Contemporary Penthouse with Private Rooftop Terrace in Palma
€1,475,000
Penthouse
property type
2 days ago
listed
The Habio take
AI summaryThis modern penthouse in Palma features a private rooftop terrace, ideal for enjoying the Mediterranean climate. Set within a boutique development, it promises a blend of privacy and luxurious living in one of Mallorca’s most sought-after areas.
- luxury
- city
- beach
Highlights
- Private rooftop terrace
- Located in a boutique development
- 116 square metres of built area
- Exclusive residential setting
- Contemporary architecture
Good fit for: Ideal for those seeking a modern home in a vibrant urban environment.
Lifestyle scores
- Beach
- 80
- Walkable
- 80
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 85
- Investment
- 75
- Luxury
- 90
- Value
- 70
About this place
Discover an exceptional opportunity to own a beautifully designed penthouse in Palma, where contemporary architecture meets the relaxed Mediterranean lifestyle. This elegant home is part of an exclusive boutique development comprising just 18 residences, combining privacy, comfort, and timeless design in one of Mallorca’s most desirable locations.
With a built area of 116 square metres and a usable area of 104 square metres, this penthouse provides ample space for comfortable living. Enjoy the benefits of modern living while being situated in a vibrant city known for its charming atmosphere and stunning coastal views.
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
