Duplex Penthouse with Terraces and Parking in Santa Catalina
€650,000
Penthouse
property type
3 weeks ago
listed
The Habio take
AI summaryThis duplex penthouse offers 106 sqm of living space and boasts two terraces, ideal for outdoor entertaining. Located in the heart of Santa Catalina, a vibrant area in Palma, this property presents an excellent investment opportunity.
- city
- new build
- investment
- luxury
Highlights
- Vibrant Santa Catalina neighbourhood
- Two spacious terraces
- Elevator access
- Parking included
- Great investment potential
Worth knowing
- Car likely needed for daily errands
Good fit for: Best suited for buyers seeking a lively lifestyle in Palma's cultural hub.
Lifestyle scores
- Beach
- 70
- Walkable
- 85
- Remote work
- 60
- Family
- 50
- Retirement
- 60
- Airport access
- 80
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
Located in the heart of Santa Catalina, one of Palma’s most vibrant and sought-after neighbourhoods, this unique duplex penthouse offers excellent potential and great investment opportunity.
Set within a building with an elevator, the property occupies the second, third, and fourth floors, combining generous indoor living with exceptional outdoor spaces.
The spacious layout includes multiple levels, allowing for privacy and distinct living areas. The two terraces provide plenty of outdoor space for relaxation or entertaining, making this an ideal choice for those who appreciate the Mediterranean lifestyle.
Furthermore, the penthouse comes with a parking space, a valuable find in this bustling area.
What this place offers
- parking
- elevator
- terrace
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
