Finca/Country House for sale in Cancelada, Estepona, Málaga

Villa Dos Aguas sits in an exceptional lakeside position, framed by the Andalusian countryside. This Spanish cortijo blends authentic character with complete seclusion and strong potential for both private living and commercial ventures, making it far more than just a family home.
The estate is especially compelling as an investment. With eight bedrooms, expansive grounds, total privacy and an existing tourist rental licence, it is naturally suited to a boutique bed & breakfast or hospitality project. Its traditional Andalusian architecture, charming courtyard, gardens and lake views could equally host upscale private events, weddings, retreats or exclusive celebrations, subject to securing any extra licences or permissions for the chosen use.
Spread over more than 10,000 m² of mature gardens, the property captures the spirit of classic Andalusian life. The architecture revolves around a beautiful interior courtyard, while established planting and generous grounds create a peaceful, secluded atmosphere that is rare so close to the coast. A private driveway winds through the gardens to the main house, which is arranged mostly on one level.
Inside, eight generously proportioned bedrooms include six that open straight onto the central courtyard, linking the home’s different zones beautifully. A series of living and dining rooms throughout the residence reflects the warmth and character of a traditional Spanish cortijo.
The original architectural details, rustic finishes, and a characterful country-style kitchen have been carefully retained, lending the estate an authenticity that would be hard to replicate today. As it stands, Villa Dos Aguas is already impressive, yet it offers a new owner a remarkable chance to introduce a more contemporary level of luxury without compromising the property's traditional Andalusian character. With a thoughtful renovation and landscaping plan, the estate has the potential to become a truly outstanding country residence.
The outdoor spaces define much of the property's appeal. The swimming pool enjoys beautiful open views across the lake and the surrounding hills, set alongside expansive terraces, outdoor dining areas, and extensive gardens. The generous scale of the grounds allows ample room for creating additional landscaped zones, entertainment spaces, and lifestyle amenities. Separate staff accommodation further enhances both private living and the possibility of hospitality-oriented use.
Despite its serene countryside setting, the estate remains conveniently located just minutes from the prestigious Villa Padierna Palace Hotel and the surrounding golf valley, which includes Los Flamingos Golf, Alferini Golf, and Tramores Golf. This blend of natural surroundings, accessibility, and proximity to some of the Costa del Sol's most established luxury destinations adds significantly to its appeal.
Villa Dos Aguas is far more than a traditional country home. It has the scale, character, and versatility to be transformed into a spectacular private estate or developed into a distinctive hospitality and events venue. For an investor or private buyer seeking an authentic Andalusian property with substantial grounds, a privileged natural setting, and considerable potential for further enhancement, this is a rare opportunity.