7-bed Villa in Vélez-Málaga
€1,750,000€3,507/m²
Vélez-Málaga, Málaga, Spain
7
bedrooms
7
bathrooms
499 m²
interior
8,682 m²
plot
Villa
property type
Today
listed
About this place
Discover the epitome of serenity at our beautifully renovated old watermill, built in 1651 renovated 2022, nestled in the heart of the countryside. This enchanting property offers a unique blend of rustic charm and modern luxury, providing the perfect setting for a peaceful escape.
This property has an ongoing business of retreat to organisations such as yoga. Great possibility to develop the business. 7 bedrooms and 16 beds, private pool, fruit trees, sound of water from the creek Rio Guaro, patio with outdoor kitchen, large dining area in- and outside, living room with open fireplace. A place to reflect and learn.
50 minutes from Malaga and 20 minutes from Velez-Malaga.
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
