Spacious Four-Bed Villa with Creative Potential in Playa de Palma
€1,650,000€3,261/m²
Arenal & Can Pastilla, Arenal & Can Pastilla, Spain
4
bedrooms
3
bathrooms
506 m²
interior
680 m²
plot
Villa
property type
2 weeks ago
listed
The Habio take
AI summaryDiscover a spacious four-bedroom villa in Playa de Palma, offering significant potential for redesign. Located in Las Maravillas, it provides easy access to the beach promenade, Palma, and local amenities.
- beach
- family
- investment
- renovation
- walkable
- city
Highlights
- Four spacious bedrooms
- Three bathrooms plus a separate WC
- Extensive internal area of 506 m²
- Large basement with garage for multiple vehicles
- Proximity to vibrant beach life and Palma
- Flexible outdoor areas for various uses
Worth knowing
- Potential redesign required to maximise features
- High ceilings may not suit all tastes
Good fit for: Ideal for families or individuals looking for a project near the coast.
Lifestyle scores
- Beach
- 90
- Walkable
- 80
- Remote work
- 70
- Family
- 80
- Retirement
- 65
- Airport access
- 85
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
Discover this exceptional villa in Playa de Palma (in Las Maravillas) - a property with a lot of potential. The property is situated on a plot of approx. 679 sqm. With two floors, high ceilings, a spacious basement with garage for ample parking and various terraces, it offers a good basis for a creative redesign. The villa has four spacious bedrooms, three bathrooms, a separate WC and two stylish living and dining areas, each with a fireplace. A fully equipped kitchen and spacious outdoor areas create flexible possibilities that are ideal for different living or utilisation requirements. Additional highlights such as the large basement with space for several vehicles as well as the proximity to the lively beach promenade and the airport and the quick commute to Palma, make this property a particularly attractive opportunity. All amenities are within walking distance of this property.
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
