New Two-Bedroom Apartment in XO Residence, Palma de Mallorca
€970,000€11,279/m²
Palma de Mallorca, Palma de Mallorca, Spain
2
bedrooms
2
bathrooms
86 m²
interior
Apartment
property type
7 Jun 2026
listed
The Habio take
AI summaryThis brand new two-bedroom luxury apartment is ready to move into, featuring a modern design and high-quality finishes. Located in Palma de Mallorca's Llevant district, it is just a 10-minute stroll from the beach and offers excellent amenities.
- beach
- luxury
- city
- new build
Highlights
- Brand new luxury apartment
- 10-minute walk from the beach
- Communal swimming pool, gym, and spa
- Smart home technology and energy efficient
- Easy access to Palma city centre and airport
- Concierge service available
Worth knowing
- Furniture and parking not included in the price
- Monthly community fees likely for amenities
Good fit for: Ideal for those seeking a modern urban lifestyle close to the beach.
Lifestyle scores
- Beach
- 90
- Walkable
- 70
- Remote work
- 75
- Family
- 65
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 60
About this place
Brand new luxury apartment just 10 minutes walk from the beach. Welcome to your new home in Palma de Mallorca, just a 10-minute walk from the Portixolet and Can Pere Antoni beaches. The apartment is part of a brand-new complex XO Residence, offering a communal swimming pool, gym, spa, cafe and lush garden lounge. Concierge service is available for the residents of the complex. The residence nests within Palma de Mallorca's Llevant district. With only a 10-minute drive to Mallorca airport and 7 minutes to the city centre, XO Residences Palma offers both tranquillity and accessibility. This 85.6 square meter apartment, inclusive of a 6.6 square meter terrace, features 2 bedrooms, a living room, 2 spacious bathrooms, and a private elevator from the underground parking. This turnkey apartment includes a smart home system, automated blinds, TV, wine fridge, refrigerator, microwave, oven, hob, washing machine, dishwasher, and water purification system. Plus, rest assured with a 10-year warranty from a reliable construction company. This home is environmentally friendly, featuring a rainwater collection and reuse system, along with solar panels for water heating, reducing your carbon footprint. It also comes with an energy certificate rating of A, ensuring energy efficiency and cost savings. The furniture, underground car parking and storage room are not included in the price.
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











