Impressive Building Plot with Luxury Villa Project in Son Vida
€2,400,000
Spain
Villa
property type
4 days ago
listed
The Habio take
AI summaryThis expansive building plot in Son Vida comes with pre-approved plans for a sophisticated 979 m² luxury villa. Known for its serene environment and stunning views over the sea and Palma, Son Vida is an exclusive residential area well-suited for high-end living.
- luxury
- investment
- countryside
- quiet
Highlights
- 2,380 m² plot size
- Pre-approved construction license
- Project for 979 m² modern villa
- Partial sea and Palma views
- Exclusive Son Vida location
Worth knowing
- Construction will need to start promptly to maintain approval
- Buyer responsibility for final build costs
Good fit for: Ideal for buyers seeking a prestigious property in a sought-after area.
Lifestyle scores
- Beach
- 50
- Walkable
- 40
- Remote work
- 60
- Family
- 70
- Retirement
- 75
- Airport access
- 70
- Investment
- 85
- Luxury
- 90
- Value
- 65
About this place
This building plot with pre aproved license in an impressive location and partial views over the sea and Palma. The construction project impresses with its sophisticated design and the well thought-out room layout. The spectacular plot is 2,380 m2 big. The project envisages a spacious, modern villa (approx. 979 m2 of living space) with 6 […]
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
