Elegant Three-Bedroom Duplex in Palma's Historic Old Town
€1,295,000€8,196/m²
Palma Old Town, Palma Old Town, Spain
3
bedrooms
3
bathrooms
158 m²
interior
Apartment
property type
3 weeks ago
listed
The Habio take
AI summaryThis sophisticated duplex apartment features luxury finishes and is situated in the heart of Palma's renowned Old Town, particularly in the desirable area of La Lonja.
- city
- historic
- luxury
Highlights
- Luxury finishes
- High ceilings
- Open-concept design
- Integrated traditional patio
- Sought-after location in La Lonja
- Three spacious bedrooms
Good fit for: Ideal for those seeking a luxurious home in a vibrant historic setting.
Lifestyle scores
- Beach
- 60
- Walkable
- 90
- Remote work
- 75
- Family
- 70
- Retirement
- 65
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 55
About this place
This brand-new duplex apartment offers a unique residential investment opportunity in Palma's Old Town, specifically within the highly sought-after district of La Lonja. The property is elegantly integrated into a traditional Mallorcan patio that showcases beautiful exposed stone arches, complemented by superior Teka wood enclosures and high-quality main doors, reflecting the contemporary luxury characterising the entire building.
With a generous internal area of 158 square meters, the property is thoughtfully distributed across the ground floor and an elegant mezzanine. It stands out for its high ceilings and an open-concept design, which maximises the entry of natural light into all main rooms, creating a bright and inviting 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
