Apartments for Sale in Mallorca · Luxury & Exclusive from €800K
PENTHOUSE OLD TOWN
Set across the top two floors of a newly completed building, this duplex penthouse turns the usual layout upside down, placing the living spaces at the top wher
2 bedrooms · 3 bathrooms · 207 m²
PENTHOUSE MIRADOR
Penthouse Mirador sits at the top of a newly completed building of only seven residences, finished in 2024. The architecture is direct and well considered: broa
3 bedrooms · 3 bathrooms · 156 m²
PENTHOUSE MIRADOR II
Penthouse Mirador II occupies the top of a newly completed building of only seven residences, finished in 2024. Broad glass façades and gabion walls of local st
3 bedrooms · 3 bathrooms · 223 m²
PENTHOUSE IN THE HEART OF SANTA CATALINA
Welcome to a unique opportunity to acquire a stylish and characterful home on one of Santa Catalina's most sought-after streets. Located on the second floor of
2 bedrooms · 1 bathrooms · 71 m²
3-bedroom apartment close to Santa Catalina Market
This beautifully modern three-bedroom apartment is situated on the third floor of a residential building, just a 500-metre walk from the vibrant Santa Cat
3 bedrooms · 2 bathrooms · 132 m²
Born Elegance
This exceptional second-floor apartment enjoys a prime position in Palma’s historic Old Town, just moments from the prestigious Passeig del Born and the iconic
2 bedrooms · 2 bathrooms · 90 m²
Paseo Maritimo Residence
3 bedrooms · 4 bathrooms · 150 m²
Designer Penthouse in Son Armadams
Perched above the rooftops of Son Armadams, one of the most desirable residential neighbourhoods in Palma, this exceptional designer penthouse offers a rare opp
3 bedrooms · 4 bathrooms · 153 m²
Explore Mallorca's most coveted areas
Anyone looking to buy an apartment in Mallorca at the upper end chooses between two basic types: the city floor in Palma — a period piano nobile with high ceilings in the old town, or a new build with underground parking in the Ensanche — and the apartment in a coastal residence with communal pool, in Illetes, Bendinat or Puerto Portals, say. Each type has its own logic: the city apartment lives off its neighbourhood, the coastal apartment off the view and the community it sits in.
Typical asking prices for exclusive apartments: in Palma's old town and Santa Catalina, renovated properties start around €700,000 to €800,000, while good new builds and penthouses range between €1 and €3 million. On the southwest coast, high-quality apartments with sea views mostly move between €800,000 and €2.5 million. Exactly this spectrum makes up our curated portfolio from €800K — checked for condition, community costs and legal cleanliness.
For many buyers, the apartment is the smartest entry into the island market: lower running costs than a villa, lockable for months of absence, readily resaleable. What matters is honesty about use: anyone planning regular letting must know that holiday rental is not permitted in Palma's multi-family buildings — there, owner use and long-term letting remain the realistic scenarios.
Palma first. The old town between the Cathedral and Plaça Major holds stately floors with stucco and patios; Santa Catalina puts the market hall and restaurant scene on your doorstep; Portixol offers the sea promenade with fishing-quarter charm. For new-build quality with lift and parking, look to the belt around the Avenidas and the redesigned Paseo Marítimo. All the city locations share one advantage: they work in February exactly as they do in August.
On the coast, the apartment segment concentrates on the southwest: Illetes with its coves and well-kept residences above the water, Bendinat by the golf course, Puerto Portals with its marina scene, and further west Santa Ponsa, Paguera and the hillsides of Port d'Andratx. A rule of thumb for choosing: in the city you buy the neighbourhood, on the coast you buy the community — its build quality, reserves and management decide your enjoyment of the property more than any brochure. We check both before a property enters our selection.
What does an exclusive apartment in Mallorca cost?
Renovated apartments in Palma's sought-after quarters start at typical asking prices of around €700,000 to €800,000; new builds and penthouses range between €1 and €3 million. Coastal apartments with sea views in the southwest mostly sit between €800,000 and €2.5 million. A parking space, outdoor space and the sea view are the three strongest price factors.
Where does an apartment purchase in Mallorca pay off most?
For urban life: Palma's old town, Santa Catalina and Portixol — alive all year and stable in value. For sea views and a pool: Illetes, Bendinat and Puerto Portals near Palma, and further west Santa Ponsa, Paguera and Port d'Andratx. The best value for money is often found in San Agustín and Cala Mayor, between city and coast.
What do I check before buying an apartment in Mallorca?
Beyond the land registry and freedom from charges, above all the owners' community: reserves, approved special levies, minutes of the recent meetings. In period buildings, additionally the legality of alterations and the condition of the building's roof and installations. And the question of use: holiday letting is not permitted in Palma's multi-family buildings, and elsewhere only with an ETV licence.
How do foreign buyers purchase an apartment in Mallorca?
In four steps: NIE number and a Spanish bank account; an independent lawyer; the arras contract with a deposit of usually 10 per cent; then the notary appointment with the balance paid and handover. Foreign buyers face no restrictions. The timeframe is usually four to eight weeks, and you should firmly budget purchase costs of 10 to 13 per cent on the price.