Historic Finca from 1810 on Expansive Estate in Algaida
€1,600,000€1,605/m²
Algaida, Algaida, Spain
2
bedrooms
3
bathrooms
997 m²
interior
48 m²
plot
Farm
property type
2 weeks ago
listed
The Habio take
AI summaryThis remarkable 2-bedroom finca, dating from 1810, offers a blank canvas for an exclusive project in the tranquil surroundings of Algaida. Set on a generous 48,800 m² plot, it promises privacy and the charm of historic architecture in the heart of Mallorca.
- countryside
- historic
- luxury
- renovation
Highlights
- Historic charm with traditional architecture
- Expansive 48,800 m² estate for privacy
- Large 1,000 m² built area
- Opportunity for personal renovation
- Serene landscape ideal for relaxation
Worth knowing
- Requires renovation to reach full potential
- Limited number of bedrooms for larger families
Good fit for: Ideal for buyers seeking a unique historical property for renovation and exclusivity.
Lifestyle scores
- Beach
- 30
- Walkable
- 20
- Remote work
- 50
- Family
- 40
- Retirement
- 60
- Airport access
- 60
- Investment
- 70
- Luxury
- 75
- Value
- 65
About this place
Nestled in the authentic and serene landscape of Algaida, this majestic Mallorcan estate dating back to 1810 stands as a true collector's piece for lovers of history, traditional architecture, and exclusivity. Spanning an expansive 48,800 m² of land that guarantees absolute privacy, the property features an imposing main building of approximately 1,000 m² of built area distributed over two floors.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
