Investment opportunity! Parklike estate with 4 buildings on nearly 19.000 sq. meters plot in Los Picos, next to Sierra Blanca

6.950.000 € Previous price 8.500.000 €
Ref:   R4137115
Location:   Marbella
Area:   Marbella Golden Mile
Subarea:   Sierra Blanca
Type:   Villa
Bedrooms:   10
Baths:   10
Built:   1.073 m²
Plot:   18.785 m²
Contruction year:   1987

INVESTMENT OPPORTUNITY! This estate is classified as a ‘finca rustica’ and with the recent (2021) change in the law in Andalucia governing these types of properties you are now allowed to demolish the house and build a completely new one, as long as the built surface is maintained. This means that this estate is now a huge investment opportunity for either an investor wanting to do so and resell it, or for the discerning owner wanting to create a dream property within one of the best addresses you can get in Spain! And that in an urbanisation where villas have recently sold with prices up to 12 million euros!

Villa Los Picos is located within the gated Los Picos estate, next to Sierra Blanca, Marbella’s answer to Beverly Hills. It is set on one of the largest plots of land in the urbanization, almost 19.000 square meters, offering the utmost of privacy. After entering the impressive gates a sweeping driveway takes you to the main house from where there is parking for several cars and you can enter the houses or the terrace areas with its large swimming pool. The grounds have manicured park-like garden areas, a small lake, and also a substantial part of untouched nature. Villa Los Picos currently consists of 4 buildings; the main house built on 2 levels with entrance hall, formal living room, dining room/informal living room, bar, kitchen, breakfast room, cloakroom, master bedroom suite and a guest bedroom suite upstairs, and a guest bedroom and bathroom downstairs. There is a one storey building by the pool now used as office. And a building on 2 levels with 4 bedrooms suites, 2 upstairs and 2 downstairs, all with terraces or direct access to the garden. And finally another guest house suitable for staff with a living room, kitchen, 3 bedrooms and 2 bathrooms.

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Property features
  • Ref: R4137115
  • Location: Marbella
  • Area: Marbella Golden Mile
  • Subarea: Sierra Blanca
  • Type: Villa
  • Bedrooms: 10
  • Baths: 10
  • Built: 1.073 m²
  • Plot: 18.785 m²
  • Contruction year: 1987
  • Pool: Private
  • Garage: Private
  • Ibi: 2.050 € yearly
  • Community: 1.373 € monthly
  • Garbage: 278 € yearly
  • Living room
  • Close to town
  • Separate apartment
  • Sea view
  • Guest apartment
  • Mountain view
  • Office room
  • Underfloor heating (throughout)
  • Automatic irrigation system
  • Laundry room
  • Covered terrace
  • Partial sea views
  • Fitted wardrobes
  • Gated community
  • Internet - Fibre optic
  • Garden view
  • Mountainside
  • Air conditioning
  • Underfloor heating (bathrooms)
  • Fully fitted kitchen
  • Utility room
  • Fireplace
  • Close to sea / beach
  • Guest room
  • Separate dining room
  • Storage room
  • Alarm
  • Optional furniture
  • Excellent condition
  • Dining room
  • Good condition
  • Barbeque
  • Security service 24h
  • Guest toilet
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