Palma de Mallorca, Baleares, Spain
Modern 2-Bed Apartment in El Terreno, Palma de Mallorca
€489,000
€7,887/m²
- 2
- Bedrooms
- 1
- Bathroom
- 62 m²
- Interior
- Apartment
- Type
- 4 Aug 2026
- Listed
The Habio take
This completely renovated 2-bedroom apartment offers a modern and functional living space. Located in the charming El Terreno area of Palma, it's perfect for both residential living and investment opportunities.
- city
- beach
- investment
- new build
Highlights
- Completely renovated with modern features
- Private patio for outdoor enjoyment
- Bright living/dining room
- Proximity to Paseo Marítimo and city centre
- Ideal for both residency and investment
Good fit for: Perfect for couples, small families, or investors looking for a modern home in Palma.
Lifestyle scores
- Beach
- 80
- Walkable
- 75
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 85
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
This brand-new apartment in El Terreno, Palma, has been completely renovated and is ready for immediate occupancy. It features a smart and modern design, making it suitable for permanent living or as an investment property.
The layout includes two bedrooms—a double and a single—along with a bright living/dining room and a fully equipped integrated kitchen. There is also a full bathroom and a private patio, ideal for enjoying the outdoor space. The apartment boasts high ceilings, wooden floors, new installations, and carefully designed contemporary lighting.
El Terreno is a rapidly appreciating area, situated close to Palma’s scenic Paseo Marítimo, the historic Bellver Castle, and the city centre. Residents can enjoy a blend of local charm, tranquillity, and easy access to restaurants, services, and public transport.
What this place offers
- private patio
- fully equipped kitchen
Getting around
- Good water quality
Nearest beach · Playa Cala Major
~13 min drive · 6.3 km
Palma de Mallorca (PMI)
~19 min drive · 13 km
Approximate, measured from the property's area rather than its exact address. Drive times © OpenStreetMap contributors (OSRM); airports: OurAirports; bathing water: European Environment Agency, 2024 season.
Where you’ll be
Palma de Mallorca, Baleares, Spain
- Nearest airport
- Palma de Mallorca (PMI)
- 10 km
- Also close
- Ibiza (Eivissa) (IBZ)
- 132 km
- Nearest city
- Barcelona
- 206 km
Marker is the location supplied by the agency — approximate, and often deliberately so. The exact address is confirmed on enquiry. Distances are straight-line.
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.
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
