New-Build Three-Bed Apartment with Private Garden in Sant Elm
€890,000€9,780/m²
San Telmo (Sant Elm), San Telmo (Sant Elm), Spain
3
bedrooms
2
bathrooms
91 m²
interior
400 m²
plot
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis high-quality new-build three-bedroom apartment in Sant Elm boasts a private garden and is part of a small development of 20 flats. Located in the charming coastal town of Sant Elm in south-west Mallorca, it offers stunning views and a peaceful lifestyle.
- beach
- coastal
- family
- luxury
Highlights
- Three bedrooms and two bathrooms
- Private garden for ground floor units
- Exclusive small development of just 20 flats
- Beautiful coastal town setting
- Close to beaches and local amenities
Worth knowing
- Price may be above average for the area
- Limited number of properties in the development
Good fit for: Ideal for families or those seeking a serene coastal retreat.
Lifestyle scores
- Beach
- 90
- Walkable
- 75
- Remote work
- 70
- Family
- 75
- Retirement
- 85
- Airport access
- 60
- Investment
- 80
- Luxury
- 85
- Value
- 65
About this place
This fantastic new-build project is located in the picturesque coastal town of Sant Elm in the south-west of the island. A small development of just 20 flats is being built here - 10 ground floor flats with a small private garden and 10 penthouse flats with a private roof terrace.
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
