Plot with Approved Project for Luxury Villa in Son Gual II
€550,000€1,482/m²
3
bedrooms
3
bathrooms
371 m²
interior
9 m²
plot
Land
property type
7 Jun 2026
listed
The Habio take
AI summaryThis expansive plot in Son Gual II encompasses 9,124 m² and features an approved project with building licence for a contemporary luxury villa. Situated in one of Palma's most promising areas, it offers an exceptional opportunity for bespoke construction.
- luxury
- investment
- new build
- countryside
Highlights
- 9,124 m² plot size
- Approved building licence
- Ready for contemporary villa design
- High potential area in Palma
- Exclusive Son Gual II location
Worth knowing
- Construction timeline required
- Project execution depends on planning procedures
Good fit for: Ideal for builders or investors looking to create a premium residence.
Lifestyle scores
- Beach
- 50
- Walkable
- 40
- Remote work
- 60
- Family
- 50
- Retirement
- 70
- Airport access
- 70
- Investment
- 80
- Luxury
- 85
- Value
- 75
About this place
This exclusive plot in Son Gual II, with a granted license, is located in one of the areas with the highest potential in Palma. With 9,124 m² of land, it already has the approved execution project and is ready for the construction of a contemporary luxury villa.
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
