Luxury Penthouse with Sea Views Steps from Illetes Beach
€5,490,000
Spain
Penthouse
property type
6 days ago
listed
The Habio take
AI summaryThis exceptional penthouse in Illetes offers stunning sea views and is just moments away from beautiful sandy beaches. Located in the picturesque southwest of Mallorca, it provides a perfect blend of luxury and coastal living.
- beach
- luxury
- coastal
Highlights
- Generous 292 m² living space
- High-end refurbishment
- Open plan design
- Close proximity to sandy beaches
- Stunning sea views
- Situated in a desirable location
Worth knowing
- Higher price point
- Limited information on local amenities
Good fit for: Ideal for luxury buyers seeking a coastal lifestyle.
Lifestyle scores
- Beach
- 95
- Walkable
- 60
- Remote work
- 75
- Family
- 65
- Retirement
- 80
- Airport access
- 70
- Investment
- 90
- Luxury
- 95
- Value
- 60
About this place
Nestled in the stunning southwest of Mallorca, this luxury penthouse in Illetes offers an unrivalled living experience, just steps away from the area’s lovely sandy beaches. Completely refurbished to the highest standards, the flat boasts a generous living area of approximately 292 m2 spread over two levels. The open plan living, dining and kitchen area […]
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
