Exceptional Development Opportunity Near Marbella
€899,000
€1,030/m²
- 2
- Bedrooms
- 2
- Bathrooms
- 873 m²
- Interior
- Land
- Type
- 31 Aug 2026
- Listed
The Habio take
This 30,000 square metre plot near Marbella offers a rare chance for development with stunning views. Surrounded by the natural beauty of Lake Istán and the Sierra de las Nieves, it presents ideal potential for a boutique hotel or luxury retreat.
- investment
- luxury
- mountains
- countryside
- golf
Highlights
- 30,000 square metre plot
- 873 square metre structural shell
- Breathtaking views over Lake Istán
- Potential for boutique hotel or retreat
- Minutes from Marbella and Puerto Banús
- Surrounded by natural beauty and amenities
Worth knowing
- Planning permissions required for any development
- Existing structure may need extensive renovations
Good fit for: Ideal for investors looking to create luxury hospitality projects.
Lifestyle scores
- Beach
- 60
- Walkable
- 30
- Remote work
- 60
- Family
- 40
- Retirement
- 70
- Airport access
- 70
- Investment
- 85
- Luxury
- 80
- Value
- 65
About this place
Discover a remarkable development opportunity nestled within the breathtaking landscapes surrounding Lake Istán. This unique plot spans approximately 30,000 square metres and includes an existing structural shell measuring about 873 square metres. Originally intended for a luxury private residence, the design offers exceptional flexibility for a new owner to complete it according to their vision, pending necessary planning permissions and licences.
The elevated position of the property provides uninterrupted views across the serene lake, majestic mountains, and the protected Sierra de las Nieves Natural Park, creating a setting that is rarely found near the prestigious destinations of the Costa del Sol. While privacy and tranquillity are assured, the vibrant life of Puerto Banús, Marbella, international schools, golf courses, and the Mediterranean coastline are all within a short drive.
Beyond establishing an exclusive private estate, the expansive size and enviable surroundings open exciting possibilities for alternative concepts such as a boutique hotel, luxury wellness retreat, private members' residence, or exclusive hospitality project, all subject to obtaining the appropriate approvals. Such development opportunities in this prime location are a rarity, making it a distinctive acquisition for visionary investors eager to craft an iconic destination in southern Spain.
Where you’ll be
Istán, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
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
