Land for sale

Land for sale

Palma de Mallorca, Mallorca
379,995
 
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
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Ref: 61129c2605
Property marketed by Stratus International Properties Stratus International Properties
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Exceptional Building Plot with Project in the Heart of MallorcaThis unique finca plot offers a rare opportunity to create a private countryside estate in one of Mallorca's most peaceful and authentic locations, close to the charming town of Porreres. Set on an impressive 23,285 m² plot, this property combines privacy, nature, and development potential, making it ideal for a luxury rural home, horse property, or self-sufficient lifestyle project.A major advantage of this property is that it already comes with an approved building permit (basic project) for two buildings. In addition, the property previously had permission to drill a deep well, which can be applied for again and should not present any major difficulties.The current approved plans allow for: A two-storey main residence of 186 m² A 25 m² covered terrace A 90 m² semi-open utility building, suitable for use as a carport, stable, or agricultural space Thanks to the generous plot size, there is potential to expand the total living area up to approximately 350 m² (subject to final project approvals).The land itself is fertile and beautifully natural, featuring mature fig, almond, walnut, carob, and citrus trees, along with a private section of pine forest. The property is especially suited to horse keeping, as it previously held a REGA permit, which can be reapplied for and is expected to be straightforward to obtain again. Riding and hiking routes begin directly from the property.The finca is largely fenced and accessed through a substantial Mallorcan natural stone entrance wall with a rustic iron gate. The former ruin on the land has already been removed in line with planning conditions, and approximately 300-year-old original natural stones remain on site, offering the possibility to incorporate authentic Mallorcan character into the future build.Electricity is available nearby but not yet connected, making this an excellent opportunity for a solar-powered or fully autonomous lifestyle.About the Area Located in the heart of Mallorca near Porreres, this property enjoys a rare balance of complete rural tranquility and excellent accessibility. There are no direct neighbours, roads, or high-voltage lines disturbing the natural setting, while Palma airport, the city, and Mallorca's beaches are all within approximately 30 minutes. Porreres itself is a traditional Mallorcan town with local shops, restaurants, and services, known for its authentic atmosphere and central location. This area is highly sought after for those looking to enjoy genuine island living, privacy, and long-term value.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 23,285m² Plot size
  • Telephone
  • Internet
  • Great views

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
35,000€
Final Payment of 90% on completion
341,996€
 
Property Purchase Expenses
Property price
379,995€
Transfer tax 10%
38,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€

* Transfer tax is based on the sale value or the cadastral value whichever is the highest.

** The information above is displayed as a guide only.

Mortgage Calculator

Mortgage Amount:
379,995€
Deposit:
Interest Rate:
%
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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

Spanish Property News & Updates by Spain Property Portal.com

In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.

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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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