Urban Building Plot 18m from the Sea in El Molinar
€3,500,000€45,455/m²
Molinar & Portixol, Molinar & Portixol, Spain
1
bedroom
1
bathroom
77 m²
interior
305 m²
plot
Land
property type
2 weeks ago
listed
The Habio take
AI summaryThis urban plot in El Molinar spans 305m², just 18 metres from the sea. With potential for developing up to four flats or three to four townhouses, it’s situated in a highly sought-after area of Palma.
- beach
- investment
- development
- city
Highlights
- Coastal location just steps from the beach
- Buildable area of 400m² provides development options
- Close proximity to essential amenities
- High price projection in a desirable neighbourhood
Worth knowing
- Existing construction may require renovation
- Local regulations could impact development plans
Good fit for: Ideal for developers or investors looking to capitalise on a prime location.
Lifestyle scores
- Beach
- 90
- Walkable
- 70
- Remote work
- 60
- Family
- 50
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 75
- Value
- 65
About this place
Urban plot of 305m2, 18 metres from the sea in El Molinar Palma, with a small construction of 47m2 and 20m2 of storage room. It is possible to build 4 flats (with 2 floors) or between 3 or 4 townhouses depending on m2 and regulations, there is a buildable area of 400m2. Very sought after area with high price projection.
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
