Luxurious Penthouse Triplex with Sea Views in Palma's Son Armadams
€4,200,000
Spain
Penthouse
property type
1 week ago
listed
The Habio take
AI summaryThis exclusive, fully renovated luxury penthouse in Son Armadams offers spectacular sea views along with contemporary design and spacious interiors. Located on the ninth floor, it presents a unique residential experience in one of Palma's most prestigious areas.
- luxury
- beach
- city
Highlights
- Fully renovated luxury penthouse
- Approximately 240 sqm of elegant interior space
- Magnificent sea views
- Located in a prestigious area
- Elevator access to the ninth floor
Good fit for: Ideal for affluent buyers seeking luxury and comfort in Palma.
Lifestyle scores
- Beach
- 90
- Walkable
- 75
- Remote work
- 80
- Family
- 70
- Retirement
- 75
- Airport access
- 85
- Investment
- 85
- Luxury
- 95
- Value
- 70
About this place
Exclusive fully renovated luxury penthouse in the prestigious area of Son Armadams in Palma, offering a unique residential experience where contemporary design, spaciousness and spectacular views combine to perfection. Located on a ninth floor with elevator, the property boasts approximately 240 of elegant interior space and a total of 445 constructed, complemented by three magnificent […]
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
