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Investment Highlights

  • porch.
  • Furniture.
  • Pool Own.
  • Water.
  • Apart. Separate.
  • Garden.
  • Terrace.
  • Air-Conditioning.
  • Light.
  • Pergola.
  • All Foreign.

Property Facts

Price $393,912
Sale Type Investment or Owner User
Property Type Hospitality

About ARENAS DEL REY, GRA 18129

This recently and meticulously renovated apartment complex offers a blend of lifestyle and income potential in a stunning natural setting in southern Spain. It can be operated as a boutique hospitality project or as a private residence with income-generating opportunities. Set within landscaped grounds, fully fenced and with gated access, the property consists of seven independent apartments. Each unit features a living room, kitchen, bedroom, bathroom, and private terrace overlooking the lake, providing uninterrupted views and privacy. The mature gardens, relaxation areas, and a private pool enhance the property's value and guest experience. The property includes a fully renovated bar and restaurant area, equipped with a professional-grade industrial kitchen and an outdoor terrace with panoramic views, ready for immediate operation. Additionally, there is an owner's apartment that ensures privacy and operational proximity. A large undeveloped attic space offers significant expansion potential—possible transformation into a lounge, additional bedrooms, and a bathroom—which would increase the property's versatility and value. The location provides direct walking access to the lake, with year-round activities such as kayaking, paddleboarding, cycling, and hiking. By car, it is approximately 20 minutes from the historic spa town of Alhama de Granada, 40 minutes from Granada's city center and its cultural heritage—including the Alhambra—and about 1 hour and 10 minutes from the Sierra Nevada ski resort. International connections are conveniently accessible via Granada Airport (approx. 30 minutes) and Málaga Airport (approx. 1 hour and 20 minutes). This is an operational commercial property with room for growth, combining accommodations, hospitality facilities, and expansion potential, making it a compelling investment opportunity in Andalusia.

  • Listing ID: 41233798

  • Date on Market: 7/10/2026

  • Last Updated:

  • Address: Arenas del Rey, Granada 18129

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