Luxury Penthouse for Sale in Palma de Mallorca

​This stunning luxury penthouse for sale in Palma de Mallorca offers an exceptional living experience, expertly designed to combine modern architectural efficiency with the relaxed Mediterranean lifestyle. With a generous living area of 116 m², the residence features a bright open-plan living and dining area, a fully equipped high-end kitchen, 3 spacious bedrooms—including a master suite with an en-suite bathroom—a separate bathroom, and a guest toilet. Perfect for year-round comfort, the property is equipped with an energy-efficient aerothermal system supplying underfloor heating and reverse-cycle air conditioning throughout. Seamlessly blending indoor and outdoor living, every room provides direct access to a combined 54 m² of private terraces, capped by a magnificent 99 m² rooftop sun terrace offering panoramic views. Residents also benefit from a private underground parking space, a separate storage room, and access to an exclusive community area featuring beautifully landscaped gardens, spacious sun decks, and a pristine swimming pool.

Situated in the highly desirable and peaceful residential neighborhood of Son Dameto, this exquisite apartment for sale provides a perfect balance between tranquil community living and cosmopolitan accessibility. Located in the western part of Palma (Ponent district) and bordering historic areas like Son Espanyolet, the property avoids the tourist crowds while remaining incredibly well-connected. Future owners will enjoy a fast, direct connection to the highway, making the international airport easily reachable in just 10–15 minutes by car. The local area is exceptionally attractive due to its proximity to some of Mallorca's most prestigious schools, essential sports facilities, and medical services. Furthermore, a pleasant 15 to 20-minute walk brings you straight into the beating heart of Palma's city center, the Avingudas, or the vibrant culinary and trendy hotspot of Santa Catalina, making this authentic and clean Spanish neighborhood highly sought after by discerning buyers.

No detail has been spared in the interior design and technical specifications of this penthouse for sale, as the construction uses only carefully selected, premium materials to ensure the highest standards of luxury. Scheduled for completion in late summer 2028, the property boasts a sleek, contemporary aesthetic with beautiful porcelain stoneware flooring and premium aluminum windows and doors featuring double glazing and superior thermal and acoustic insulation. The culinary heart of the home is a high-quality fitted kitchen, seamlessly integrated into the dining area and outfitted with modern cabinetry and top-tier appliances. Advanced technical features include an eco-friendly air-source heat pump for hot water, an integrated ventilation system, an automated video intercom, a practical separate utility room, and energy-saving LED spot lighting embedded throughout the clean, modern ceilings, guaranteeing absolute functionality and long-term durability.

Acquiring this premium apartment for sale involves several transactional costs and regional taxes that must be calculated alongside the purchase price of €1,475,000. In Mallorca (Balearic Islands), the Property Transfer Tax (ITP) for resales or standard purchase taxes operate on a progressive scale based on the property value. For a purchase of €1,475,000, the tax brackets are structured as follows: the first €400,000 is taxed at 8% (€32,000); the next bracket from €400,001 to €600,000 is taxed at 9% (€18,000); the portion from €600,001 to €1,000,000 is taxed at 10% (€40,000); and any amount exceeding €1,000,000 is taxed at a premium rate of 12%, which applies to the remaining €475,000 (€57,000). This brings the total purchase tax alone to exactly €147,000. When adding the fixed estimated notary fees of approximately €4,000, the dedicated legal and administrative gestor fees of roughly €2,000, and an estimated €2,000 for other miscellaneous costs like land registry registration, the total additional expenses reach €155,000, resulting in an estimated total investment of €1,630,000.