Plot with Project for Modern Home in Santa Margalida
€200,000
Santa Margalida, Santa Margalida, Spain
325 m²
plot
Land
property type
2 weeks ago
listed
The Habio take
AI summaryThis enticing plot of 325m² in Santa Margalida comes with an approved project for a modern 150m² home featuring three bedrooms and a swimming pool. Located a short drive from the beautiful Playa de Muro, this area offers a serene lifestyle with local amenities nearby.
- coastal
- quiet
- family
- investment
Highlights
- 325m² plot size
- Project for a 150m² house
- Two floors with 3 bedrooms
- Swimming pool included
- 10 minutes from Playa de Muro
- Views of rustic land
Worth knowing
- Building licence pending confirmation
Good fit for: Ideal for those looking to build their dream home in a tranquil setting.
Lifestyle scores
- Beach
- 80
- Walkable
- 50
- Remote work
- 60
- Family
- 65
- Retirement
- 75
- Airport access
- 50
- Investment
- 70
- Luxury
- 65
- Value
- 85
About this place
This beautiful plot of land is located in Santa Margalida, a quiet municipality with all services and only 10 minutes by car from the spectacular Playa de Muro. The plot has 325m2, faces 2 streets and has privileged views to rustic land. It has a project for a house of 150m2, 2 floors, 3 bedrooms, 2 bathrooms, and a swimming pool in the garden. The building licence is about to be issued by the town hall. ¡Take this opportunity and call First Mallorca for more information!
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
