Large Plot in Prestigious Son Vida with Approved Project
€1,350,000
Spain
Land
property type
3 days ago
listed
The Habio take
AI summaryThis exceptional 3,274 m² plot in Son Vida offers a unique opportunity for bespoke living, complete with an approved building licence and architectural plans for a luxurious three-level home. Set in one of Palma's most prestigious residential areas, it combines exclusivity with serene natural surroundings.
- luxury
- countryside
- investment
Highlights
- Large 3,274 m² plot
- Approved building licence
- Sophisticated architectural project
- Located in prestigious Son Vida
- Serene natural environment
Worth knowing
- Development timeframe may be lengthy
- Building costs not included in price
Good fit for: Ideal for buyers seeking to design a custom luxury home in Palma.
Lifestyle scores
- Beach
- 60
- Walkable
- 50
- Remote work
- 75
- Family
- 65
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 70
About this place
Set in one of the most prestigious residential enclaves of Palma, this exceptional plot offers a rare opportunity to create a bespoke residence in a serene natural setting. Spanning an impressive 3,274 m², the property is sold with an approved building license and a sophisticated architectural project for a luxurious three-level home crowned by a […]
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
