Stunning Duplex Penthouse with Two Terraces in Palma de Mallorca
€1,950,000
Spain
Penthouse
property type
3 weeks ago
listed
The Habio take
AI summaryDiscover this magnificent duplex penthouse, which boasts two expansive terraces and modern design throughout. Ideally located in the vibrant Bons Aire neighbourhood, it offers easy access to Palma's historic centre and Riera Park.
- city
- luxury
- walkable
- historic
Highlights
- Completely refurbished with modern design
- Two large terraces for outdoor living
- Elevator access to the 9th floor
- In vibrant Bons Aire neighbourhood
- Close to Palma's old town and Avenidas
Worth knowing
- High price point may limit buyer pool
- Penthouse location may require climbing stairs if elevator down
Good fit for: Perfect for those seeking luxury living in a bustling urban environment.
Lifestyle scores
- Beach
- 80
- Walkable
- 95
- Remote work
- 75
- Family
- 60
- Retirement
- 70
- Airport access
- 90
- Investment
- 85
- Luxury
- 90
- Value
- 60
About this place
Welcome to this magnificent duplex penthouse in the heart of Palma de Mallorca. Located on the 9th floor with elevator, this completely refurbished property shows a modern and avant-garde design, offering luxury and comfort in the vibrant neighborhood of Bons Aire, within walking distance to the old town, Avenidas and the serene Riera Park. The […]
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
