Stylish One-Bed Apartment with Expansive Terraces in Palma
€660,000€4,925/m²
Palma de Mallorca, Palma de Mallorca, Spain
1
bedroom
2
bathrooms
134 m²
interior
Apartment
property type
7 Jun 2026
listed
The Habio take
AI summaryThis lovingly renovated one-bedroom apartment features impressive outdoor spaces, including a 50 m² terrace and an 80 m² roof terrace. Ideally situated between the Pere Grau and Foners areas, it combines comfort and style in the heart of Palma de Mallorca.
- city
- outdoor
- historic
- luxury
Highlights
- Spacious 134 m² layout
- Generous outdoor terraces
- Two bathrooms, one en suite
- Small building with only two flats
- Convenient location near local amenities
Worth knowing
- Only one bedroom may limit capacity for guests
- Potential for noise due to urban setting
Good fit for: Best suited for professionals or couples seeking a stylish urban lifestyle.
Lifestyle scores
- Beach
- 80
- Walkable
- 90
- Remote work
- 70
- Family
- 50
- Retirement
- 60
- Airport access
- 85
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
This lovingly renovated flat is located between the Pere Grau and Foners areas of the city in a building with only two parties. It feels like being in a small house. The flat is reached via an open staircase from which you enter a spacious living-dining area. Furthermore, there is a semi-open kitchen with exit to a terrace of approx. 50 m2, a bedroom and two bathrooms, one of them en suite. The sleeping area with lounge area also leads directly to the terrace. In addition to the large terrace on the same level as the living area, there is also an approx. 80 m2 roof terrace. The terraces and the special flair of the flat make it a place to feel comfortable in the middle of Palma.
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
