Luxury Three-Bedroom Apartment in Central Palma
€4,750,000€19,547/m²
Palma de Mallorca, Palma de Mallorca, Spain
3
bedrooms
3
bathrooms
243 m²
interior
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis exquisite three-bedroom apartment in the heart of Palma offers stunning views of the harbour and is just steps from the lively Paseo Marítimo and Santa Catalina district. Enjoy a unique blend of historic charm and modern luxury within one of Palma’s most iconic areas.
- luxury
- city
- historic
- walkable
- beach
Highlights
- 243 m² of bright, sophisticated living space
- Panoramic views of the Mediterranean
- Exclusive access to communal gardens
- Prime location near vibrant local amenities
- State-of-the-art architectural design
Worth knowing
- Higher price point relative to other local properties
- Desirable area may experience noise from nearby nightlife
Good fit for: Ideal for those seeking a luxurious urban lifestyle in a historic setting.
Lifestyle scores
- Beach
- 90
- Walkable
- 95
- Remote work
- 80
- Family
- 70
- Retirement
- 75
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 60
About this place
Just steps from the Paseo Marítimo and the vibrant Santa Catalina district, this exclusive development offers a unique lifestyle surrounded by centuries-old windmills, cobbled streets, and panoramic views of the harbor. 57 residences with 1 to 3 bedrooms, including dreamy penthouses with terraces, ground-floor homes with private gardens, and a standalone villa of 850 m². Cutting-edge architectural design that respects the soul of the neighborhood, with bright, sophisticated interiors seamlessly connected to the outdoors. Spaces designed for well-being, featuring state-of-the-art technology and unforgettable sunset views over the Mediterranean. Enjoy communal gardens, absolute privacy, and the privilege of living in one of Palma’s most iconic areas. More than a home, it’s a way of experiencing the city with serenity, luxury, and authenticity. Contact First Mallorca for full details and to personally discover this one-of-a-kind property in Palma.
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
