Cozy and Quiet Old Town Penthouse with Large Terrace

Reference RH04340
Property Type Penthouse
Postcode 07002
City Palma
Level 4
Living area 70 sqm
N° of bedrooms 2
N° of bathrooms 1
Balcony/terrace area 46 sqm
Constructed area 110
Heating type Electric heating
Air conditioning Cold/Warm
Number of floors 2
Floor Laminate flooring
Glazing Double glazed
Sea view Yes
Terraced Yes
Purchase price 650.000 €
Reference RH04340 Property Type Penthouse
Postcode 07002 City Palma
Level 4 Living area 70 sqm
N° of bedrooms 2 N° of bathrooms 1
Balcony/terrace area 46 sqm Constructed area 110
Heating type Electric heating Air conditioning Cold/Warm
Number of floors 2 Floor Laminate flooring
Glazing Double glazed Sea view Yes
Terraced Yes Purchase price 650.000 €
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Property description Renovated Penthouse with Terrace and Rooftop Facilities in Palma’s Old Town

This renovated penthouse apartment is located on the upper levels of a historic building in Palma’s old town. The property enjoys a calm residential atmosphere and a pleasant sense of privacy.

The apartment is arranged over two levels and has been restored to provide a comfortable and coherent living environment. The layout is clear and functional, making efficient use of the available space while maintaining a relaxed flow between rooms.

On the main living level, the apartment opens into a well-proportioned living and dining area with direct access to the large 40m2 main terrace. The renovation respects the character of the building while providing a practical standard for modern living.

The bedroom area has an ample ensuite bathroom. The bathroom is finished in a clean and functional style with large ceramic tile flooring an ample shower enclosure and a sunny skylight. The bathroom also has an additional door with direct access to the laundry room and the back of the kitchen.

From the main terrace a staircase leads us to a second 20m2 roof top terrace. A 12m2 studio is located on this terrace - it has beautiful city views and water connections. This area may be used as auxiliary space such as storage, a small studio or home office.

This penthouse represents a well-balanced city residence that combines a renovated interior, fantastic outdoor space and additional rooftop facilities in one of Palma’s most established urban settings.

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Main Features Include -

Central Old Town location
Quiet street
Sunny large terrace
Second terrace
10m2 Studio

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. Palma is just 10 minutes to the international Airport.

 
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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.

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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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