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Contact person: Costasol Properties
+34639500976 Send an e-mail
Listed by: Costasol Properties
Rating:

Distressed, Investment, Luxury, Reduced, Resale

Posted 07.06.2020
35 views
Ad type: Residential
Property type: Villa
Location: Malaga, Marbella
Sale price 18000000 EUR
≈21073039 USD
≈18000000 EUR
Details:
Size: 23680 SqFt
Plot size: 48437 SqFt
Floors: 1
Bedrooms: 13
Bathrooms: 13
Price / SqFt: ~ 760 EUR

Advanced options

View of water
View of landmark
Covered parking
Security
Balcony
Built-in kitchen
Built-in wardrobes
Central A/C & heating
Maid`s room
Private garden

Description

UNIQUE INVESTMENT OPPORTUNITY! Priced to sell reduced from €25M, and undoubtedly the best value beachfront property available on the Golden Mile, making this an outstanding and rare investment opportunity to add substantial value with a top-end interior renovation to match the unique architecture and stonework of this large palatial property. Located in an elevated front line Beach position enjoying uninterrupted views over the Mediterranean Sea and Puerto Banus, and built in the early eighties for the Saudi Arabian Royal family, this property has been partially refurbished by the current owner since 1997, but the interior will benefit from a full renovation / modernization, and the combination of its unique exterior with a modern luxury interior will make this property an exceptionally desirable luxury mansion in the very top bracket of beachfront properties on the Costa del Sol. Accessed by 2 sets of double gates and gate houses serving as separate apartments via a beautiful large courtyard with fountain and gardens, the main house offers an impressive entrance hall with triple-height ceiling and big "wow factor", 9 bedrooms with en suite bathrooms, main reception room with working fireplace, large open plan lounge area, seating room with bar, music room, formal dining room, playing room with sauna area, exterior summer dining with pergola and barbecue area, professionally fitted kitchen with preparing room, office, laundry room, 2 guest cloakrooms, large terraces as well as 2 walk-in fridges and a vault. The huge master suite enjoys a dressing hall, a large bathroom with separate bath and shower as well as endless terraces. Further includes 3 guest bungalows offering a total of 5 bedrooms with en suite bathrooms and 3 open plan kitchens with living room area. Finally, this palace offers staff quarters and 4 private garages with and lots more parking within the premises. Tiled in marble and carpet throughout, this palace is fitted with individual A/C, hot & cold, alarm system, bullet proof windows, satellite TV and telephone. A Truly unique home built on 3 levels with direct beach access from its magnificent mature garden with automatic irrigation and an elegant split level swimming pool for adults and children.

Price to sell reduced from €25,000,0000 and now again from €19,950,000, making this architectural gem a genuinely outstanding investment opportunity for a top-end renovation project, or even as a boutique hotel, and undoubtedly the best value beachfront property on the Golden Mile.
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