The western town of the municipality, about ten kilometres from Marbella centre and immediately west of Puerto Banús.
Administratively Marbella, in practice its own town: a real centre with a square and a market, a boulevard built over the old through-road, and a beach that is used by people who live there rather than by people visiting. The expensive stock sits at the edges rather than the middle. Guadalmina Baja on the sea side carries the large flat plots, Guadalmina Alta the smaller ones inland, and Cortijo Blanco fills the ground between the town and the sand.
Counted here with its sub-areas: Guadalmina Baja, Guadalmina Alta, Cortijo Blanco, San Pedro Playa

Counted from 49 distinct homes asking €3,000,000 or more, deduplicated across the agencies listing them, 3 of which are on the market with more than one firm at once. 34 of the 49 come from a source that dates its listings individually; the rest publish one timestamp for the whole catalogue, so their prices are current but their edit dates are not evidence. Every figure is the agency's own asking price, linked above.
Numbers from the linked sources, dated as marked. Asking is not getting, for what sellers actually achieve, the catalogue keeps receipts.