Luxury Villa Plot with Project in Exclusive Son Vida
€2,700,000
Spain
Villa
property type
5 days ago
listed
The Habio take
AI summaryThis prime 2,017 m² plot in Son Vida offers panoramic views over the bay of Palma, perfect for creating a luxury residence. With a pre-approved project for a spacious 899 m² villa, prospective buyers can personalise their dream home in this prestigious area.
- luxury
- investment
- countryside
- city
Highlights
- Prime location in Son Vida
- Stunning bay views
- Project for 899 m² luxury villa
- Large 2,017 m² plot
- Exclusive residential community
- Potential for personalised design
Worth knowing
- Building works required to realise project
- Potential for project delays
Good fit for: Ideal for buyers seeking to build a bespoke luxury home.
Lifestyle scores
- Beach
- 70
- Walkable
- 50
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 60
About this place
This top quality property in the luxurious area of Son Vida is situated in an exclusive location and offers beautiful views over the bay of Palma. There is a pre-existing project to build a spectacular villa with a living area of 899 on three floors, within a plot of 2.017, distributed over 6 bedrooms and […]
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
