Stylish Ground Floor Apartment in Prestigious Calatrava
€1,495,000€9,061/m²
Palma de Mallorca, Palma de Mallorca, Spain
2
bedrooms
2
bathrooms
165 m²
interior
475 m²
plot
Apartment
property type
7 Jun 2026
listed
The Habio take
AI summaryThis exceptional ground floor apartment in Calatrava boasts 165 m² of living space, featuring a spacious private terrace. Located in the sought-after Palma de Mallorca, it combines modern comforts with historic charm.
- city
- historic
- luxury
Highlights
- 2 bedrooms, 2 bathrooms
- Private terrace of 50 m²
- High 5-metre ceilings
- Renovated with top-quality materials
- In the heart of Calatrava neighbourhood
Worth knowing
- Potential noise from street activity
- Limited outdoor space beyond the terrace
Good fit for: Ideal for professionals or couples seeking a stylish urban lifestyle.
Lifestyle scores
- Beach
- 80
- Walkable
- 90
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 85
- Investment
- 75
- Luxury
- 80
- Value
- 70
About this place
Magnificent ground floor apartment of 140 m2, complemented with a basement area of 25 m2. The property has a private terrace of 50 m2 and is located in the heart of the prestigious Calatrava neighbourhood. With high ceilings of 5 metres, the renovated property features top quality materials while preserving its original charm.
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
