Villa for sale in Istán, Málaga

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Rare opportunity to acquire a detached house with panoramic lake, mountain and sea views in the highly sought-after area of Cerros del Lago, Istán, just minutes from Marbella, Puerto Banús and the Golden Mile.

This property is ideal for investors, developers, or buyers searching for a refurbishment project with strong revaluation potential in a privileged natural environment near Marbella. Properties with this level of privacy, open views and development potential are becoming increasingly difficult to find on the Costa del Sol at this price point.

The house requires refurbishment and modernization throughout, which is already reflected in the asking price, creating an excellent value-add investment opportunity. For the right buyer, this property offers the possibility to create a stunning permanent residence, holiday home, or high-return investment property close to Marbella.

One important aspect to consider is that access to the property includes more than 50 steps from the parking area. While this may not suit every buyer, it is precisely one of the reasons why the property offers exceptional value compared to other detached houses near Marbella with similar views and plot sizes.

Built on one level on a 520 m² plot, the property currently offers approximately 130 m² built and comprises 3 bedrooms, 2 bathrooms, guest toilet, a spacious living and dining area with a fireplace, semi-open kitchen, and a west-facing private garden with breathtaking open views over Lake Istán, the surrounding mountains, and the Mediterranean Sea.

The property also offers the possibility to extend the house or build a private swimming pool, subject to planning permissions, significantly increasing both lifestyle appeal and future market value. Residents additionally benefit from access to the community swimming pool and communal parking.

Cerros del Lago is one of the most attractive natural residential areas near Marbella, known for its tranquillity, privacy, hiking trails, cycling routes, kayaking and outdoor lifestyle, while remaining exceptionally connected to the coast.

Located only a short drive from Marbella town centre, Puerto Banús, Puente Romano, the Golden Mile, Nueva Andalucía and San Pedro de Alcántara, the property combines the peace of nature with immediate access to luxury restaurants, beach clubs, golf courses, international schools, shopping areas and all essential services.

An excellent investment opportunity near Marbella with panoramic views, privacy, renovation potential and prime location on the Costa del Sol.