The Marbella City Council has put six plots in the La Montúa urbanisation up for sale for the third time, with a starting price of 1,800,710.68 euros. The land totals 6,321 square metres and is offered as a single lot.
The Marbella City Council has activated a new sales process for six plots in the La Montúa urbanisation, a piece of land that it attempted to sell unsuccessfully in 2020 and 2021. Now, the starting price is 1,800,710.68 euros, well above the initial 1.34 million from five years ago.
The six plots, each approximately 1,000 square metres, total 6,321 square metres in an area with abundant native vegetation, mainly pines, and a steep slope. They are sold as a single lot and are free of buildings.
A history of deserted bids
The first auction, in May 2020, started from a minimum price of 1,343,086.08 euros, but was left deserted. In 2021, it was reduced by 25%, down to 1,007,314.56 euros, but there were still no buyers. Now, five years later, the council is trying again with a price 34% higher than the first bid.
The new procedure was initiated on July 7, according to municipal documentation. The City Council hopes that the current real estate context, with increasing demand in Marbella, will attract investors this time.
Another plot in Artola Alta is also up for auction
This sale is in addition to a plot in Artola Alta, which has also been put up for sale for the third time a few days ago. It consists of just over 8,000 usable square metres, where 44 homes could fit, according to the bidding documents. The starting price is 2.8 million euros.
Between both operations, the City Council could receive nearly five million euros, a relief for municipal finances at a time when extraordinary income is needed.
What it means for the residents of La Montúa
The La Montúa urbanisation, a consolidated residential area in Marbella, will see how these plots, until now undeveloped, could be transformed into new homes or facilities. Residents will need to stay alert to the urban development that is proposed, although there are currently no concrete projects.
The sale of these plots, in an area with abundant vegetation and slope, will require an urban viability study before any construction. The City Council has not specified the future use, but as it is urban land, it could be allocated for single-family or terraced homes.
The deadline for submitting bids ends in 30 working days from the publication on the contractor's profile. Interested parties can consult the terms on the municipal website.
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