Off-planavailableExample listing
3 bed penthouse
Apartment at Palma Bay Residences, Palma, Mallorca · Balearic Islands
€1,950,000
- TYPE
- Apartment, penthouse
- BEDROOMS
- 3
- BATHROOMS
- 3
- BUILT AREA
- 175 m²
- INTERIOR
- 154 m²
- TERRACE
- 120 m²
- PLOT
- —
- FLOOR
- 6
- ORIENTATION
- S
- COMPLETION
- Completion Q2 2028
Payment plan
30%
20%
50%
| On contract (including reservation) | 30% | €268,500 |
| During construction | 20% | €179,000 |
| On completion, at the notary | 50% | €447,500 |
Amounts based on the lowest price in the development.
The listing states that payments before completion are covered by a bank guarantee or insurance. Your lawyer should check the certificate for each payment. How deposit protection works
What this unit costs to buy
| Price | €1,950,000 |
| IVA (10%) | €195,000 |
| Stamp duty, AJD (2%) | €39,000 |
| Notary and land registry (estimate)estimate | €15,600 |
| Independent lawyer (estimate)estimate | €23,595 |
| Total cost | €2,223,195 |
About 14% on top of the price in Illes Balears. A 2% rate applies to properties of about €1 million or more; check the exact threshold with your lawyer.
New-build purchase from the developer in Illes Balears, buyer without main-home reductions, as of 16 Oct 2026.Work out costs for another priceOther units at Palma Bay Residences
| UNIT | BEDS | BUILT | TERRACE | PRICE | STATUS |
|---|---|---|---|---|---|
| 2 bed apartmentMiddle floor | 2 | 105 m² | 25 m² | €895,000 | available |