Stylish Renovated Studio Penthouse with Terrace in Palma de Mallorca
€420,000
Palma de Mallorca, Mallorca, Spain
Studio
property type
16 Jun 2026
listed
The Habio take
AI summaryThis stunning studio penthouse features a spacious terrace, perfectly situated between the bustling Paseo Maritimo and the chic El Terreno. Enjoy the vibrant lifestyle of Palma de Mallorca, with easy access to local attractions and amenities.
- city
- walkable
- luxury
Highlights
- Renovated in 2019
- Open-plan living
- Located in trendy El Terreno
- Terrace space
- Close to Paseo Maritimo
Worth knowing
- Studio size may not suit larger families
- Limited storage options in a studio layout
Good fit for: This property is ideal for singles or couples looking for a vibrant urban lifestyle.
Lifestyle scores
- Beach
- 75
- Walkable
- 85
- Remote work
- 65
- Family
- 40
- Retirement
- 60
- Airport access
- 80
- Investment
- 70
- Luxury
- 70
- Value
- 50
About this place
Welcome to your new dream home in Palma de Mallorca! Nestled between the vibrant Paseo Maritimo and the trendy El Terreno neighbourhood, this unique penthouse is a perfect blend of style and comfort.
This designer penthouse was completely renovated in 2019 and transformed into a radiant jewel, boasting approximately 64 square metres of open-plan living space.
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
