Location: Costa Brava, Spain
January 1, 2008
For those who take pleasure in flaunting wealth as much as spending it, the south of Spain offers no shortage of congenial venues. Gilded playgrounds such as Marbella in Costa del Sol swarm with paparazzi who will happily memorialize your night of club-hopping in the local tabloid.
But take a day’s drive up the autopista toward France and you will find an altogether different Spanish splendor. In northeast Spain’s Costa Brava, a safe remove from Marbella’s blinding flashbulbs, the idea is to see and not be seen. "People who buy here are looking for privacy and seclusion," says Tom Maidment, an agent with the Lucas Fox real estate agency in Barcelona.
Part of the historical Empordà region of Catalonia, Costa Brava covers roughly 120 miles from the French border to the coastal town of Blanes, located about 40 miles north of Barcelona. Influences of the ancients—Greeks, Romans, Visigoths, Franks and Moors—are evi-denced by way of speech, custom and design. But it is better known for its jagged and rocky outcroppings, which give Costa Brava—wild shore in both Spanish and the local dialect, Catalan—its name.
Real estate in the Baix Empordà, located in the region’s far south, tends to be pricier due to its proximity to Barcelona, to say nothing of its sandy inlets and secluded coves. Although, since the beginning of 2007 the market has normalized following increases of as much as 130 percent over a five-year period, according to a research report by Engel & Völkers, one of Europe’s top real estate agencies. Currently, a typical four-bedroom sea-view villa ranges from €1.3 million to €10 million (about $2 million to $15 million), says Christoph Toelle, an Engel and Völkers’ agent for the region.
Also located within the Baix Empordà district is the "golden triangle," a highly desirable area which borders the medieval coastal village of Begur in the north, Calella de Palafrugell in the south and La Bisbal inland. Like a page out of a picture book, its coastline consists of cove beaches, brightly colored fishing boats and hillsides filled with whitewashed villas. New construction on a 3,500- to 5,000-square-foot home in this area ranges from €2 million to €5 million ($2.9 million to $7.3 million), says Toelle. "Front-line" homes, meaning those with unimpeded views of the sea, start about €2.5 million ($3.6 million). But these properties—such as the 10-bedroom, 5,400-square-foot cliffside home listed with Engel & Völkers for €3.79 million ($5.5 million)—are often older and require some renovation. "What you’re buying is the view, which is absolutely breathtaking," says Toelle.
On nearby Cap de Begur, a newly built, architect-designed modernist villa with a heated, infinity-edge pool that disappears into the Mediterranean is listed with Lucas Fox for €1.9 million ($2.7 million). At 2,600 square feet on a quarter-acre lot, the tri-level hillside home is, by most standards of luxury, rather small. But here, the number of degrees one has in their field of view to the sea matters more than lot size. The home’s glass-walled living room opens to the Sa Riera bay, and affords views of the Islas Medes in the distance. In addition to the property’s engaging vistas, amenities include wireless broadband, integrated radio and automatic sunshades.
South of the golden triangle in S’Agaro, the historic gated community of La Gavina offers one of the region’s most high-profile addresses. But a secluded view to the beach at Sa Conca comes at a price. "A 5,000- to 15,000-square-foot home on a third- to quarter-acre lot runs between €5 million and €15 million [$7.2 million to $21.8 million]," says Isabel Casaos of the London-based John Taylor real estate agency. "With demand high and inventory limited, even buyers for whom money is no object must often secure a spot on a wait list to purchase a slice of S’Agaro."
North in Alt Empordà, small coastline homes ranging in size from 2,000 to 2,600 square feet, sell from €1 million to €10 million ($1.46 million to $14.6 million), says Frank Stefes, the Alt Empordà agent for Engel & Völkers. A typical manse is 15 years old and minimalist in style with a view of the sea and—depending on the steepness of the terrain—a pool. The most exclusive real estate is in Cadaqués, the tiny and picturesque seaside village near Port Lligat, where Salvador Dalí lived in a fisherman’s hut in the 1930s that he decorated to suit his eccentric tastes. Today, one of those waterfront homes might go for upwards of €5 million ($7.1 million) unrenovated.
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