Unique 4 bedroom House for sale with sea view in Formentor, Mallorca
This superb property was built more than 60 years ago by a local craftsman, under the guidance of a couple of artists who also designed it.
The rooms are distributed over several levels and include four en-suite bedrooms, an office and various reception rooms, the living area measures approximately 250m2.
The amazing sea and mountain views can be enjoyed from every corner of the house.
The house is in an elevated position at the top end of the plot from where the po...
This superb property was built more than 60 years ago by a local craftsman, under the guidance of a couple of artists who also designed it.
The rooms are distributed over several levels and include four en-suite bedrooms, an office and various reception rooms, the living area measures approximately 250m2.
The amazing sea and mountain views can be enjoyed from every corner of the house.
The house is in an elevated position at the top end of the plot from where the ponds, the pool and the sea can be seen perfectly. It is accessed by the street below and by a private lane to the rear of the villa.
There is also a garage with space for 2 cars.
The villa lies discreetly tucked away within a clutter of pine trees that provide privacy and a natural setting that complements the unusual stone construction.
The wild Formentor peninsula never ceases to stun visitors by its sheer beauty and the breathtaking views over the gorgeous bay of Pollensa. The lovely sandy beach can match any Caribbean setting any day. Over the years, the world-famous hotel has played host to many royals, Hollywood stars, politicians, stars of the literature, music and art scene and discreet millionaires.
Magnificent villas are dotted over the peninsula enjoying a level of privacy and exclusivity that is unique even for Mallorca.
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This House is located in Formentor in Balearic Islands
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Buying a Property in the Balearic Islands
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.