Renovated Duplex Penthouse in Palma City Centre
€750,000
Palma, Balearic Islands, Spain
Penthouse
property type
3 weeks ago
listed
The Habio take
AI summaryThis stylish duplex penthouse combines contemporary comfort with authentic Mallorcan character, located in the vibrant city centre of Palma. With south-facing orientation and cross-ventilation, it enjoys abundant natural light and a private atmosphere.
- city
- luxury
Highlights
- Duplex layout for spacious living
- Bright and airy with natural light
- Located in vibrant city centre
- Renovated with contemporary comforts
- Private setting with only one neighbour
Good fit for: Ideal for those seeking a sophisticated urban living experience in Mallorca.
Lifestyle scores
- Beach
- 80
- Walkable
- 90
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 85
- Investment
- 75
- Luxury
- 75
- Value
- 65
About this place
This refined duplex penthouse offers an exceptional blend of contemporary comfort and authentic Mediterranean character, set within a charming Mallorcan house with direct street access and only one neighbor below, ensuring privacy and tranquility.
Bathed in natural light thanks to its south-facing orientation and cross-ventilation, the property features a bright and elegant living atmosphere. The layout is carefully designed to maximise space and comfort, making it an ideal urban retreat in one of Mallorca's most sought-after locations.
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
