Exclusive Four-Bed Penthouse with Terrace in Palma
€1,669,500€12,648/m²
Palma de Mallorca, Palma de Mallorca, Spain
4
bedrooms
2
bathrooms
132 m²
interior
Penthouse
property type
1 week ago
listed
The Habio take
AI summaryThis stunning four-bedroom penthouse boasts a remarkable terrace and generous outdoor spaces. Located in one of Palma's most desirable residential areas, it offers easy access to the Paseo Marítimo, Santa Catalina, and the historic city centre.
- city
- luxury
- garden
- historic
Highlights
- Four spacious bedrooms
- Stunning terrace for outdoor living
- Exceptional brightness throughout
- Prime location near Paseo Marítimo
- Close to Santa Catalina and historic centre
Good fit for: Ideal for those seeking a luxurious urban lifestyle with ample space.
Lifestyle scores
- Beach
- 80
- Walkable
- 85
- Remote work
- 80
- Family
- 75
- Retirement
- 70
- Airport access
- 90
- Investment
- 85
- Luxury
- 88
- Value
- 65
About this place
Situated in one of Palma de Mallorca's most sought-after residential areas, this magnificent penthouse features exceptional brightness and expansive outdoor spaces. With a generous internal area of 132m², it comprises four bedrooms and two bathrooms, making it ideal for families or those who appreciate luxury living.
The penthouse's prime location allows you to enjoy the vibrant lifestyle of Palma, with the scenic Paseo Marítimo, the trendy Santa Catalina market, and the enchanting historic city centre all just minutes away. Whether you seek culinary delights, cultural experiences, or simply a leisurely stroll along the seafront, this property is perfectly positioned to indulge your every desire.
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
