Los Naranjos Property Prices 2026: Notarial EUR/m2 in the Golf Valley Heart

In Los Naranjos, the registered sale price, what buyers actually paid at the notary, averaged 5,648 EUR/m2 across all property types in June 2026, with apartments at 4,574 EUR/m2, resale villas at 6,923 EUR/m2 and new-build villas at 7,952 EUR/m2 (listyco notarial data, 2026-06, Consejo General del Notariado). Those are real closing prices, not asking prices, which is why they sit below the headline figures buyers see in listings. Los Naranjos is the western anchor of Nueva Andalucia’s Golf Valley, built around a Robert Trent Jones Sr championship course, and it carries the highest registered villa figure among the golf pockets.

What did property actually sell for in Los Naranjos in 2026?

Registered notarial sales in Los Naranjos for June 2026 show an average of 5,648 EUR/m2 across all property types (listyco notarial data, 2026-06, Consejo General del Notariado). The breakdown across property types:

Property type	Registered price (EUR/m2), Los Naranjos, June 2026
All property types	5,648
Apartments	4,574
All villas	7,027
Resale villas (villa_old)	6,923
New-build villas (villa_new)	7,952

Source: listyco notarial data, 2026-06 (Consejo General del Notariado). These are the prices recorded at the notary when a deed is signed, the most reliable public signal of what a home in this Golf Valley pocket actually changed hands for.

The villa figures tell the story. Resale villas register at 6,923 EUR/m2, well above the apartment figure of 4,574 EUR/m2, reflecting the larger plots, private gardens and golf-frontage positions that distinguish the villa stock from the apartment complexes set back from the course. New-build villas register higher still at 7,952 EUR/m2, and unlike many neighbouring pockets where the new-build figure is n/a because too few transactions registered, Los Naranjos has seen enough new-build villa sales this month to produce a reliable figure. That new-build premium reflects the turnkey redevelopment pattern that has reshaped the pocket: buyers acquire older frontline-golf properties, demolish them, and rebuild contemporary villas on prime plots.

What kind of place is Los Naranjos and who buys there?

Los Naranjos is the westernmost golf-course urbanisation in Nueva Andalucia’s Golf Valley, the band of real estate that stretches north from Puerto Banus toward the AP-7 motorway. The zone is organised around the Los Naranjos Golf Club, an 18-hole championship course designed by Robert Trent Jones Sr and opened in 1977 (Los Naranjos Golf Club, official history). The Banus company, developers of Nueva Andalucia, commissioned Jones to design a second course on the estate, north of the existing Las Brisas course, on 70 hectares of rolling land with a river running through it and an orange grove that gave the course its name. The course quickly earned a reputation for championship golf, hosting the Spanish Open, the World Cup and, in 2021, the Andalucia Costa del Sol Open de Espana, the Women’s Spanish Open, for the first time in its history.

The urbanisation around the course is a mature mix of frontline-golf villas, secondary-street detached houses and low-rise apartment complexes, all within a few minutes’ drive of Puerto Banus. The streets are lined with established palms and the orange trees that echo the golf club’s heritage, giving the zone a greener, more planted feel than the newer developments on the valley’s northern edge. The clubhouse, restaurant and pro shop form the social centre, and the nearby commercial area at Centro Plaza, on the boundary with Aloha, provides day-to-day amenities including supermarkets, cafes and a pharmacy.

The buyer profile is specific. Los Naranjos draws golf-led second-home owners and relocators who want course views and championship-level play within walking distance, and who are willing to pay the premium that the pocket’s villa stock now commands. UK and Scandinavian buyers form the dominant international cohort, with a steady Belgian and Dutch contingent, alongside Spanish families who value the mature gardens and the short commute into Marbella. The buyer here is paying for direct golf-course frontage, established landscaping and the pocket’s position at the heart of the Golf Valley, not for frontline beach or for maximum plot size. For the wider Nueva Andalucia context, including how Los Naranjos fits among the golf pockets, see the Nueva Andalucia price guide.

What drives prices in Los Naranjos?

Three factors move the EUR/m2 figure up or down in this pocket, and understanding them is the key to reading the registered average.

Golf-course frontage. The strongest price driver in Los Naranjos is direct fairway frontage. Properties on the edge of the Robert Trent Jones Sr course, with unobstructed views across the fairways and the established tree canopy, command a clear premium over the secondary streets behind. The resale villa figure of 6,923 EUR/m2 reflects this stock, which carries the large gardens and pool settings that define the Golf Valley lifestyle. The apartment figure of 4,574 EUR/m2 captures the complexes set back from the course, which trade course proximity for lower entry prices and still sit within walking distance of the clubhouse.

Turnkey villa redevelopment. Unlike neighbouring golf pockets where the new-build villa figure is n/a, Los Naranjos registers a reliable new-build villa price of 7,952 EUR/m2. This reflects a distinct pattern: the zone’s prime frontline-golf plots are so valuable that buyers are demolishing older properties and rebuilding contemporary villas rather than developing fresh land. The planning constraints around the golf course limit peripheral expansion, so the new supply comes through redevelopment, not greenfield construction. This pushes the pocket’s ceiling upward and explains why the villa figures sit above every other Golf Valley pocket on the same notarial measure.

Golf Valley centrality and accessibility. Los Naranjos sits at the western end of the Golf Valley, with Aloha immediately to the east and Las Brisas beyond it. Its position gives buyers access to three private clubs within a few minutes’ drive, plus the commercial amenities at Centro Plaza. The zone is a five-minute drive from Puerto Banus and a ten-minute drive from Marbella town centre along the coastal highway. This accessibility sustains demand: a buyer who wants golf-course living with a choice of clubs and restaurants nearby, without committing to a single gated development, tends to land in Los Naranjos. The trade-off is that the zone lacks the beachfront access of the Marbella Golden Mile or the elevation and sea views of Nagueles, so its price ceiling stays below those prime coastal zones.

How does Los Naranjos compare to its neighbours?

Los Naranjos sits at the western end of the Golf Valley and at the top of its price range, and the registered data makes the relationship clear.

To the east, Aloha is the middle pocket, built around the 1975 Aloha Golf Club, with a tighter apartment-to-villa price range and a denser tree canopy from nearly 50 years of established planting. Aloha’s registered figures sit below Los Naranjos on the same notarial measure (listyco notarial data, 2026-06, Consejo General del Notariado). The difference is the redevelopment premium: Los Naranjos has seen more turnkey villa rebuilding, which pushes the villa and new-build figures higher. A buyer choosing between the two weighs Los Naranjos’s newer, higher-priced villa stock against Aloha’s mature green setting and more contained price range.

To the south, La Campana sits between San Pedro and central Nueva Andalucia, a residential neighbourhood without golf-course frontage that registers well below the golf pockets on the same notarial measure. The price step from La Campana to Los Naranjos reflects the golf-course premium: a buyer moving from a residential street to a frontline-golf position pays a clear premium for the fairway views, the established landscaping and the club membership lifestyle.

For buyers looking beyond the Golf Valley, Rodeo Alto and Guadaiza covers the eastern edge of Nueva Andalucia, a zone where apartments dominate and the registered average sits well below the golf-course pockets, offering a value entry point into the same wider area.

Why are registered prices lower than asking prices and valuation estimates?

Registered notarial prices sit below both asking prices and valuation estimates because they capture every signed deed across the full transaction mix, including older resales and transfers, rather than the prime, newly listed stock that drives the headlines. A model estimate from listyco market-stats places current Los Naranjos valuations around 7,998 EUR/m2 (model estimate, not a sale price), with high confidence across 580 property valuations. Asking prices on portals run higher still (asking, not closing). The 5,648 EUR/m2 registered average is the figure that reflects completed sales.

What is notable about Los Naranjos is that the model estimate and the notarial average are closer than in most neighbouring pockets. The spread between the two is narrower, which suggests that the registered sales are weighted toward higher-quality, recently redeveloped stock rather than older apartments that trade at a discount. A buyer who anchors a negotiation to the 5,648 EUR/m2 registered average, then adjusts upward for a frontline-golf position or a turnkey renovation, works from what the market did rather than what it hopes to do.

What local infrastructure supports the Los Naranjos market?

Marbella municipality recorded a population of 160,478 in 2025, with 49,813 foreign nationals resident (Instituto de Estadistica y Cartografia de Andalucia, SIMA). The municipality logged 4,743 property transactions in 2024, split between 377 new-build and 4,366 resale transactions (SIMA), showing a market dominated by existing stock rather than new construction, a pattern that reinforces the redevelopment dynamic in Los Naranjos.

The Tinsa Marbella municipal average stands at 3,641 EUR/m2 for Q1 2026, up 20.53 per cent year-on-year, against a national average of 14.5 per cent and an Andalusia average of 10.3 per cent (Tinsa, IMIE Mercados Locales, Q1 2026). The latest Tinsa local markets report, for the second quarter of 2026, shows a national year-on-year increase of 15.2 per cent (Tinsa, IMIE Mercados Locales, Q2 2026). The INE Housing Price Index for Q1 2026 recorded a 12.9 per cent year-on-year increase, with second-hand housing at 13.5 per cent and new build at 9.1 per cent (INE, IPV Q1 2026). Los Naranjos’s registered average of 5,648 EUR/m2 sits well above the Marbella municipal average, reflecting the golf-course premium that the Golf Valley commands over the wider municipality.

For buyers weighing the full cost of a purchase, the cost of buying guide breaks down the transfer taxes, notary fees and legal costs that apply on top of the purchase price. For the investment perspective, the Marbella rental yields guide covers how golf-front villas and apartments perform across the seasonal rental market.

How should a buyer read these numbers?

Anchor your negotiation to the 5,648 EUR/m2 registered average: it is what comparable homes actually closed at. Treat asking prices as the seller’s opening bid and the model estimate as a valuation guide for the standing stock. A buyer who starts from the registered figure, then adjusts upward for a frontline-golf position, a renovated interior or a larger garden, works from what the market did rather than what it hopes to do. The new-build villa figure of 7,952 EUR/m2 is not an aspirational listing price; it is a registered sale average, which means buyers are genuinely completing transactions at that level for turnkey redeveloped stock. That is a stronger signal than any portal headline.