Mayte Garcia and Olivia Valere

wedding gift: The late star, who bought the villa in 1998 as a wedding gift for his then wife, the dancer Mayte Garcia, sold it in 2006, according to The Toronto Star. The house is very glam, very luxurious, but also very flashy; it a bit outdated in that sense—the location isn’t perfect either, said Olivia Valere, a nightclub owner who knew Prince when he vacationed in Marbella in the late 1990s and who dined at the house of the star. The salmon-coloured villa, overlooking the Mediterranean with its outdoor jacuzzi and two-level master bedroom suite, boasts a colonial-style double staircase with white marbled balustrades sweeping down to a chandeliered entrance hall, and carries a price tag of 5.25 million euros , according to real estate broker Engel & Volkers, which is marketing it. Valere, whose nightclub Prince would visit to play music, said, I don’t think he was well advised on that deal — it not for the jet set. Buyers are gravitating toward more elegant homes in such exclusive areas of Marbella as Sierra Blanca or La Zagaleta, said Valere. The failure to find a buyer may show a shift in the taste for luxury homes and comes even as the market for high-end real estate in Marbella, and Spain generally, is on the rebound as the country economic fortunes improve and its sunny coasts retain their lure as a playground for the world wealthy. (news.financializer.com). As reported in the news.