Duplex Penthouse with Terrace in Palma de Mallorca
€1,250,000
Spain
Penthouse
property type
3 days ago
listed
The Habio take
AI summaryThis exceptional duplex penthouse in the heart of Palma de Mallorca boasts a beautifully redesigned interior within a historic building. Located steps from the iconic Church of Sant Nicolás, it combines timeless charm with modern luxury.
- city
- historic
- luxury
- walkable
Highlights
- Historic building with contemporary luxury
- Spacious 134 sqm interior
- Terrace for outdoor living
- Prime location in Old Town
- Close proximity to local amenities
Worth knowing
- Higher price point for the area
- Limited outdoor space beyond terrace
Good fit for: Ideal for buyers seeking a blend of historic charm and modern luxury in a vibrant city.
Lifestyle scores
- Beach
- 50
- Walkable
- 90
- Remote work
- 75
- Family
- 60
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 65
About this place
Nestled in the heart of Palma de Mallorca’s enchanting Old Town, just steps from the iconic Church of Sant Nicolás, this exceptional duplex penthouse redefines city living. Set within a beautifully preserved historic building, this rare residence offers the perfect balance between timeless Mallorcan charm and sleek contemporary luxury. Spanning 134 of impeccably redesigned interior […]
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
