A U.S.-led research team may have finally located the lost city of Atlantis, the legendary metropolis believed swamped by a tsunami thousands of years ago in mud flats in southern Spain.

"This is the power of tsunamis," head researcher Richard Freund told Reuters. "It is just so hard to understand that it can wipe out 60 miles inland, and that's pretty much what we're talking about," said Freund, a University of Hartford, Connecticut, professor who lead an international team searching for the true site of Atlantis.

To solve the age-old mystery, the team used a satellite photo of a suspected submerged city to find the site just north of Cadiz, Spain. There, buried in the vast marshlands of the Dona Ana Park, they believe that they pinpointed the ancient, multi-ringed dominion known as Atlantis.

"We found something that no one else has ever seen before, which gives it a layer of credibility, especially for archeology, that makes a lot more sense," Freund said.

Tsunamis in the region have been documented for centuries, Freund says. One of the largest was a reported 10-story tidal wave that slammed Lisbon in November, 1755.

Debate about whether Atlantis truly existed has lasted for thousands of years. Plato's "dialogues" from around 360 B.C. are the only known historical sources of information about the iconic city. Plato said the island he called Atlantis "in a single day and night... disappeared into the depths of the sea."