Newly Built Penthouse with Terrace in Palmanova
€640,000
Palmanova, Balearic Islands, Spain
Penthouse
property type
3 weeks ago
listed
The Habio take
AI summaryThis elegant newly built penthouse features two bedrooms and a delightful terrace. Located in the popular area of Palmanova, it embodies modern comfort intertwined with the Mediterranean lifestyle.
- coastal
- luxury
- garden
- quiet
Highlights
- Newly built penthouse
- Two bedrooms
- 12m² terrace
- Quality finishes
- Desirable Palmanova location
- Access to garage and gym
Good fit for: Ideal for those looking for a modern home in a vibrant coastal area.
Lifestyle scores
- Beach
- 80
- Walkable
- 60
- Remote work
- 65
- Family
- 60
- Retirement
- 75
- Airport access
- 70
- Investment
- 70
- Luxury
- 80
- Value
- 65
About this place
Nestled in the desirable area of Palmanova, this newly built two-bedroom penthouse is a true gem for those seeking modern comfort and a Mediterranean lifestyle. Spanning 112m² of thoughtfully designed living space, the property also includes a 12m² terrace, offering a cozy outdoor area to relax and take in the tranquil surroundings.
Crafted with superior quality finishes, the penthouse provides an excellent balance of style and functionality. The modern design and amenities make it a perfect choice for anyone looking to enjoy life in this picturesque region.
What this place offers
- garage
- gym
- 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
