The dossier · SP1819Avena Score 51 · scored this morning
New Build Luxury Ground Floors and Penthouses in Elviria Hills, Marbella East in Marbella, Málaga
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Penthouse · Marbella, Málaga· Costa del Sol

New Build Luxury Ground Floors and Penthouses in Elviria Hills, Marbella East

by Via Avena Estate

850,000

Under construction · Completion 2028-Q3

Observed price record

Observed by Avena at €850,000, unchanged across 2 checks since 21 August 2026.

Source: Avena daily capture · 21 August 202622 August 2026

Avena Score
51
Rank #42 of 89 in Marbella, Málaga
You save
136,250
14% vs marketWhat this meansThis property prices at 6,800/m² versus the Marbella, Málaga town median of 7,890/m². The gap is the discount — vs local market, not vs asking price.Why the gap existsMost Avena deals stack two sources of value:· Developer-direct — sourced from the developer, not via retail agencies, so the listed price excludes the 5–10% middleman markup.· Below comp — the unit itself prices under the town median €/m², either because the developer is moving inventory or the comp mix favours larger/older stock.Stacked, that's typically 10–25% below what the same square metre would cost on idealista or a retail portal.Full methodology →
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Key statistics.

Price
€850,000
Bedrooms
3
Bathrooms
2
Built m²
125
Price / m²
€6,800
Beach
2 km

Investment sub-scores.

Value 40%70
Yield 25%20
Location 20%37
Quality 10%83
Risk 5%55

Estimated rental yield.

Gross yield
2.1%
Net 0.9%
Annual income
17,696
Net €7,928
Weekly rent
1,106

What this assumes

16 rental weeks a year (112 nights, 31% annual occupancy) at €158/night. Short-term letting rates and occupancy for Marbella are sourced from Estimated; a 20% new-build premium is applied to the nightly rate. Summer alone is roughly 11 weeks, so this figure assumes the shoulder season lets as well.

Gross yield is before costs. Net yield deducts 10% vacancy, 15% management, community fees, insurance, IBI and 19% non-resident tax — the full breakdown is in Terminal. Every figure here is an estimate from market data, not a guaranteed return, and a tourist licence is required to let short-term in most municipalities.

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