Sold
Mallorca Homebase · Garden Apartment
All shares sold
El Jardín
Son Rapinya · Palma
A ground-floor apartment with its own private garden in Son Rapinya, made key-ready — minutes from Palma.
Two ways to own it
Own it whole
€449.000
The whole property · full title, one owner. This is the asking price for the home itself.
Plus Spanish transfer tax (ITP) €36.410 & buyers’ legal €4.490 — advice securing permits, licences & clean title
Explore the home
Share it · 2–8 owners
€68.500
One share = 12.5% · 42 nights a year — fully furnished. All-in with taxes & legal.
Running costs €156/mo per share · all shares sold
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1Bedrooms1Bathrooms60 m²Built100 m²Plot2010Year
The home
A garden apartment — with a pool and paddle court at the door
A bright, ground-floor home on the green edge of Palma, in settled, well-connected Son Rapinya — one of the rare city apartments with a private garden of its own. A large community pool and a paddle court sit 50 metres from the door, the centre is minutes away, and a garage space with a lift straight up to the apartment is included. Move-in-ready, and made to share.
Photo gallery
Life at El Jardín
The garden project
A south-facing garden, waiting to come alive
The home opens onto about 100 m² of private, south-facing garden. The plan turns it into a true outdoor living room — the hedge opened up, a built-in barbecue, an outdoor shower, dining and lounge zones — finished before co-owners arrive.
Renderings in progress. Walkthrough video to follow.
The economics
From purchase to per-share
We work for owners, so every cost is in the open. El Jardín is bought, upgraded to key-ready and structured for co-ownership — so the price per share is simply the purchase, the Balearic transfer tax, the upgrade, the legal structuring and our value creation, divided across eight equal shares.
Purchase price€449.000The agreed purchase price — our starting point+Transfer tax€36.4148.11% Balearic ITP+Renovation and setup€50.000Key-ready upgrade and furnishing+Legal and structuring€4.490Buyer’s lawyer and SPV incorporation+Sourcing & value creation€8.980Finding the home, realising its potential, and structuring the full co-ownership solution=Total project capitalization€548.884All-in: purchase, tax, upgrade, legal structuring and value creation€548.884 ÷ 8 shares = €68.611€68.500per ownership share · rounded to nearest €500What’s included
Move-in-ready, down to the detail
Your local lead agent
Meet Martin
Your local agent · Palma
Martin Piriou
French · English, Spanish
Martin is your point of contact for El Jardín. He knows the home, the neighbourhood and exactly how co-ownership works — from your first viewing to a signed share.