Luxury Townhouse with Rooftop Terrace in Palma's Old Town
€5,750,000
Spain
Townhouse
property type
3 weeks ago
listed
The Habio take
AI summaryThis newly built luxury townhouse in Palma's historic Casco Antiguo boasts modern comfort and refined style, highlighted by a private rooftop terrace. Enjoy the blend of traditional Mallorcan charm and contemporary living, with easy access to the upscale Jaime III and artistic Calle Feliu.
- city
- historic
- luxury
Highlights
- Private elevator servicing all levels
- Rooftop terrace with city views
- Located in Palma's historic Casco Antiguo
- Close to Jaime III and Calle Feliu
- Fully reformed with modern finishes
Worth knowing
- High purchase price
- Limited outdoor space
- Potential traffic in peak tourist season
Good fit for: Ideal for buyers seeking a blend of modern luxury and historical charm.
Lifestyle scores
- Beach
- 50
- Walkable
- 90
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 45
About this place
Tucked away on a quiet street in Palma’s historic Casco Antiguo, this newly built townhouse offers refined style, modern comfort, and complete privacy—serviced by a private elevator that connects every level, including the rooftop terrace. Just moments from the prestigious Jaime III and the artful Calle Feliu, the home blends timeless Mallorcan charm with contemporary […]
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
