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The Costa Smeralda is a coastal area and tourist destination in northern Sardinia, Italy, with a length of some 20 km, although the term originally designed only a small stretch in the commune of Arzachena. With white sand beaches, a golf club, private jet and helicopter service, and hotels costing up to US$2000–3000 per night in the peak season, the area has drawn celebrities, business leaders and other affluent visitors. In a study released by the European luxury real estate brokerage Engel & Völkers, Costa Smeralda is the most expensive location in Europe. House prices reach up to 300,000 euros per square meter.
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