2 Bedroom Land For Sale In Istán
€899,000€1,030/m²
Andalusia, Spain
2
bedrooms
2
bathrooms
873 m²
interior
Land
property type
1 week ago
listed
About this place
Exceptional Development Opportunity with Boutique Hotel Potential near Marbella Hidden within the spectacular landscapes surrounding Lake Istán, this remarkable development opportunity combines privacy, breathtaking scenery and exceptional investment potential just minutes from Marbella and Puerto Banús. The property occupies approximately 30,000 square metres of land and includes an existing structural shell of approximately 873 square metres. Originally conceived as a luxury private residence, the project offers outstanding flexibility for a new owner to redesign and complete it according to their own vision, subject to obtaining the necessary planning permissions and licences. The elevated position enjoys uninterrupted views across the lake, mountains and the protected Sierra de las Nieves Natural Park, creating a setting rarely found so close to the Costa del Sol's most prestigious destinations. Despite its peaceful surroundings, Puerto Banús, Marbella, international schools, golf courses and the Mediterranean coastline are all within easy driving distance. Beyond the creation of an exceptional private estate, the scale of the property and its privileged natural environment present an exciting opportunity to explore alternative concepts such as a boutique hotel, luxury wellness retreat, private members' residence or exclusive hospitality project, subject to all necessary approvals. Development opportunities of this size and location rarely become available, making this a unique acquisition for visionary investors seeking to create an iconic destination in southern Spain.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
