Castle 962 м² in Otivar, Spain

3 983 764 $

4 141 $ /м²

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Castle 962m² in Spain, Otivar. Priced at 3983764$ rent photo- #1

Castle 962m² in Spain, Otivar. Priced at 3983764$ rent photo- #2

Castle 962m² in Spain, Otivar. Priced at 3983764$ rent photo- #3

Castle 962m² in Spain, Otivar. Priced at 3983764$ rent photo- #4

Castle 962m² in Spain, Otivar. Priced at 3983764$ rent photo- #5

Area

962 м²

Bedrooms

Bathrooms

Otivar Castle / Palace

This unique property includes a palace and two other smaller houses, surrounded by extensive ornamental gardens with a private chapel, tennis court, several large terraces, outside summer bar/eating area, a 30 ft spring-fed swimming pool (heated), dining hall in an old large converted olive oil press (used for events), tennis court, helicopter landing area, parking space for 25 cars all surrounded by magnificent unspoilt views of the hillsides and valley.

The palace has been elegantly and thoughtfully renovated so as to preserve its unique atmosphere and outstanding historical features, including some of the original furniture.

It has a spacious entrance hall with 300-year-old Sevillian wall tiles. Downstairs we find a cloakroom, a magnificent main drawing room with a central column, vaulted ceiling and original stone fireplace, library, day room, timber panelled dining room with seating for up to 24 people. There is a spacious country style kitchen with a walk-in crockery cupboard, laundry area, museum / games room with a pool table and an inner patio.

Currently run as a successful hotel. Ideal for investment or relocation with established buisness.

Services and facilities

Garden

Balcony or terrace

Pool

Garage/parking

Air conditioner

Additional details

Property type

Elite

Object type

Castle

Price

3 983 764 $

Land area

5590

Characteristics

Garden

Balcony or terrace

Pool

Garage/parking

Air conditioner

Mountain View

Infrastructure

Tennis court

FAQ

In Spain a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Otivar; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Spain finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Spain takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Otivar short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (3 983 764 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Otivar: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).