Refurbished Four-Bedroom Apartment in Palma's Paseo del Borne
€1,395,000€9,300/m²
Palma de Mallorca, Palma de Mallorca, Spain
4
bedrooms
3
bathrooms
150 m²
interior
475 m²
plot
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis magnificent four-bedroom apartment has been beautifully refurbished, preserving its historic charm with original features such as hand-painted ceilings and mosaic tiled floors. Located in the vibrant Paseo del Borne area of Palma de Mallorca, it offers a blend of culture and modern amenities.
- city
- historic
- luxury
Highlights
- Four spacious bedrooms
- Three stylish bathrooms
- Preserved historical details
- State-of-the-art kitchen
- French balconies
- Prime central location
Worth knowing
- No outdoor space mentioned
- Potentially high maintenance costs
Good fit for: Ideal for families seeking a blend of modern living and historical charm in a central location.
Lifestyle scores
- Beach
- 60
- Walkable
- 90
- Remote work
- 80
- Family
- 75
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 65
About this place
This apartment was totally refurbished during 2015 and a lot of effort was put into restoring all original details from when it was built in 1890. The property offers today hand painted original ceilings, mosaic tiled floors, beautiful wooden carpentry and French balconies. A state-of-the-art kitchen has been fitted with top quality German-made utilities as well as ample Corian worktops.
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
