A PALATIAL villa with a Picasso in the swimming pool is to set to be auctioned off.

El Martinete, near Marbella, Spain, was previously owned by Antonio El Bailarín, A Spanish Flamenco dancer who was a close friend of the famous artist.

A palatial Spanish villa is going up for auction without a reserve price

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A palatial Spanish villa is going up for auction without a reserve priceCredit: SWNS:South West News Service

Picasso would regularly visit the home and, during one stay in 1961, he signed the bottom of the outdoor pool, giving the El Martinete home a unique piece of artistic heritage.

The villa, which has no reserve price, boasts a grand foyer, resplendent with marble columns and moulded ceilings, which leads to a modern kitchen, dining room for 20, indoor pool with sauna and five bedroom suites.

All four floors are serviced by a lift, including the roof terrace with kitchen, dining area, bbq and hot tub.

The home, in Puerto Banus, has previously been on the market for Euro £13million, but it will now be sold by Concierge Auctions without a reserve.

The luxurious abode even has an original Picasso on the bottom of the swimming pool

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The luxurious abode even has an original Picasso on the bottom of the swimming poolCredit: SWNS:South West News Service
The stunning home was regularly visited by the painter when it was owned by Flamenco dancer Antonio El Bailarin

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The stunning home was regularly visited by the painter when it was owned by Flamenco dancer Antonio El BailarinCredit: SWNS:South West News Service
Named El Martinete, the plush villa is in the famed resort town of Puerto Banus in Marbella

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Named El Martinete, the plush villa is in the famed resort town of Puerto Banus in MarbellaCredit: SWNS:South West News Service

Bidding on El Martinete will open on May 29 and will go to the highest bidder on May 31.

Charlie Smith, European advisor for Concierge Auctions, said: "Beachfront properties are rare in this sought-after area of Southern Spain and beachfront villas offering this level of luxury living even more so.

"El Martinete is truly unique. The buyer of the villa will not just be purchasing one of the region's most prestigious properties, but also a one-of-kind piece of art, in the unusual feature of the swimming pool, signed by Pablo Picasso himself."

The villa boasts a grand foyer, complete with marble columns and moulded ceilings, which leads to a modern kitchen

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The villa boasts a grand foyer, complete with marble columns and moulded ceilings, which leads to a modern kitchenCredit: SWNS:South West News Service
It has a dining room for 20, indoor pool with sauna and five bedroom suites.

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It has a dining room for 20, indoor pool with sauna and five bedroom suites.Credit: SWNS:South West News Service
The four storey stunner even has a lift which goes all the way up the roof terrace

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The four storey stunner even has a lift which goes all the way up the roof terraceCredit: SWNS:South West News Service
The home has previously sold for £13 million but there is no reserve price listed at the auction

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The home has previously sold for £13 million but there is no reserve price listed at the auctionCredit: SWNS:South West News Service
Charlie Smith, European advisor for Concierge Auctions, said: 'Beachfront properties are rare in this sought-after area of Southern Spain and beachfront villas offering this level of luxury living even more so'

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Charlie Smith, European advisor for Concierge Auctions, said: 'Beachfront properties are rare in this sought-after area of Southern Spain and beachfront villas offering this level of luxury living even more so'Credit: SWNS:South West News Service

Puerto Banús is one of the most famous marinas in Europe and is home to a wide selection of restaurants, hotels and boutiques.

Marbella is reached in 15 minutes by road and Malaga Airport, offering international flights, in 40 minutes.

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El Martinete also has two guesthouses which offer a further three bedrooms and three bathrooms and there is additional staff accommodation.

Underground car parking for up to six cars is available.

The villa could also be rented out for around £4,000 per-night.

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