Cerrado de Calderón is one of the most exclusive residential enclaves in Spain’s celebrated resort area of Costa del Sol.
In the eastern section of the City of Málaga, the capital of the province of the same name, Cerrado de Calderón is a relatively new uber-oasis.
It was carved out of pristine green space by developers only two decades ago, and now is home to more than 10,000 well-to-do residents, who are attracted by its down-to-earth atmosphere.
“It’s one of the most sought-after places in Málaga,” said Maria Lyoussi, a real estate consultant with Engel & Völkers Málaga.
Halfway between Málaga Town and the exclusive neighborhood of El Candado, Cerrado de Calderón is bordered on the south by Morlaco Park, on the north by Calle Altabaca and forestland that skirts the mountain range Montes de Málaga, on the east by Calle Arcángeles, and on the west by a long street that changes names from Calle Rodeo to Chopera, Alcaparrón and finally Matagallo.
At the luxury end, the average price for a single-family home in the neighborhood is around €800,000 (US$972,340), and buyers can expect to pay €1.5 million for the nicer houses, according to Hans Veenhuijsen, the managing director/broker at the Costa del Sol branch of Christie’s International Real Estate.
Noting that the average price per square meter in Cerrado de Calderón is €2,500, Ms. Lyoussi said prices for detached modern family homes that have a garden/plot of land typically are €1 million or more depending on location and condition of the property.
Mr. Veenhuijsen added that the highest price property currently on the market is €3.9 million.
Málaga’s mid-size-city attributes—first-class infrastructure, Mediterranean climate, well-kept beaches, a wide public transport network, tourist attractions, excellent schools, fine restaurants and shopping centers and outdoor and leisure activities—make it “possible for residents to enjoy all kinds of services without having to put up with the inconvenience of larger cities such as masses of people and heavy traffic,” she said.
Article Source: Mansion Global