Exclusive Plot with Approved Villa Project in Son Vida
€1,250,000
Spain
Villa
property type
2 days ago
listed
The Habio take
AI summaryThis exceptional 2,163 m² plot in Son Vida presents a unique opportunity for a bespoke luxury villa, complete with an approved building licence. Situated in one of Palma’s most sought-after areas, it offers a serene natural environment while remaining close to the vibrant culture of the city.
- luxury
- new build
- quiet
- countryside
- city
Highlights
- Approved building licence for immediate construction
- Bespoke architectural project included
- Located in a prestigious area of Palma
- Tranquil natural surroundings
- Close proximity to Palma's amenities
Good fit for: Ideal for buyers looking to create a custom luxury residence.
Lifestyle scores
- Beach
- 60
- Walkable
- 50
- Remote work
- 70
- Family
- 65
- Retirement
- 80
- Airport access
- 75
- Investment
- 85
- Luxury
- 90
- Value
- 70
About this place
Set in a privileged and tranquil natural environment, this exceptional plot of 2,163 offers a rare opportunity to create a bespoke luxury residence in one of Palma’s most desirable locations. The property is sold with an approved building license and a refined architectural project, allowing construction to commence immediately. The design envisions an elegant three-level […]
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
