This is the 13192nd most frequent Spanish word.
privilegiada
Privilegiada: privileged; enjoying special rights, advantages, or opportunities.
Here, 'privilegiada' means 'privileged', referring to an advantageous or favorable attribute, specifically the proximity to the beach.
Ella vive en una posición privilegiada cerca de la playa.
She lives in a privileged position near the beach.
In this phrase, 'privilegiado' describes 'acceso', pointing to special permissions or exclusive rights.
El acceso privilegiado permitió que él entrara antes que los demás.
The privileged access allowed him to enter before others.
'Privilegiadas' here describes the exceptional or notable quality of the mountain views.