Apartment for Sale close to the Beach in El Toro

This beautiful apartment for sale features a comfortable living space of 76 m² and includes 2 cozy bedrooms and 1 fully equipped bathroom, making it an ideal choice for both permanent residency and a lock-up-and-go holiday home. The property offers a spacious and exceptionally bright living room that seamlessly blends into an open-plan kitchen, which provides plenty of room for a dining table. For year-round comfort, a split air conditioning system is installed to ensure optimal indoor climate control. Although there is no traditional private garden or swimming pool, the building is equipped with a modern elevator for easy 1st-floor access and includes a dedicated, private outdoor parking space fully integrated into the total purchase price.

Perfectly situated in a highly desirable coastal area, this flat for sale is located just a 5-minute stroll away from the sandy shores of El Toro beach, making daily walks by the sea an effortless reality. The residence stands directly opposite the prestigious and vibrant Port Adriano, famous for its luxury yachts, fine dining, boutiques, and lively atmosphere. Additionally, strategic connectivity is a major highlight, as the property sits only 20 minutes away from the island's capital, Palma, and roughly 25 to 30 minutes from Palma de Mallorca Airport (PMI), making it incredibly attractive for weekend commuters and international travelers alike.

Presented in a functional layout, this apartment for sale offers an open-plan kitchen concept that transitions smoothly into the main living quarters, establishing a social and inviting atmosphere. While the apartment is fully liveable in its current state, it is being offered in a slightly older cosmetic condition, meaning it would highly benefit from a light renovation or aesthetic update. Taking the time to modernize the kitchen cabinets, refresh the flooring, and update the interior furnishings will not only transform this property into a stunning personal Mediterranean retreat but will also maximize its long-term market value, making it a truly excellent investment.

When purchasing this second-hand flat for sale for €360,000, buyers must account for the progressive Property Transfer Tax (ITP) in the Balearic Islands, which is applied at a rate of 8% for properties valued up to €400,000, resulting in an ITP tax of exactly €28,800 (€360,000 × 0.08). In addition to the transfer tax, the buyer will incur approximately €1,400 in notary fees to register the public deed, around €500 for the professional gestor handling the paperwork, and about €400 for land registry fees and standard legal stamps. Combining the €28,800 ITP tax with the €2,300 in ancillary expenses, the total estimated closing costs for this transaction will amount to exactly €31,100, bringing the total investment to €391,100.