Luxury 7 bedroom Villa for sale in Binissalem, Mallorca

5,900,000 EUR 5,074,000 GBP 6,372,000 USD

Reference: 240006

Bedrooms: 7
Bathrooms: 8
Floor Size: 2,416 m2
Plot Size: 8.71 hectares / 21.53 acres

Features

Terrace
Fruit Trees
Lake or River Included
Equestrian Facilities
Gym
Hot Tub or Sauna
Air Conditioning
Fireplace
Elevator
Possible Extra Dwellings
Potential for Income
Mountain View
Private
Quiet Area
Parking
Garage
Good Condition

Details

Exclusive and beautifully presented throughout, this wonderful 7 bedroom country estate is ideally situated in a quiet setting within a large 87,127m2 plot which includes extensive landscaped gardens with 2 lakes, various fruit trees and areas for horses.

With luxurious facilities throughout, including a large infinity swimming pool, a heated indoor swimming pool, sauna, gym and a guest house.

In a very private location, just 5 minutes from the town of Binissalem, which is famous for its wine production, the main entrance leads into the impressive double height entrance hall. On this floor there are 4 large bedrooms with en-suite bathrooms and dressing rooms, a spacious living/dining room with a fireplace and a kitchen/dining room with island. There is also a second living room with an industrial kitchen, barbecue and dining area, a guest WC and a laundry room. All rooms have access to the terrace and swimming pool.

On the upper floor is the master suite with a large bedroom, dressing room, en-suite bathroom, a living room/library and access to terraces with spectacular mountain views.

The basement houses a temperature controlled wine cellar, machinery rooms and garage for up to 10 vehicles. A lift gives access to the 2 upper floors.

Reversible air conditioning and underfloor heating guarantee comfort throughout the property.

Binissalem is about halfway between Palma and Inca, the village nestles at the foothills of the Tramuntana. Apart from having a charming town centre with many spectacular houses, Binissalem is best known for wine production. Binissalem wines are exported and appreciated all over the world, slowly but surely they have joined the ranks of the sophisticated established names. The wine festival that takes place every year is definitely not a party to miss.

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Balearic Islands Property Buying Guide

1. Putting down a Holding Deposit

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.

2. Setting up a Pre-agreement (Contrato privado de compraventa)

The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.

3. The Contract (Escritura de compraventa)

Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.