Renovated Three-Bedroom Penthouse in S’Escorxador, Palma
€820,000€4,432/m²
Palma de Mallorca, Palma de Mallorca, Spain
3
bedrooms
2
bathrooms
185 m²
interior
Penthouse
property type
6 Jun 2026
listed
The Habio take
AI summaryThis beautifully renovated three-bedroom penthouse offers a spacious 185 m² of urban comfort in the desirable S’Escorxador neighbourhood. Just moments from Palma’s city centre, enjoy easy access to restaurants, cafés, and shops.
- city
- walkable
Highlights
- Spacious 185 m² of living space
- Three bedrooms with two bathrooms
- Renovated for modern convenience
- Close to Palma's vibrant city centre
- Residential but lively neighbourhood
Worth knowing
- Limited outdoor space typical of urban penthouses
Good fit for: Ideal for those seeking a vibrant urban lifestyle in Palma.
Lifestyle scores
- Beach
- 60
- Walkable
- 80
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 70
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
Located in the sought-after neighborhood of S’Escorxador, next to the vibrant pedestrian street of Blanquerna, this beautifully renovated penthouse combines urban living with comfort and privacy, just minutes from Palma’s city center. Restaurants, cafés, shops, and everyday services are all within easy reach.
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
