Stylish Ground Floor Apartment in Prestigious Calatrava

€1,495,000€9,061/m²

Palma de Mallorca, Palma de Mallorca, Spain

2
bedrooms
2
bathrooms
165 m²
interior
475 m²
plot
Apartment
property type
2 weeks ago
listed

The Habio take

AI summary

This exceptional ground floor apartment in Calatrava boasts 165 m² of living space, featuring a spacious private terrace. Located in the sought-after Palma de Mallorca, it combines modern comforts with historic charm.

city
historic
luxury

Highlights

2 bedrooms, 2 bathrooms
Private terrace of 50 m²
High 5-metre ceilings
Renovated with top-quality materials
In the heart of Calatrava neighbourhood

Worth knowing

Potential noise from street activity
Limited outdoor space beyond the terrace

Good fit for: Ideal for professionals or couples seeking a stylish urban lifestyle.

Lifestyle scores

Beach: 80
Walkable: 90
Remote work: 70
Family: 60
Retirement: 65
Airport access: 85
Investment: 75
Luxury: 80
Value: 70

About this place

Magnificent ground floor apartment of 140 m2, complemented with a basement area of 25 m2. The property has a private terrace of 50 m2 and is located in the heart of the prestigious Calatrava neighbourhood. With high ceilings of 5 metres, the renovated property features top quality materials while preserving its original charm.

Buying property in Spain

Full guide →

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