Beautifully Renovated Penthouse with Large Terrace in Son Armadams
€895,000
Spain
Penthouse
property type
15 Jun 2026
listed
The Habio take
AI summaryThis spacious penthouse features a remarkable private terrace, perfect for outdoor living. Located in Son Armadams, a desirable area of Palma, you'll enjoy proximity to the Paseo Marítimo and the lively Santa Catalina district.
- luxury
- terrace
- walkable
- city
- investment
Highlights
- Large private terrace on the same level
- Beautifully renovated interior
- Located in a sought-after residential area
- Close to the Paseo Marítimo
- Small building with only seven residents
Worth knowing
- No parking information provided
- Potentially limited local amenities
Good fit for: Ideal for a discerning buyer seeking a stylish urban retreat.
Lifestyle scores
- Beach
- 80
- Walkable
- 85
- Remote work
- 70
- Family
- 55
- Retirement
- 65
- Airport access
- 70
- Investment
- 75
- Luxury
- 80
- Value
- 65
About this place
Discover this beautifully renovated penthouse with an exceptional private terrace on the same level, located in Son Armadams, one of Palma’s most sought-after residential areas, just minutes from the Paseo Marítimo, Bellver Castle park and the vibrant Santa Catalina district. Set within an intimate and well-maintained building of only seven residents, this elegant home offers […]
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.
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
