Generous Penthouse for Sale in Port Andratx with Sea Views

Presented by Mallorca Dream Living, this exceptional penthouse for sale in Port Andratx is located in the highly sought-after residence Gran Folies, one of the most prestigious and in-demand communities in the southwest of Mallorca. The property offers approximately 190 m² of built living space, complemented by generous terrace areas of around 100 m², creating a perfect blend of indoor and outdoor Mediterranean living. Inside, the penthouse features three spacious bedrooms and three bathrooms, designed with comfort and elegance in mind. Bright open-plan living areas connect seamlessly with the terraces, offering stunning sea views and an ideal setting for relaxation and entertaining. This penthouse for sale in Port Andratx represents a rare opportunity in the exclusive Gran Folies residence.

Situated in the exclusive harbour town of Port Andratx, this penthouse for sale in Port Andratx enjoys a privileged position within the highly sought-after residence Gran Folies. Built in 2004, Gran Folies is renowned for its privacy, security, premium amenities and elevated setting with spectacular views over the sea and surrounding coastline. Port Andratx is one of Mallorca’s most desirable addresses, known for its luxury marina, fine dining restaurants, stylish boutiques and vibrant waterfront lifestyle. Beaches, golf courses and Palma city are all within easy reach, making this penthouse for sale in Port Andratx ideal for both year-round living and exclusive holiday escapes.

The residence Gran Folies offers first-class facilities including beautifully maintained gardens, multiple swimming pools, indoor wellness areas, fitness facilities and concierge-style services. The penthouse itself features expansive terraces, air conditioning, underfloor heating, lift access, private parking and a modern fully equipped kitchen. Every detail has been carefully designed to ensure maximum comfort and a refined Mediterranean lifestyle. This penthouse for sale in Port Andratx combines luxury living with the prestige of one of Mallorca’s most sought-after residential communities.

For the purchase of this property with a sale price of €1,950,000, the ITP (Impuesto de Transmisiones Patrimoniales) in the Balearic Islands is calculated using a progressive tax system where different portions of the purchase price are taxed at different rates. The first €400,000 is taxed at 8%, resulting in €32,000, the portion from €400,000 to €600,000 is taxed at 9%, resulting in €18,000, the portion from €600,000 to €1,000,000 is taxed at 10%, resulting in €40,000, and the remaining €950,000 is taxed at 11%, resulting in €104,500, which together gives a total exact ITP of €194,500. In addition, notary and land registry fees are estimated at approximately 1.5% of the purchase price, equaling €29,250, while Gestoría and administrative costs are estimated at around 0.75%, equaling €14,625. This results in total purchase costs of approximately €238,375 and a total acquisition price including all taxes and fees of around €2,188,375.