Elegant Three-Bedroom Duplex in Palma's Historic Old Town
€1,295,000€8,196/m²
Palma Old Town, Palma Old Town, Spain
3
bedrooms
3
bathrooms
158 m²
interior
Apartment
property type
3 days ago
listed
The Habio take
AI summaryThis sophisticated duplex apartment features luxury finishes and is situated in the heart of Palma's renowned Old Town, particularly in the desirable area of La Lonja.
- city
- historic
- luxury
Highlights
- Luxury finishes
- High ceilings
- Open-concept design
- Integrated traditional patio
- Sought-after location in La Lonja
- Three spacious bedrooms
Good fit for: Ideal for those seeking a luxurious home in a vibrant historic setting.
Lifestyle scores
- Beach
- 60
- Walkable
- 90
- Remote work
- 75
- Family
- 70
- Retirement
- 65
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 55
About this place
This brand-new duplex apartment offers a unique residential investment opportunity in Palma's Old Town, specifically within the highly sought-after district of La Lonja. The property is elegantly integrated into a traditional Mallorcan patio that showcases beautiful exposed stone arches, complemented by superior Teka wood enclosures and high-quality main doors, reflecting the contemporary luxury characterising the entire building.
With a generous internal area of 158 square meters, the property is thoughtfully distributed across the ground floor and an elegant mezzanine. It stands out for its high ceilings and an open-concept design, which maximises the entry of natural light into all main rooms, creating a bright and inviting living space.
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
