Price Gap Widens between Mallorca’s Sea View and Inland Property

Oct. 21, 2011 - PRLog -- Exclusive estate agent Mallorca Sotheby’s International Realty has noted a widening price gap between first line sea view homes and the countryside equivalent.  With requests for Mediterranean-front property outweighing inland by a huge ratio of five to one, premium prices are commanded and paid.

Stephen Dight, Managing Director of Mallorca Sotheby's International Realty, comments, “Mallorca Sotheby’s International Realty is far from your ‘average’ estate agent and we really only deal with top end clients who have fantastic budgets and can afford the very best – and the very best in Mallorca is a sea front home.  For this reason there’s a vast chasm between coastal and inland prices.  Whilst you may pay nine million euros for a 900m² property on a 4,500m² plot in a prestigious seafront location, you could have a charming 475m² property on a mammoth 25,500m² countryside plot within 20 minutes of the capital, Palma, for less than a third of the cost, 2.85 million euros.”

The Mediterranean is key to Mallorca’s appeal.  Much of its tourism, economy and lifestyle are centred on the coastline.  The Island is renowned as both a cruise ship stop-off and a hub for the luxury yachting industry with several prestigious marinas including 475-berth Port Andratx, the setting for Mallorca Sotheby’s HQ, and 670-berth Puerto Portals which this year celebrates its 25th anniversary.  With so much leisure time revolving around the sea, and the spectacular elevated views afforded by the rugged cliff tops, it’s little wonder that coastal real estate carries such a price premium.      

On the Market by the Mediterranean in Mallorca:

Ref 4169 – Villa in Formentor, Pollença, Northern Mallorca
Ultra modern waterfront villa recently built on the last remaining plot with private sea access in the stunning peninsula of Formentor.  The entire façade is constructed from glass and there is also a custom-made Schindler glass lift.  With impressive 6.5 metre ceilings, the villa has a master bedroom suite, three further en suite bedrooms, a leisure room, lounge, spacious dining room and a staff house with two further bedrooms. All the principal rooms have spectacular views to the sea and bay of Formentor. The 150m² basement offers the possibility to build an indoor Spa, cinema, gymnasium with sauna or perhaps a wine cellar. Outside there is a crescent shaped swimming pool, Jacuzzi, BBQ and wet bar.  Hot and cold air-conditioning, oil central heating, an alarm system, CCTV, video entry phone and under floor heating complete the offer.
Six bedrooms, Six bathrooms
904m² built, 4,429m² plot
9 million euros
Contact Mallorca Sotheby’s International Realty on phone: (+34) 971 67 48 07, email mallorca@mallorcasir.com or visit www.mallorcasir.com

Ref 4140 – Villa in Sol de Mallorca, Calvia, Mallorca
Beautiful state-of-the-art waterfront property with fantastic interior design, magnificent sea views and the latest technical appliances.  The elegant entrance with atrium overlooks a split level open plan living area opening onto teak terraces with a heated infinity swimming pool.  The en suite master bedroom includes a walk-in wardrobe and a private terrace with views out across the bay.  There are two further bedrooms, both en suite and with sea views.  Notable features include a top quality Dado kitchen, Bose surround sound, a projector screen television, under floor heating, an outdoor Jacuzzi, gymnasium with sauna and a temperature controlled wine cellar.
Three bedrooms, Three bathrooms
280m² built, 1,200m² plot
3.95 million euros
Contact Mallorca Sotheby’s International Realty on phone: (+34) 971 67 48 07, email mallorca@mallorcasir.com or visit www.mallorcasir.com

On the Market in the Countryside in Mallorca:

Ref 5367 – Finca in Santa Maria del Camí, Mallorca
Incredible country home in a large rural plot surrounded by enchanting terraces with fountains, gardens and a special heated swimming pool area.  A choice of living rooms, most with fireplaces and access to the terrace, five bedrooms, three of which are en suite, a sensational master suite, a further bathroom and a study plus a separate guest house complete the living space.  The secluded property has mountain views, citrus groves and a functioning well.  Capital Palma is a 20 minute drive.
Six bedrooms, Five bathrooms
473m² built, 25,500m² plot
2.85 million euros
Contact Mallorca Sotheby’s International Realty on phone: (+34) 971 67 48 07, email mallorca@mallorcasir.com or visit www.mallorcasir.com

Ref 5344 – Villa in Randa, Algaida, Mallorca
A fabulous, brand new country house set on a vast plot adjacent to protected countryside.  Every room has stunning panoramic views across the plain and to the mountains beyond.  Custom built to the highest standards, the estate also features the original finca with a second swimming pool and a helipad.
Six bedrooms, Six bathrooms
470m² built, 32,000m² plot
3.6 million euros
Contact Mallorca Sotheby’s International Realty on phone: (+34) 971 67 48 07, email mallorca@mallorcasir.com or visit www.mallorcasir.com

-ends-
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