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Seafront House with Investment Potential at Playa de Palma

€1,800,000€6,642/m²

Arenal & Can Pastilla, Arenal & Can Pastilla, Spain

  • 8

    bedrooms

  • 6

    bathrooms

  • 271 m²

    interior

  • 148 m²

    plot

  • House

    property type

  • 2 weeks ago

    listed

The Habio take

AI summary

This extensive property on the first sea line at Playa de Palma seamlessly blends comfortable living and investment potential. Boasting eight bedrooms and an ideal location for beach enthusiasts, it provides easy access to the area's vibrant lifestyle.

  • beach
  • investment
  • rental income
  • luxury
  • walkable

Highlights

  • Eight total bedrooms across main house and separate units
  • Modern, refurbished main house with sea views
  • Five additional residential units for rental income
  • Commercial space on the ground floor
  • Walking distance to amenities and good transport connections

Worth knowing

  • No mention of private parking availability
  • Units offered unfurnished except kitchens and bathrooms

Good fit for: Ideal for investors seeking rental income or large families wanting seafront living.

Lifestyle scores

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

About this place

This exceptional property in the first sea line on the sought-after Playa de Palma combines stylish living with outstanding investment potential. The main house, originally built in the 1950s, has been extensively refurbished and renovated in recent years and now shines in modern splendour. With a generous constructed area of 158 m² spread over two floors, the house offers three bedrooms, one of which is loft-style on the upper floor, a bathroom, two terraces and a commercial space on the ground floor. The front terrace offers breathtaking views of the sea, while the rear terrace faces the quieter side street. This side street leads to the additional five separate residential units, which offer space for two flats and three studios on a total area of 113 m². Each unit is equipped with a modern kitchen and a bathroom. In addition, all residential units and the main house have air conditioning and high-quality PVC windows with double glazing, which ensure a high level of living comfort and energy efficiency. This property is perfect both for owner-occupation and as a lucrative investment opportunity. Its seafront location makes it a rare opportunity to live in one of the most sought-after areas of Palma while benefiting from the income generated by the additional residential units. The flats are offered without furniture - except for the kitchens and bathrooms - and serve only as a furnishing idea. All amenities are within walking distance. There are very good bus/transport connections and the airport is only a few minutes' drive away.

ES

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. 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. 2

    Open a Spanish bank account

    Needed for the deposit, taxes, mortgage payments, and utilities.

  3. 3

    Engage an independent lawyer

    Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.

  4. 4

    Reservation contract

    Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.

  5. 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. 6

    Sign the escritura pública

    Final public deed signed before a notario; balance and taxes paid; keys handed over.

  7. 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

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