Spacious Four-Bedroom Apartment in Exclusive Mediterráneo Building
€2,980,000€12,845/m²
Paseo Marítimo, Paseo Marítimo, Spain
4
bedrooms
3
bathrooms
232 m²
interior
1 m²
plot
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis exceptional four-bedroom apartment spans 232 m² within the exclusive Mediterráneo Building on Palma's picturesque Paseo Marítimo. Enjoy a prime coastal location that offers both luxury and access to the vibrant lifestyle of Palma.
- luxury
- beach
- city
- coastal
Highlights
- Four spacious bedrooms
- Three modern bathrooms
- Total area of 232 m²
- Located in the prestigious Mediterráneo Building
- Stunning coastal views from the Paseo Marítimo
- Generous plot size of 1,224 m²
Good fit for: Ideal for those seeking luxury living in a vibrant coastal city.
Lifestyle scores
- Beach
- 90
- Walkable
- 85
- Remote work
- 75
- Family
- 70
- Retirement
- 80
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 60
About this place
Discover the Exclusivity of the Mediterráneo Building in Palma
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
