your name.

Spanish law mandates three tiers: a 10-year structural guarantee (Seguro Decenal) for serious structural defects, a 3-year guarantee for habitability issues (waterproofing, insulation, installations), and a 1-year guarantee on finishes and fixtures. These run from the date the licence of first occupation (licencia de primera ocupación) is issued.

New-build purchases are subject to 10% IVA (VAT) on the purchase price, plus 1.2% AJD (stamp duty) in Andalucía. Parking spaces or storage sold separately may attract 21% IVA. Add notary, land registry and legal fees (1 to 2%), budget 12 to 15% on top of the purchase price in total acquisition costs.

Most developers allow personalisation during the early construction phase, choices of floor tiles, kitchen units, bathroom fixtures, paint colours and sometimes layout tweaks. The window for changes is typically 3 to 6 months after signing the contract. Structural changes are rarely possible once work has started. Your sales representative will provide a customisation deadline and specification sheet.

Typical build time in coastal Spain is 18 to 30 months from licence grant to completion. Delays of 3 to 6 months are common due to weather, supply-chain or permit issues. Your contract should specify a longstop completion date and the compensation you are owed for any overrun. Always check whether the building licence has already been granted before reserving.

Key due-diligence points: (1) confirm the building licence is granted, not just applied for; (2) verify all deposits are bank-guaranteed in your name; (3) check the developer's track record and financial standing; (4) review the specification sheet and what is included in the price; (5) confirm the estimated completion date and longstop clause; (6) have an independent Spanish lawyer review the contract before you sign anything.

Yes, both are required before the final notary signing. You can reserve with a passport, but your Spanish NIE (foreigner tax number) is needed for the private purchase contract and your Spanish bank account for the staged transfers. Your lawyer can obtain your NIE with a power of attorney in 2 to 4 weeks. Open the bank account on your first trip to Spain or remotely via certain Spanish banks.

Yes. Spanish banks lend to non-residents at typical LTVs of 60 to 70% of the lower of purchase price or valuation (vs 80% for residents). Rates are competitive with the rest of the eurozone. You will need 6 months of bank statements, tax returns and proof of income, pre-approval takes 2 to 4 weeks.

Recommended for serious buyers. A mortgage in principle confirms your budget, signals credibility to sellers and shortens completion. We can introduce you to specialist non-resident mortgage brokers familiar with the local market.

Resale property in Andalucía: ITP (transfer tax) at 7%. New-build: 10% IVA + 1.2% AJD (stamp duty). Plus notary, land registry and legal fees of roughly 1 to 2%. Budget 10 to 13% on top of the asking price for total acquisition costs.

Annual IBI (council tax) is typically 0.4 to 1.1% of cadastral value. Community fees on apartments and gated villas range €100 to €600/month depending on amenities. Non-resident owners pay an annual income tax based on cadastral value, plus utilities and home insurance.

In Spain the seller pays the agent commission (typically 3 to 6% + VAT), already baked into the asking price. Buyers do not pay agent fees on resale or new-build.

Market context

How it sits in the market

Live €/m² comparisons from current inventory of similar detached villas in the same city.

This Detached villa

€5,460 / m²

€5,460 × 1044 m² = €5,700,000 asking · entry unit

Comparable averages

  • Villas in Marbella

    11 active listings

    €8,589 / m²36% below market

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Virrey 3

Marbella · From €5,700,000 · 5 bed · Completing Q2 2027

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