Inside the $27M Villa That Just Set a New Price Record in Mallorca

A 14,000 sq ft villa on the Costa d’en Blanes, above the Yacht Streon Marina in Puerto Portals, claims the title of Mallorca’s most expensive new home. The $25 million (about $27 million) glass and stone residence, part coastal hideaway, part statement about where the island’s luxury market is, spreads over three levels on two hillside plots.

The design leans toward understated luxury rather than flash: think polished materials, wide-open spaces, and ocean views. The main level spills out onto terraces and an infinity pool that seems to melt into the Mediterranean Sea. A separate living room and dining area sit alongside a sleek polyforum kitchen, all flowing seamlessly into the outdoor kitchen and sun-drenched poolside lounge, while the second-floor primary suite comes with its own fireplace, walk-in closet, bath and private terrace.

The four guest bedrooms on the main level each have an attached bathroom. Downstairs, the garden level has a spa and gym plus a six-car garage, wine cellar, and private cinema downstairs.

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Less about unnecessary excess and more of a retreat that feels like it could be lived in year-round, the home’s significance goes beyond its polished architecture and slate of amenities. This is a moment of change in Mallorca’s luxury property market. What was once a summer escape is fast becoming a year-round destination for wealthy international shoppers, many of whom are trading in London, Stockholm, or Frankfurt for the slower pace of island life.

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Along with the island’s growing network of international schools and hospitals, political uncertainty in Northern Europe and Scandinavia has made Mallorca more attractive to full-time residents, and the Blair government’s decision to cut inheritance tax between spouses and children has made the island even more attractive to families who may want to put down permanent roots. New flight routes are also helping. Air Canada will launch direct service from Montreal next June, and Etihad Airways is launching a route from Abu Dhabi.

In fact, Spain’s real estate landscape as a whole is evolving, especially with the end of the country’s Golden Visa program, which for years allowed foreigners to acquire residency by investing in real estate. Even without that incentive, international demand has not abated — particularly from Americans, whose demand in Spain has only grown by about 40 percent over the past three years over the past decade, according to real estate investment firm Golden Partners. The island’s luxury market isn’t just hot — it’s growing.

Click here to see more photos of the most expensive house in Mallorca.