Luxuriously Renovated Apartment with Sea Views on Paseo Marítimo
€1,380,000€11,040/m²
Palma de Mallorca, Palma de Mallorca, Spain
2
bedrooms
2
bathrooms
125 m²
interior
475 m²
plot
Apartment
property type
7 Jun 2026
listed
The Habio take
AI summaryThis stunning two-bedroom apartment boasts panoramic sea views and luxurious finishes, situated in the prestigious Paseo Marítimo of Palma de Mallorca. Renowned for its vibrant cultural scene and proximity to the beach, this location offers a desirable blend of urban life and coastal leisure.
- beach
- luxury
- city
Highlights
- 2 spacious bedrooms
- 2 modern bathrooms
- 125 m² of elegant living space
- Panoramic sea views
- High-quality finishes throughout
- Prime location on Paseo Marítimo
Worth knowing
- High price point for the area
- Potential for tourist traffic nearby
Good fit for: Ideal for buyers seeking a luxurious coastal lifestyle.
Lifestyle scores
- Beach
- 90
- Walkable
- 80
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 85
- Investment
- 80
- Luxury
- 90
- Value
- 55
About this place
This exquisitely reformed apartment is located in one of Palma’s most sought-after areas — the prestigious Paseo Marítimo — and offers an exceptional blend of luxury, comfort, and style. Every detail has been carefully designed and executed using only the finest materials and top-tier brands.
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
