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

High above the yacht-strewn marina at Puerto Portals, a 14,000-square-foot villa in Costa d’en Blanes has claimed 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 headed, sprawls across three levels on two hillside plots.

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

Four guest bedrooms on the main level each have an attached bathroom—two also have walk-in closets—and share a cozy living area and a spa zone with a fitness room, sauna, and garden-level calm. Downstairs, there’s a spa and gym tucked into the garden level, plus a six-car garage, wine cellar, and private cinema below.

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

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Political uncertainty across northern Europe and Scandinavia, along with the island’s growing network of international schools and hospitals, has made Mallorca more appealing to full-time residents, and the Balearic government’s decision to cut inheritance tax between spouses and children has made the island even more attractive for families who might want to put down permanent roots. New flight routes are helping too; Air Canada will begin direct service from Montreal next June, and Etihad Airways is launching a route from Abu Dhabi. 

Indeed, 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 gain residency by investing in property. Even without that incentive, international demand hasn’t slowed—particularly from Americans, whose numbers in Spain have nearly doubled over the past decade, surging close to 40 percent in the past three years alone, according to real estate investment firm Golden Partners. The island’s luxury market isn’t just hot—it’s growing up.

Click here to see more photos of Mallorca’s most expensive home.