Elegant Historic Apartment with Terrace in Palma's Old Town

Reference RH04333
Property Type Penthouse
Postcode 07012
City Palma
Level 2
Living area 205 sqm
N° of rooms 5
N° of bedrooms 3
N° of bathrooms 2
Balcony/terrace area 20 sqm
Constructed area 225
Heating type Electric heating
Air conditioning Cold/Warm
Number of floors 1
Floor Marble, Tiles, Parquet
Glazing Single glazed
Terraced Yes
Purchase price 1.890.000 €
Reference RH04333 Property Type Penthouse
Postcode 07012 City Palma
Level 2 Living area 205 sqm
N° of rooms 5 N° of bedrooms 3
N° of bathrooms 2 Balcony/terrace area 20 sqm
Constructed area 225 Heating type Electric heating
Air conditioning Cold/Warm Number of floors 1
Floor Marble, Tiles, Parquet Glazing Single glazed
Terraced Yes Purchase price 1.890.000 €
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Property description Elegant top floor Apartment with Idyllic Terrace in a Historic 18th-Century Building

Set within a distinguished 1700s residence in the heart of Palma’s Old Town, this penthouse exudes timeless charm, authentic character, and exceptional potential. The building, once belonging to a single family, houses just six neighbors and welcomes you with tall double wooden doors, mares stone walls, and a quintessential Mallorquin patio. A sweeping marble staircase leads to the three upper levels, while a discreet doorway below grants access to a serene 200m² community garden.

The interior is arranged with a well-balanced layout. A private wing features two bedrooms, a bathroom, and a cozy sitting room that currently serves as a TV lounge, offering separation before entering the impressive master suite. The master bedroom delights with soaring 3.8m ceilings, a French balcony, wall-to-wall fitted wardrobes, and an en-suite bathroom.

From the foyer, the elegant living room with fireplace opens directly to a 20m² private terrace—an enchanting spot for alfresco dining or quiet relaxation. An arched opening flows seamlessly into the formal dining room, while a separate kitchen with its own breakfast area enjoys balcony access.

This rare property presents an outstanding opportunity to modernize into a truly dream penthouse while preserving the building’s historic soul. Residents also enjoy use of the expansive community garden and three large shared roof terraces. An installation of an elevator is in the planning stages

The penthouse has a private 7m2 storage room in the building.

For floor plans, further details, or to arrange a private viewing, please contact us today. We speak Spanish, German, and English.

Main Features Include:

Historic 1700s building with Mallorquin character

Bright penthouse interiors with 3.8m high ceilings

20m² private terrace

Elegant wide marble staircase and grand double entrance doors

Traditional Mallorquin patio with stone flooring

200m² community garden plus 3 large shared terraces (Approx 200m2)

Spacious master suite with French balcony

Two fireplaces and period features

Excellent, quiet street in Old Town Palma

Walking distance to Paseo del Borne, Las Ramblas, restaurants, and shopping

Elevator installation being planned

This is a unique opportunity to own a piece of Palma’s history and transform it into a luxurious private residence in one of the city’s most desirable locations.

Living in Palma’s Old Town means being surrounded by history, culture, and Mediterranean charm. This enchanting quarter—one of the largest historic centers in Europe—is a maze of cobbled streets, grand courtyards, and timeless architecture. Highlights include the majestic Gothic Cathedral of La Seu, the Royal Palace of Almudaina, the elegant Lonja square, and the bustling Plaza Mayor. Just steps away, you’ll find designer boutiques, refined restaurants, and charming cafés with sun-drenched terraces perfect for people-watching. A short five-minute stroll leads you to the palm-lined seaside promenade, where the sparkling bay and vibrant marina capture the essence of island life. With its year-round mild climate and reputation as the “Pearl of the Mediterranean,” Palma seamlessly blends old-world heritage with modern sophistication, making it one of the most desirable places to live in Europe.

 
Energy certificate
Type: in process

If you are looking to purchase a property in Spain, you should consider financing to optimize your real estate investment!

Nowadays, it makes sense for everybody to mortgage when purchasing a property in Spain. There are many benefits, including tax deductions and maintaining liquidity, amongst others. Financing in Spain can be very different from financing in other countries, and the Lionsgate Capital team will be happy to explain the process to you in more detail, and how you can optimize your investment.

Lionsgate Capital is the leading mortgage broker in Spain, based in the Balearics. Our team of multilingual mortgage experts understands that every client is unique and will do everything possible to ensure you maximize your savings by always obtaining the best possible mortgae or financial solution to suit your specific preferences and circumstances.

Why contact Lionsgate Capital?

• We are one contact for all banks, both in Spain and in other jurisdictions
• Over 1000 satisfied clients with transactions between 1M€ and 30M€
• Interest-only mortgages available for HNW and UHNW individuals
• Our specialist team offers over 50 years of joint banking experience
• We obtain exclusive and preferential rates and conditions for all our clients
• We simplify the process saving you time, effort, and money!

Contact us for a free initial consulting!

Lionsgate Capital is fully registered in the Bank of Spain's register of real estate mortgage intermediaries with ID number D270. Lionsgate Capital is registered in data protection and all information is confidential. Our team offers independent and impartial advice.

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