Licensed Apartment Block Project in Santa Catalina, Palma
€300,000€1,200/m²
Palma - Santa Catalina, Baleares, Spain
6
bedrooms
6
bathrooms
250 m²
interior
88 m²
plot
Land
property type
6 Aug 2026
listed
The Habio take
AI summaryThis licensed project offers a unique opportunity to build a six-storey apartment block in the desirable Santa Catalina district, known for its vibrant atmosphere. Located close to Palma's promenade, port, and historic centre, it provides easy access to various local amenities.
- city
- investment
- new build
Highlights
- Licensed for high-rise residential development
- Located in the fashionable Santa Catalina area
- Close to Palma's promenade and port
- Excellent public transport access
- Potential for three duplex homes with pools
- Urban land with all necessary utilities
Good fit for: Ideal for developers looking to create luxury apartments in a sought-after area.
Lifestyle scores
- Beach
- 80
- Walkable
- 90
- Remote work
- 70
- Family
- 50
- Retirement
- 60
- Airport access
- 70
- Investment
- 85
- Luxury
- 75
- Value
- 65
About this place
This property is a licensed apartment block project for sale in Son Espanyolet, allowing for the construction of three duplex homes. The building will feature six storeys and is situated in the privileged Santa Catalina neighbourhood of Palma de Mallorca. This location is a short walk from the promenade and port, making it an ideal spot for enjoying the best of Palma.
The project includes a ground floor duplex with a terrace and pool, as well as further duplexes and a penthouse with a solarium and plunge pool. Each residence will have access to modern amenities and benefits from urban road access, with convenient public transport options available for commutes in and out of the city.
With a total land area of 88 m² and a constructed area of 250 m² across the six stories, this project is designed for high-rise residential use and includes the necessary utilities such as water, electricity, sewerage, natural gas, and street lighting.
Where you’ll be
Palma - Santa Catalina, Baleares, Spain
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying 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.
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
