For sale · Costa del Sol · Istán
Available6-Bed Villa for Sale in Istán
€4,950,000
6 beds · 7 baths · 877 m² built · 129127 m² plot
Ref HT5476747Updated daily · Last sync 27 October 2026
About this property
Overview
Six-bedroom villa with private pool in Istán, Costa del Sol. This 877-square-metre residence sits on a private 25,456-square-metre peninsula extending into the Embalse de la Concepción reservoir, with the full estate spanning 129,127 square metres across seven adjoining plots. The southwest-facing position delivers panoramic views across the lake and mountains, with sightlines reaching the Mediterranean, Gibraltar and North Africa on clear days.
The villa spreads across two floors and includes seven bathrooms, two guest toilets, and 717 square metres of terraces surrounding a 62-square-metre swimming pool. Built in 1997, the property requires full renovation but offers substantial scope for reconfiguration. The proposed layout incorporates a gym and spa alongside the six bedroom suites, with generous living and entertaining areas designed to capitalise on the water and mountain views. The terraces wrap around multiple elevations, creating outdoor spaces that follow the sun throughout the day whilst overlooking the reservoir below.
The estate occupies an elevated position in the mountains above Marbella, surrounded by water on three sides where the peninsula projects into the lake. Istán village centre lies 4 kilometres to the north, whilst the property sits 15 kilometres from Marbella's coastal centre and 12 kilometres from Puerto Banús. The reservoir itself forms part of the protected Sierra de las Nieves landscape, with hiking trails accessible directly from the estate's boundaries and the lake providing a natural buffer from neighbouring development.
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Features
What this home includes
- Pool
- Terrace
Property details
Specifications
- Property type
- Villa
- Subtype
- Detached villa
- Bedrooms
- 6
- Bathrooms
- 7
- Built area
- 877 m²
- Terrace
- 717 m²
- Plot size
- 129127 m²
- Pool
- Yes
- Orientation
- southwest
- City
- Istán
- Province
- Málaga
- Coast
- Costa del Sol
Location
Istán
Map shows the approximate Istán area. Exact address provided upon request. This property is in IstánCosta del Sol.
Real Club de Golf Las Brisas
21 mindrive
Puerto Deportivo Virgen del Carmen, de Marbella
25 mindrive
Hospital Recoletas Salud Marbella
23 mindrive
Málaga Airport (AGP)
69 mindrive
9 questions answered
Buying this villa in Istán
Can foreigners buy property in Istán?
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in Istán. You will need a Spanish NIE (foreigner tax number) before signing the title deed, plus a Spanish bank account for the transfer. The full purchase typically completes 6 to 10 weeks from signing the reservation contract.
What is an NIE and how do I get one?
The NIE (Número de Identificación de Extranjero) is your Spanish tax ID and is mandatory for buying property, opening a bank account or paying taxes. You can apply at a Spanish consulate in your home country or in person in Spain. Your lawyer can also obtain it on your behalf with a power of attorney, typically 2 to 4 weeks.
Do I need a Spanish lawyer?
Strongly recommended. An independent lawyer (abogado), separate from the agent and seller, verifies title, checks for debts and planning issues, drafts contracts and represents you at the notary. Typical fee is 1% of the purchase price plus VAT, with a minimum around €1,500.
How long does completion take?
From accepted offer to keys: 6 to 10 weeks for a resale, 30 to 45 days from reservation if no mortgage is needed. New-build off-plan completes when the development is delivered, often 18 to 36 months after reservation, with staged payments along the way.
What taxes will I pay buying a property in Istán?
Resale property in Andalucía: ITP (transfer tax) at 7%. New-build: 10% IVA + 1.2% AJD (stamp duty). Plus notary, land registry and legal fees of roughly 1 to 2%. Budget 10 to 13% on top of the asking price for total acquisition costs.
What ongoing costs should I expect?
Annual IBI (council tax) is typically 0.4 to 1.1% of cadastral value. Community fees on apartments and gated villas range €100 to €600/month depending on amenities. Non-resident owners pay an annual income tax based on cadastral value, plus utilities and home insurance.
Are agent fees paid by the buyer or seller?
In Spain the seller pays the agent commission (typically 3 to 6% + VAT), already baked into the asking price. Buyers do not pay agent fees on resale or new-build.
Can non-residents get a Spanish mortgage?
Yes. Spanish banks lend to non-residents at typical LTVs of 60 to 70% of the lower of purchase price or valuation (vs 80% for residents). Rates are competitive with the rest of the eurozone. You will need 6 months of bank statements, tax returns and proof of income, pre-approval takes 2 to 4 weeks.
Should I get pre-approval before viewing?
Recommended for serious buyers. A mortgage in principle confirms your budget, signals credibility to sellers and shortens completion. We can introduce you to specialist non-resident mortgage brokers familiar with the local market.
