Luxury Properties for sale in Costa Smeralda

320 luxury properties are currently listed along the Costa Smeralda, the stretch of northeastern Sardinia that has defined Mediterranean luxury real estate for over sixty years. Porto Cervo, Cala di Volpe, Baia Sardinia and Porto Rotondo form the backbone of a market that competes directly with Saint-Tropez and Mykonos, not just in prestige but in price. The reason supply stays tight is structural: the Costa Smeralda Consortium imposed strict building limits decades ago, and those limits have never been relaxed. New construction is nearly impossible. What this means for buyers is straightforward: properties here do not depreciate in desirability. The market offers villas, apartments and serviced residences, all within a coastal landscape that remains one of the most protected in Europe.

Luxury property prices on the Costa Smeralda

Prices range from €295,000 to €65,000,000, with an average of €4,536,757. Property sizes run from 42 to 8000 sqm. Direct sea views, walking distance to Porto Cervo and privacy from neighbouring plots are the three variables that drive price more than anything else. A property with private beach access can command double the value of a comparable one set back a few hundred metres inland. Against the French Riviera, the Costa Smeralda still offers better value at the larger end of the market. But that gap narrows every year. Short-term summer rental yields here rank among the highest in the Mediterranean, which makes the investment case even clearer.

Most sought-after areas on the Costa Smeralda

Porto Cervo anchors the whole market. The Piazzetta, the marina and the lanes of the old Stazzo village are reference points for international buyers from Tokyo to São Paulo. Cala di Volpe and the Abbiadori area carry a quieter character: smaller coves, lower building density and a more private feel. Baia Sardinia, further north, comes in at slightly lower price levels but delivers the same essentials, which is pristine water, high-end services and a well-established international community. Porto Rotondo has a more structured layout, built around a central square and a marina that draws sailing enthusiasts from across Europe. And just beyond the Consortium boundary, Palau and the La Maddalena Archipelago operate within the same premium market, for buyers who want something rawer and less curated.

Frequently Asked Questions

Why invest in luxury real estate on the Costa Smeralda?

Supply is capped by Consortium regulations and demand keeps rising. At an average of €4,536,757, the market is still competitive against Saint-Tropez and the Amalfi Coast, with real upside potential for seafront properties. Summer rental yields are among the strongest in the Mediterranean.

What is daily life like on the Costa Smeralda?

The peak season runs June through September, but Olbia airport connects year-round to major European capitals, making permanent residence practical. Porto Cervo, Porto Rotondo and Baia Sardinia offer Michelin-level dining, well-equipped marinas and an international community that brings energy to the coast every summer.

What makes the Costa Smeralda unique in the luxury property market?

It is the only stretch of Mediterranean coastline designed as a luxury destination from the ground up, with planning rules that have kept the architectural standard consistent for six decades. Pink granite cliffs, water clarity that rivals the Caribbean and near-total construction restrictions create a setting that cannot be replicated anywhere else in Europe.