Stunning Renovated Penthouse with Rooftop Terrace in Palma
€895,000
Spain
Penthouse
property type
3 days ago
listed
The Habio take
AI summaryThis exceptional penthouse on Palma’s renowned Paseo Marítimo boasts breathtaking sea and harbour views, complemented by generous outdoor living space. Fully renovated in 2025, it offers modern luxury in a vibrant coastal city.
- beach
- coastal
- luxury
- city
- retirement
Highlights
- Uninterrupted sea and harbour views
- Generous 238 sqm of interior and terrace space
- Three en-suite bedrooms
- Fully renovated in 2025
- Located on the iconic Paseo Marítimo
Good fit for: Ideal for buyers seeking luxurious coastal living in Palma.
Lifestyle scores
- Beach
- 95
- Walkable
- 90
- Remote work
- 80
- Family
- 70
- Retirement
- 90
- Airport access
- 85
- Investment
- 85
- Luxury
- 90
- Value
- 75
About this place
This Penthouse offers a rare opportunity to own an exclusive residence on Palma’s iconic Paseo Marítimo, featuring uninterrupted sea and harbour views with generous outdoor living. Built in 1993 and fully renovated in 2025, the property offers approximately 238 sqm of interior and terrace space. It comprises three en-suite bedrooms, a guest toilet, elegant marble […]
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
