Spacious 8 bedroom Villa for sale with sea view in Portopetro, Mallorca

3,350,000 EUR 2,881,000 GBP 3,618,000 USD

Reference: 226687

Bedrooms: 8
Bathrooms: 7
Floor Size: 250 m2
Plot Size: 1,221 m2

Features

Terrace
Fireplace
Possible Extra Dwellings
Potential for Income
Sea View
Parking
Front Line
Good Condition

Details

Simply stunning 5 bedroom front line villa, with a total spacious living area of 250m2, set within a mature landscaped plot of 1,221m2 with stunning sea views.

With easy sea access in Porto Petro, which is in the charming district of Santanyi on the south-east coast of Mallorca, this superb home comprises of: welcoming living room with a fireplace, living/dining area with stunning sea views and access to a spacious covered terrace, partially open fitted and equipped kitchen, 5 bedrooms and 4 bathrooms.

The upper floor has another living area and the large master suite with access to another terrace.

The lower floor has a guest apartment with 2 en-suite bedrooms and all the connections to install a second kitchen.

This property has a holiday license and authorisation to build a swimming pool.

Additional features: south-east facing, lots of parking spaces, barbecue area.

Porto Petro (or Portopetro) is a district of Santanyi on the south-east coast of the island of Majorca, about 62km from the capital Palma. It is a small village consisting of a harbour, a small marina and a secluded beach. There are a number of restaurants and bars distributed along the harbour serving local and Mediterranean cuisine.

Porto Petro is surrounded by other no less worthy of interest villages like Santany, Cala d'Or, Cala Ferrera, Cala Serena, Alqueria Blanca and Calonge. The Mondrago Natural Park is just a few minutes away and some of the most beautiful coves and beaches of the island, such as Cala Mondrago or Calo d'es Moro, are also nearby.

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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.