4 Bedroom Building in Marbella
Description
CASA BALATA A Timeless Legacy: An exclusive property with exceptional investment potential in Marbella's historic Old Town Nestled in a quiet cul-de-sac within one of the most desirable areas of Marbella's Historic Old Town, this property offers a truly unique setting. Here, the tranquil silence perfectly blends with authentic Andalusian charm—characterized by picturesque streets of whitewashed houses, steps away from vibrant local cafes and restaurants.
On the rooftop, the property transforms into a small, private oasis. Featuring a lounge area and a plunge pool, the terrace is perfectly designed to enjoy Andalucia’s exceptional climate and warm, balmy nights all year round.
It also boasts rare, breathtaking views stretching across the mountains, the town, and the historic castle “La Alcazaba” (declared a Heritage Site of Cultural Interest in 1949). This versatile property represents an ideal investment opportunity.
It is perfectly suited for a boutique hotel, a charming aparthotel, or to serve as a luxurious primary or secondary residence for a large family seeking an unparalleled quality of life. Held by the same prominent local family for generations, the building underwent a meticulous, top-tier reconstruction in 2016.
By artfully preserving original structural elements, the property retains its invaluable cultural certification and soul, while offering the pinnacle of 21st-century luxury. This is more than just a property; it is a piece of Marbella’s living history, tastefully blended with the modern construction technique and sophistication just by Marbella Castle.
The Property at a Glance Location: Prime center of Marbella's Old Town—surrounded by vibrant bougainvillea, boutique shopping, and gourmet dining. Composition: Four independent luxury studios/suites plus a premium commercial space on the ground floor (formerly a successful restaurant).
Two studios of 30 m2 and two of 60 m2. All have small balconies, Spanish-style balconies, totaling 12.
100m2 roof-top terraces with views of the mountains, the city, and the castle. It also has a plunge pool.
The entrance level, entrance hall/reception area, and utility room comprise 30 m2. There is the possibility of creating three more studios by also utilizing the commercial space.
Year of Reconstruction: 2016. Built to the absolute highest European construction standards Technology & Security Fully integrated, advanced home automation (Smart home system) and state-of-the-art security systems throughout.
A Historic Connection and a nod to Marbella's Golden Age Features some exclusive, curated pieces of furniture sourced directly from the legendary Marbella Club, owing to the family’s deeply rooted involvement with the iconic resort since its grand inauguration. These elements inject an unmatched sense of quiet luxury, Old-World glamour, and authentic local history into the spaces.
A Perfect Fusion of Heritage and Innovation Every inch of this property whispers sophistication. The 2016 rebuild spared no expense, implementing advanced climate control, acoustic insulation, and high-end finishes while honoring the building's Andalusian heritage.
The Residences Four beautifully appointed Suites/ studioapartments offer bright, airy living spaces, contemporary kitchens, and elegant bedrooms. Flooded with natural light, they provide a peaceful sanctuary from the bustling town below.
The Commercial Space The ground level features a thriving restaurant space, boasting high foot traffic and an enchanting entrance that captures the romance of Old Town Marbella. Endless Possibilities & Investment Potential This versatile estate offers a rare flexibility, adapts to your vision, and presents multiple lucrative pathways: The Ultimate Boutique Hotel: Transform the building into a bespoke luxury boutique hotel.
The ground-floor premises serve as the perfect reception and signature restaurant, while the upper levels host guests seeking an authentic, upscale Marbella experience. High-Yield Rental Portfolio: Capitalize on Marbella's booming luxury tourism market by renting out the four premium apartments individually alongside a steady commercial lease from the restaurant.
A Generational Family Estate: Return the property to its roots as a grand family compound, catering to multiple generations under one roof while retaining an enviable private retreat in the center of the Costa del Sol. Value-Add Expansion Opportunity: The commercial premises offer the structural flexibility to be converted into three additional small studio apartments, maximizing your residential inventory and rental yield.
Experience the Soul of Marbella Opportunities to own a historic property built to flawless modern standards in Marbella's Old Town are exceptionally rare. Whether you are looking to secure a prestigious family legacy or launch a flagship hospitality venture, this property stands as a monument to the very best Marbella has to offer.
Contact us today to arrange a private viewing and experience this unique Marbella gem firsthand! Estimated costs to be borne by the buyer: The sale is subject to Property Transfer Tax (ITP) (Law 5/2021 on Assigned Taxes), with a maximum standard rate of 7 per cent.
The taxable base will be the higher of the price stated in the deed and the cadastral reference value (Article 10 of the TRLITPAJD). Reduced rates may apply depending on the buyer’s personal circumstances.
Notary and Land Registry fees are governed by the official fee scales (Royal Decree 1426/1989 and Royal Decree 1427/1989, respectively). Estimated cost: between €2,800 and €3,300 for notary fees and between €1,200 and €1,800 for Land Registry fees.
Administrative agency fees (if engaged on a voluntary basis) are not regulated and are estimated at between €300 and €500. The municipal capital gains tax (IIVTNU) is payable by the seller (Article 104 of the TRLRHL). The final amount will depend on the specific circumstances of the transaction and the buyer.
Brokerage fees are borne by the seller. ACH
Features and amenities
- Setting: Town
- Orientation: South
- Condition: Excellent
- Climate Control: Air Conditioning, Central Heating
- Features: Private Terrace, Solarium, Wood Flooring, Jacuzzi
- Furniture: Fully Furnished
- Kitchen: Fully Fitted
- Utilities: Drinkable Water
Annual fees
Location
Approximate area
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Marbella
Marbella is one of the Costa del Sol’s best-known municipalities, combining a sizeable year-round population with an established international community. The area stretches from the traditional town centre and seafront to residential neighbourhoods, golf urbanisations and resort-style zones, giving buyers a wide choice of lifestyles and property types. Day-to-day living is supported by extensive shops, restaurants, services and road connections, while the wider appeal of beaches, marinas and leisure amenities keeps demand active across both permanent homes and second-home use.
Marbella combines year-round town life with a strong resort feel, with beaches, marinas, golf, shopping and a broad restaurant scene spread across distinct areas. Day-to-day living is supported by established services and international demand keeps the area busy well beyond peak summer, although traffic, parking and prices can feel more pressured in the most popular zones and seasons.
Area scores
Marbella scores well for airport access, with Málaga-Costa del Sol Airport typically around 35 to 45 minutes away by road depending on the area and traffic. It is practical for regular travel, though journey times can stretch in peak summer periods and busy commuter hours.
Marbella scores highly for city lifestyle because it combines a lively year-round urban base with beaches, marinas, shopping, dining and leisure across several well-established districts. It offers far more everyday choice and international energy than many coastal locations, though traffic, parking and peak-season pressure can make the busiest areas feel less convenient at times.
Marbella scores 10/10 for coastal lifestyle because the sea is central to how the area works, from long beaches and promenades to marinas, beach clubs and seafront dining, all supported by a mature year-round services base rather than a purely seasonal feel.
Marbella scores highly for family living thanks to its broad choice of established residential areas, year-round services, beaches and leisure facilities, with plenty of everyday convenience across the municipality. It suits families who want an international environment and a wide range of amenities, though traffic, parking and higher costs can be a drawback in the busiest zones.
Marbella scores highly for full-time living because it combines a large year-round population, broad everyday services, established residential areas and a strong international community. Buyers can choose between central town living, beachside zones, golf urbanisations and quieter neighbourhoods, while road links, shops, dining and leisure amenities support daily life well beyond the summer seaso
Marbella scores highly for golf lifestyle thanks to the range of well-established courses in and around the municipality, particularly near Nueva Andalucía and the western residential areas. It works well for buyers who want regular access to golf alongside beaches, dining and year-round services, although the experience varies by neighbourhood and the most in-demand zones can feel busier and pric
Marbella scores exceptionally highly for holiday-home appeal thanks to its broad mix of beaches, marinas, golf, dining and shopping, combined with a long-established international scene and strong year-round activity. Buyers can choose between lively resort-style areas, beachside zones and more traditional town settings, making it one of the Costa del Sol’s most versatile second-home locations.
Marbella has one of the Costa del Sol’s most established international communities, with a large foreign resident population, wide use of international services and a lifestyle that attracts both full-time residents and second-home owners from many countries. Its year-round activity, broad choice of neighbourhoods and strong global profile make it one of the clearest 10/10 locations in the area fo
Marbella scores highly for investment potential because it combines strong international demand, broad year-round appeal and a wide property market ranging from central homes to golf and resort-style areas. Its established reputation, extensive amenities and consistent interest from both permanent residents and second-home buyers help support long-term market resilience, although pricing can be hi
Marbella has an established Spanish town centre and year-round neighbourhoods, balanced by one of the coast's largest international resident and second-home populations.
Marbella scores at the very top for luxury appeal thanks to its long-established international profile, marina and beach lifestyle, premium golf and resort areas, and a wide choice of high-end homes across some of the Costa del Sol’s most recognisable addresses.
Puerto Banús, Marbella's harbour and Cabopino make boating, waterside dining and marina life a major part of the municipality's wider lifestyle offer.
Marbella is famous for the coast, but La Concha, Sierra Blanca and the municipality's hillside neighbourhoods give residents unusually direct access to mountain scenery and routes.
Marbella delivers one of the Costa del Sol’s strongest nightlife scenes, with late dining, beach clubs, bars, hotel venues and high-profile spots around Puerto Banús, the Golden Mile and the town centre, plus plenty of activity in peak season and at weekends through much of the year.
Parks, beaches, sports clubs, family venues and a broad calendar of activities give families extensive choice across the municipality.
Central, beachfront and nightlife areas are busy, while residential and hillside districts can be very calm. The municipality's overall experience is too varied for a high score.
Privacy can be limited in much of Marbella, especially in central districts, beachside zones and established resort areas where homes sit close to neighbours and activity stays high for much of the year. More secluded options do exist in select residential and hillside settings, but overall the area tends to offer convenience and access over a strong sense of seclusion.
Rental demand is exceptionally strong in Marbella thanks to its year-round population, large international community and broad appeal across both permanent residents and second-home users. Demand is supported by beaches, golf, marinas, shopping and a wide service base, with activity extending well beyond peak summer in many parts of the municipality.
Marbella offers exceptional depth across neighbourhood restaurants, beach dining, international cuisine and special-occasion venues throughout the year.
Golf, padel, tennis, gyms, water sports and specialist clubs make Marbella one of the strongest all-round sports locations on the coast.
Marbella scores lower on value for money because prices are high by Costa del Sol standards, with buyers often paying a premium for the name, location and lifestyle. It still offers broad choice and strong day-to-day appeal, but budget-conscious buyers will usually find better space or specification elsewhere for the same spend.
Marbella scores lower for village lifestyle because it functions more as a substantial town and resort municipality than a close-knit village setting. While pockets such as the Old Town offer character, walkable streets and a more traditional feel, much of the area is defined by larger residential zones, busy roads, visitor activity and a broader urban rhythm.
Marbella scores highly for walkability in its central and seafront areas, where shops, restaurants, beaches and everyday services are close at hand. Walkability becomes more limited in spread-out residential zones and golf urbanisations, where a car is often more practical for regular errands.
The promenade and old town support everyday walking, while La Concha and nearby mountain routes add serious hiking close to the urban area.
We love Marbella because it offers something very few places can. Yes, it has the glamour and the reputation, but beyond that you'll find established neighbourhoods, excellent schools, beautiful beaches, outstanding restaurants and a lifestyle that works just as well year round as it does in the summer. Marbella has a confidence about it that comes from decades of attracting people from all over the world, and in our opinion, it remains one of Europe's most desirable places to live.
Area intelligence
ZigZag combines editorial knowledge with safe area-level snapshots for this location.
People and lifestyle
- Population
- 160.478
- Foreign residents
- 49.813
- Under 16
- 23.705
- Working age
- 109.386
- Market feel
- Marbella shows strong market and lifestyle signals thanks to its broad year-round demand, established international profile and unusually wide choice of settings, from the town centre and seafront to golf urbanisations and resort-style neighbourhoods. Buyer in
- Local energy
- Established, year-round, international, coastal, golf-linked, resort-urban, high-demand, amenity-rich
INE Nomenclator official demographic data 2025
Weather profile
- Winter average
- 13,2°C
- Summer average
- 26,2°C
- Annual rainfall
- 543,9 mm
- Rainy days
- 56,3
- Sunshine hours
- 3.833
Open-Meteo historical weather 2023-2025
Nearby area signals
- Restaurants
- 1.223
- Bars
- 505
- Cafes
- 239
- Supermarkets
- 126
- Schools
- 127
- International schools
- 127
- Padel clubs
- 390
- Pharmacies
- 49
- Clinics
- 411
- Gyms
- 160
Google Places density counts 2026-07-05
Current asking market
- Total listings
- 1.203
- Sample used
- 1.203
- Median asking
- 890.000 €
- Median per m²
- 5.964 €/m²
- Average asking
- 1.642.489 €
Resales snapshot for Marbella
Wider market context
- Málaga 2025 Q4
- 3.101 €/m²
- Marbella 2025 Q4
- 4.270 €/m²
"Marbella isn't just a destination, it's a lifestyle people aspire to.".
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