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From the edge of his infinity pool in Sotogrande in southern Spain, Jacques Mosseri-Marlio has great views of some of continental Europe’s finest golf courses, not to mention the Rock of Gibraltar and the North African coast.

Sotogrande, a privately owned resort community, takes up 7.7 square miles between Marbella and Gibraltar. First developed in the mid-1960s, it soon became a golf destination and a getaway for Madrid’s professional elite. Now, amid a surge in investment, the area is experiencing a new wave of…