Contemporary Villa Ready for Customisation in Exclusive Son Vida
€4,995,000
Spain
Villa
property type
6 days ago
listed
The Habio take
AI summaryThis newly completed contemporary villa in Son Vida is a luxurious canvas awaiting your personal touch. Nestled in Palma’s most prestigious area, it combines cutting-edge design and Mediterranean elegance.
- luxury
- new build
- golf
- quiet
Highlights
- Newly built with modern architecture
- 1,009 m² plot for ample outdoor space
- Over 400 m² of interior living space
- Opportunity for full personal decoration
- Located in a prestigious and exclusive enclave
Worth knowing
- Potential for high ongoing maintenance costs
- Property still needs personal decor
- Son Vida may have limited local amenities
Good fit for: Ideal for buyers seeking a luxury home to personalise in a prestigious setting.
Lifestyle scores
- Beach
- 65
- Walkable
- 50
- Remote work
- 75
- Family
- 70
- Retirement
- 60
- Airport access
- 85
- Investment
- 80
- Luxury
- 90
- Value
- 50
About this place
This newly completed contemporary residence is set within the prestigious enclave of Son Vida, Palma’s most exclusive address, and is ready to be decorated and personalised entirely to the buyer’s vision. Architect-designed and set on a 1,009 plot with over 400 of interior space, the property blends cutting-edge design, intelligent technology and refined Mediterranean elegance. […]
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
