Spectacular Three-Bedroom Apartment in Palma de Mallorca
€1,950,000€24,375/m²
Palma de Mallorca, Palma de Mallorca, Spain
3
bedrooms
2
bathrooms
80 m²
interior
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis stunning three-bedroom apartment features extraordinary design and is located in eastern Palma de Mallorca, close to the famous city beach and historical old town. Its convenient position just 10 minutes from the airport makes it ideal for both commuters and travellers.
- city
- beach
- investment
- walkable
Highlights
- Extraordinary urban design
- Three spacious bedrooms
- Close to old town and city beach
- 10 minutes drive from the airport
- Ideal for commuters and travellers
Worth knowing
- Limited internal area of 80 m²
Good fit for: Ideal for buyers seeking a modern urban lifestyle in a vibrant city.
Lifestyle scores
- Beach
- 80
- Walkable
- 85
- Remote work
- 70
- Family
- 60
- Retirement
- 50
- Airport access
- 90
- Investment
- 75
- Luxury
- 80
- Value
- 55
About this place
This extraordinary urban project is being built in the eastern part of Palma de Mallorca, near Portixol and the famous city beach, as well as within walking distance to the impressive old town. Thanks to its location only 10 minutes drive from the airport, it is ideal for commuters and travellers.
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
