Property for sale in Formentor

The Formentor peninsula possesses a wild and rugged beauty with stunning views over Puerto Pollensa bay, and its own idyllic sandy beach surrounded by swaying pine trees. The properties situated here boast a level of privacy hard to match even in Mallorca, making residences highly sought after among the global wealthy desiring a secluded Mediterranean lifestyle retreat.

Formentor experiences a healthy demand for houses for sale from prospective homebuyers looking to buy their dream home in paradise. Some of Spain and Europe’s wealthiest families have discretely chosen to take up a second residence here, drawn to the air of exclusivity and the luxury villas hidden within the dramatic landscape. The community in Formentor is elite and therefore also attracts investors who are looking to target the top end of the property market.

Formentor is perhaps most well-known for its gorgeous sandy beach and its prestigious 5-star Formentor Hotel, both of which are overlooked by the luxury homes perched amongst the pine trees. This world-famous iconic hotel has brought many A-listers to the area, from Hollywood stars to politicians and artists, adding to this corner of the island’s exceptional high-end reputation.

Although tucked away on the islands northern most tip with limited amenities, a breath-taking drive down the mountainside will bring you to the resort of Puerto Pollensa. Here you will find all the conveniences required for everyday living, as well as a multitude of restaurants and cafes, the stylish yacht club and marina, and a beautiful promenade.

WATERFRONT OR NON-WATERFRONT?

Formentor is a small area on Mallorca’s most northern tip and belongs to the picturesque municipality of Pollensa. As such there no defined zones and only a limited number of properties here which adds to its exclusivity. The main differentiation in where to buy property is whether the plot is waterfront or non-waterfront. Direct access to the sea is most sought after, with Formentor being famous for its crystalline water.

One of the biggest drawcards for property buyers is Formentor’s privileged elevated position. This allows for incredible views, and properties here are all built facing the sea to take advantage of the spectacular Mediterranean vista. The majestic Serra de Tramuntana mountains form the backdrop, and their descent into the sea is a truly magical sight.

• There is only one road into Formentor and in the summer months the road can become congested.
• There is currently a moratorium on construction in the area and building permission is suspended.
• Once the moratorium is lifted construction will continue to remain extremely limited. There are only 6 plots that have not yet been built on.
• Amenities are very limited and there are no supermarkets or shops, although everything you need can be found in Puerto Pollensa, a 15-minute drive away.

EXCLUSIVE VILLAS

The properties in Formentor are amongst the most luxurious and palatial on the island. You won’t find any apartments or semi-detached houses in the area, which contributes to its privacy, tranquillity and air of exclusivity. Properties are few and comprised of elegant and rustic Spanish style villas as well as more contemporary and reformed properties. Frontline plots often have direct access to the sea by way of private path and overlook the beautiful pine tree-lined beach.

The surrounding nature is what makes Formentor so special, and luxury villas are often set-in lovely mature gardens with typical Mediterranean plants and shrubs. Interiors open out onto fantastic terraces and balconies, perfect to take in the peninsula’s mountain and seascape. Properties with upmarket features are not uncommon, and many of the homes are equipped with private pools, jacuzzies, gyms and even annexes for staff, or self-contained guest accommodation.

There are some villas still available in Formentor which require modernisation, presenting the opportunity to design a home to your own tastes and adapted to suit your requirements.

RULES AND REGULATIONS

There is currently a moratorium on construction in Formentor, which means there is no possibility to request planning permission for the time being. This issue should be rectified within the next few years as the town hall begins issuing building permits again.

Whether you’re in need of a top-class construction company or architect to help renovate your new home, a property lawyer to help you through the legalities of the buying process or an interior designer to guide through the world of Mallorca furniture stores, the below businesses can make your property dream in Formentor a reality.

Other important factors to buying a property in Formentor also include choosing a reputable real estate agent and entrusting in a good mortgage provider. From hundreds of potential clients to work with, we’ve selected only the best talent there is to help you settle in and live well in Mallorca.

Aptly referred to as the jewel of the north, Formentor is a superb upmarket location offering its residents utmost privacy coupled with astonishing scenery. Acquiring a property here allows you to benefit from the best that nature has to offer on the island. Just a stone’s throw from pristine Formentor beach (Playa de Formentor) and the striking Tramuntana mountains, Formentor is a prime location for outdoor enthusiasts with a plethora of water sports activities and hiking and cycling routes on its doorstep. Although secluded, in close proximity, are the idyllic traditional towns of Pollensa and Alcudia where you can experience authentic Mallorcan culture before returning to your luxurious Formentor refuge. Epitomising tranquillity, sophisticated luxury and discrete wealth, Formentor is a fantastic choice for property buyers looking for their Mediterranean haven.

Photos provided by Engel & Völkers