Luxurious Three-Bed Penthouse in Historic Palma
€2,600,000€13,684/m²
Palma de Mallorca, Palma de Mallorca, Spain
3
bedrooms
3
bathrooms
190 m²
interior
Penthouse
property type
2 weeks ago
listed
The Habio take
AI summaryThis exquisite three-bedroom penthouse in the heart of Palma boasts a stunning 60 m² roof terrace, perfect for enjoying panoramic city views. Situated in a tranquil side street of Palma's vibrant old town, it combines historic charm with modern luxury.
- historic
- luxury
- city
- walkable
Highlights
- Prime location in historic Palma
- Spacious 60 m² roof terrace
- High-quality finishes and appliances
- Three en-suite bedrooms with private terraces
- Underfloor heating and central air conditioning
- Private garage space and elevator access
Worth knowing
- High maintenance costs in a luxurious building
- Limited outdoor space aside from the terrace
Good fit for: Ideal for those seeking a blend of luxury, privacy, and city life.
Lifestyle scores
- Beach
- 50
- Walkable
- 90
- Remote work
- 70
- Family
- 75
- Retirement
- 80
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 60
About this place
In the heart of Palma's historic old town, this luxurious penthouse awaits you in a building over 100 years old. The property was meticulously and lovingly renovated in 2020, combining timeless elegance with modern living comfort. With only four exclusive residential units, it offers the utmost privacy and tranquility in a prime central location. The penthouse spans a generous living area of approximately 120 m², meeting the highest standards of design and functionality. Three spacious bedrooms, each with an en-suite bathroom, provide comfort and private retreats at the highest level. One of the bedrooms also features its own terrace, adding a touch of Mediterranean flair to your mornings. The modern fitted kitchen is a dream for cooking enthusiasts: high-quality appliances from Siemens and Miele, paired with a thoughtful layout, make cooking a true pleasure. A cozy living atmosphere is ensured by underfloor heating, central air conditioning, and a stylish tunnel fireplace that visually connects the living and dining areas while providing warmth. A special highlight of the penthouse is the approximately 60 m² roof terrace. Partially covered, it offers ample space for social evenings or relaxing moments. From here, you can enjoy sweeping views over the rooftops of Palma and the unique atmosphere of the city. Additionally, a private garage space for a car or motorcycle and an elevator provide convenient access to your living space. The penthouse is located on a quiet side street, yet offers excellent access to the vibrant city life. Fine restaurants, charming cafés, and exclusive boutiques are just a few minutes’ walk away – the perfect balance between relaxation and urban lifestyle. Your new home in the heart of Palma is waiting for you. Let yourself be enchanted by this unique gem!
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
