Exclusive Two-Bedroom Apartment with Large Terrace in Palma
€1,150,000€8,333/m²
Palma de Mallorca, Palma de Mallorca, Spain
2
bedrooms
2
bathrooms
138 m²
interior
Apartment
property type
7 Jun 2026
listed
The Habio take
AI summaryThis unique two-bedroom apartment features a spacious terrace and high-quality finishes, ideal for outdoor living in the vibrant Palma de Mallorca. Nestled in a quiet community, it offers easy access to local amenities, enhancing the urban lifestyle.
- city
- luxury
- walkable
- retirement
Highlights
- Large terrace ideal for entertaining
- High-quality renovation throughout
- Quiet community in a sought-after area
- Two parking spaces included
- Air conditioning for year-round comfort
Worth knowing
- May have higher maintenance costs due to exclusive finishes
Good fit for: Perfect for urban dwellers seeking a blend of luxury and tranquillity.
Lifestyle scores
- Beach
- 70
- Walkable
- 80
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 85
- Investment
- 80
- Luxury
- 85
- Value
- 65
About this place
An unbeatable reform makes this apartment a unique and exclusive property. A detailed and practical client can find his ideal place here. Very quiet community in one of the most demanded areas of Palma, within reach of all amenities. At the entrance is the spacious living room with kitchen with access to the huge terrace. The night area is made up of a large suite with bathroom and dressing room and another room. Two parking spaces complete the property. Hot and cold air conditioning throughout the house. Reform made with high quality materials.
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
