El Real Panorama, Marbella

Completely Reconstructed Sea-View Villa with Tourist License – Marbella East

Villa·361-11701P-DUP
€1,550,000 €4,456 / m²
6 Bedrooms
5 Bathrooms
356 m² Built
274.82 m² Interior
73 m² Terrace
1,350 m² Plot
All property in Marbella 383 listings
€3,971 below the €5,584 median €7,960
Houses of 320 to 640 m² in Marbella 485 listings
€4,818 below the €6,593 median €9,359

Asking prices across the agency networks we track, as at 30 July 2026. Bars span the middle half of each peer group; the line marks the median. The first bar covers apartments and houses together, so a house will often sit high on it.

IBI €1,242 this property, a year · most comparable homes pay €921 to €2,894
Community fees €1,140 this property, a year · most comparable homes pay €828 to €3,600

These are the averages across ALL houses in Marbella that disclose a figure, not this property alone. Where a bill for this one is on file it is shown against that range so you can see where it sits. Bills follow the rateable value and the community budget, so two neighbours can differ; we will get you the actual figures before you commit.

All homes €3,425/m² €2,632 to €4,630 · 605 deeds
Houses €4,785/m² €3,493 to €6,244 · 53 deeds
Apartments €3,401/m² €2,529 to €4,608 · 509 deeds

Registered sale prices across Marbella, October 2025 to April 2026. Real money paid and recorded, not asking prices. The deed count is a measure of our coverage of the register, not of how many homes sold, and deeds register some months after the sale, so this is one pooled figure for the whole window rather than a monthly line.

Appraised value per m², Marbella Valuation basis, Ministerio de Transportes
€4,333/m²2026 Q1
2005 Q1 €1,898 – €4,333 2026 Q1
Homes sold per quarter, Marbella Ministerio de Transportes
842 homes2026 Q1
2004 Q1 395 – 1,745 2026 Q1
Asking, this property €4,354/m² what the seller asks
Achieved, Marbella €4,639/m² 3,188 deeds this year · Notariado
Valued, latest quarter €4,333/m² 2026 Q1 · Ministerio

Three different measures, shown separately because they are not comparable: what sellers ask, what deeds record, and what valuers assess. The last two cover a whole postcode and a whole municipality at every price level, so a prime property will always sit well above them.


About this property

A few steps from the sea, open Mediterranean views, and just minutes from Marbella town — this villa proves that age doesn’t matter when everything has been done right.

Originally built in 1968 and completely reconstructed in 2021, the villa was taken back to basics with new electricity, new plumbing & canalisation, modern comfort systems and a thoughtful layout for living and earning — so it looks and performs like a truly modern home.

The main house offers 4 bedrooms, plus an extra room with an ensuite — perfect as a 5th bedroom, home office, or guest suite. On the lower level, you’ll find two fully independent studios, each with its own entrance, kitchen and bathroom — ideal for guests or rentals.

Tourist License already in place
You can legally rent the whole villa or each unit separately, short- or long-term, hosting up to 14 guests in total. The two studios alone are already generating over €55,000 per year, and the whole villa has the potential to reach around €120,000 gross annually.

Inside, the house is bright and comfortable, with a fireplace, underfloor heating, A/C in all rooms, and 30 solar panels to keep energy costs down. Outside, a lush tropical-style garden surrounds the private pool, plus a large garage with space for several cars — and room to expand (add another level or a separate one-floor house, subject to approvals).

Location highlights:

5 minutes’ walk to the beach, and easy access to Marbella centre.

Across the road is the newly opened Mediterráneo Park, a large 38,000 m² beachfront leisure destination with sports courts (beach soccer, volleyball, etc.), scenic miradores, kid-friendly play areas and walking paths right by the sea — adding lifestyle value both for residents and future guests.
EL ESPAÑOL

And neighborhood value is rising: one of Marbella’s most anticipated developments — the Four Seasons Marbella Resort & Residences — is set to bring a new era of luxury living and hospitality to the area. This €700 million project includes a 5-star hotel, branded residences, beach clubs, world-class dining and wellness facilities, with pre-sales launching in early 2026 and phased delivery from 2028 onward.
Panorama Properties Marbella

If you’re looking for a villa by the sea, close to town, with real rental numbers, a tourist license, and future area growth, this one deserves a closer look.

Reach out — I’ll walk you through everything and show it to you in person.


Specification

Reference
361-11701P-DUP
Type
Villa
Location
El Real Panorama, Marbella
Beds
6
Baths
5
En suite
3
Build m²
356
Interior m²
274.82
Terrace m²
73
Plot m²
1,350
Pool
Private
Garden
Private
Garage
Carport
Community
€95
Garbage
€139
IBI
€1,242
Orientation
S
C. Year
1968

Features & amenities

  • Amenities near
  • Close to children playground
  • Close to port
  • Close to schools
  • Close to sea / beach
  • Close to shops
  • Close to town
  • Garden view
  • Mountain view
  • Panoramic view
  • Partial sea views
  • Pool view
  • Sea view
  • Transport near
  • Barbecue
  • Basement
  • Dining room
  • Double glazing
  • Fireplace
  • Fitted wardrobes
  • Fully fitted kitchen
  • Fully furnished
  • Guest apartment
  • Guest room
  • Guest toilet
  • Kitchen equipped
  • Laundry room
  • Living room
  • Marble floors
  • Office room
  • Storage room
  • Study room
  • Utility room
  • Covered terrace
  • Heated pool
  • Private terrace
  • Saltwater swimming pool
  • Uncovered terrace
  • Air conditioning
  • Electric blinds
  • Solar panels
  • Solarium
  • Underfloor heating (throughout)
  • Alarm
  • Automatic irrigation system
  • Surveillance cameras
  • Video entrance
  • Parking included
  • Excellent condition
  • Recently Renovated / Refurbished
  • Glass Doors
  • Well