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Unique Historic Finca with Event Venue in Otivar

€3,495,000€2,496/m²

Otivar, Granada, Spain

  • 1,400 m²

    interior

  • 5,590 m²

    plot

  • Farm

    property type

  • 3 weeks ago

    listed

The Habio take

AI summary

This exceptional finca offers 12 en-suite bedrooms and event facilities, nestled in the scenic hills near Granada and Almuñécar. With its development potential and income-generating history, this property is perfect for investors looking for a unique venture on the Costa Tropical.

  • investment
  • rental income
  • luxury
  • garden
  • pool
  • countryside

Highlights

  • 12 en-suite bedrooms
  • Established for wedding events
  • Private chapel on-site
  • Renovated with upgraded installations
  • Potential for further development
  • Multiple revenue options available

Worth knowing

  • Requires active management for event hosting
  • Location may not suit all lifestyle preferences
  • Further development subject to local regulations

Good fit for: Ideal for investors or those seeking a unique event venue with income potential.

Lifestyle scores

Beach
40
Walkable
30
Remote work
50
Family
60
Retirement
70
Airport access
60
Investment
80
Luxury
75
Value
65

About this place

Located in the picturesque hills between Granada and Almuñécar, this historic finca presents a remarkable opportunity for buyers interested in both private and commercial ventures. Dating back to 1492, the estate beautifully marries traditional Andalusian architecture with modern amenities, making it ideal for various uses, including a wedding venue.

The main residence encompasses around 962 m² and features 12 en-suite bedrooms alongside expansive social areas. This property has been successfully utilised as a “Casa Rural,” known for its potential to host events year-round. A standout feature is the private chapel, enabling on-site wedding ceremonies, which is particularly attractive in the premium market for such occasions.

The estate boasts extensive outdoor facilities, including a natural spring-fed swimming pool, Moorish gardens, a summer bar, and a tennis court, providing an exclusive atmosphere for events. In addition to the main residence, there are two other buildings: the Casa de la Puerta, which houses 5 bedrooms and 5 bathrooms, and a separate guest house that can accommodate staff or additional guests.

The former olive mill has been transformed into a versatile event space, which can also serve as a showroom or garage, further enhancing revenue potential. The property has undergone careful renovations while preserving its historic features and upgrading essential installations, ensuring it requires minimal future investments. With the possibility of further development within current regulations, this finca offers investors an exciting opportunity to expand their operations, whether by adding accommodation units or wellness facilities.

What this place offers

  • swimming pool
  • garden
  • parking
  • tennis court
  • furnished
  • solar panels

Where you’ll be

Otivar, Granada, Spain

Location is approximate — exact address is confirmed by the agent.

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Buying property in Spain

Full guide →

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

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