Luxurious Five-Bedroom Townhouse in Palma Old Town
€12,500,000€22,321/m²
Palma Old Town, Palma Old Town, Spain
5
bedrooms
6
bathrooms
560 m²
interior
22 m²
plot
Townhouse
property type
7 Jun 2026
listed
The Habio take
AI summaryThis spectacular townhouse features five bedrooms and six bathrooms, showcasing a seamless blend of avant-garde and traditional design in the heart of Palma Old Town. Enjoy the charm of the historic area with its beautiful architecture and vibrant cultural scene.
- luxury
- historic
- walkable
- city
Highlights
- 560 m² of internal living space
- Desirable location in Palma Old Town
- High-quality finishes and architecture
- Spacious layout with five bedrooms
- Ample outdoor space on a 22,291 m² plot
Worth knowing
- High price point may limit buyer pool
- Potential for limited parking options
Good fit for: Ideal for discerning buyers seeking a luxurious urban lifestyle.
Lifestyle scores
- Beach
- 60
- Walkable
- 90
- Remote work
- 75
- Family
- 70
- Retirement
- 65
- Airport access
- 80
- Investment
- 85
- Luxury
- 95
- Value
- 40
About this place
Located in one of the most beautiful and traditional areas of Palma old town, is this extraordinary and very luxurious townhouse combining avant-garde and traditional features, built to the highest standards to surprise even the most demanding customers in terms of comfort, quality, architecture and design.
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
