Vast Rustic Estate with 88.80 Hectares in Algaida, Mallorca
€4,000,000€7,080/m²
Algaida, Algaida, Spain
8
bedrooms
6
bathrooms
565 m²
interior
888 m²
plot
Land
property type
2 weeks ago
listed
The Habio take
AI summaryThis extensive agricultural estate spans 88.80 hectares and features eight bedrooms and six bathrooms, ideal for a tranquil lifestyle in Mallorca. Located in the serene Plá region, it's just 25 km from Palma and easily accessible via the Sineu road.
- rural
- investment
- countryside
- historic
Highlights
- Vast 888,031 m² plot
- Historic agricultural estate
- Eight spacious bedrooms
- Close proximity to Palma
- Excellent access via Sineu road
Worth knowing
- Requires considerable maintenance due to size
- No immediate amenities mentioned
Good fit for: Ideal for buyers seeking a peaceful rural retreat or investment opportunity.
Lifestyle scores
- Beach
- 20
- Walkable
- 15
- Remote work
- 30
- Family
- 60
- Retirement
- 80
- Airport access
- 65
- Investment
- 75
- Luxury
- 50
- Value
- 70
About this place
An extraordinary opportunity to acquire a vast and historic agricultural estate in the heart of Mallorca’s tranquil Plá region, just 25 km from Palma and with excellent access via the Sineu road.
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
