We are pleased to present a unique renovation opportunity in the heart of Palma’s Old Town, one of the city’s most sought-after locations. This duplex penthouse, arranged over two floors, is offered with an approved project for a full refurbishment and redesign into a high-end luxury residence.
The property currently requires complete renovation, offering excellent potential to create a bespoke home combining Mediterranean charm with contemporary design.
East-facing and filled with natural light, it enjoys open views over Palma’s historic rooftops. The approved project proposes a well-balanced layout with three bedrooms and two living areas, designed for both comfort and entertaining.
Original features such as wooden beams and traditional architectural details provide an ideal foundation for restoration, while the renovation plan includes modern upgrades, premium materials, and refined finishes throughout. An elevator installation has already been approved and is underway, adding future comfort and value.
A highlight of the property is the private rooftop terrace, exclusively for the penthouse, offering an exceptional outdoor space in the heart of the city.
A rare opportunity to acquire a project penthouse in Palma Old Town, with strong potential to create a truly unique luxury home in a prime location.
Palma, the capital of the Balearic Islands, located in the bay of the same name, has a pleasant climate all year (17.9 ° C annual average). Known for its tourism and elegant shops, this city also has a beautiful old town. The Cathedral, the Palace of the Almudaina, the Lonja square and the Plaza Mayor are some of the places that make this wonderful city so mystical. Large palm trees frame most of the beautiful monuments.
For additional information contact BALEARIC PROPERTIES ESTATE AGENTS MALLORCA by email or call the Puerto Portals Office (+34) 971 68 40 00 - See more details about other apartments for sale in Palma or find out more about buying a home in Palma .
"Balearic Properties has been in business on the Balearic Islands for many, many years. The company headquarters is on Mallorca and over the years, we have built up an unparalleled portfolio of properties to suit every budget, by means of which we have already successfully helped 10.000 clients find their new home on the Balearic Islands. Our project management and construction companies offer a unique range of luxury, turn-key villas to suit all individual and personal needs. We also offer over 200 holiday villas that guarantee our clients an unforgettable holiday experience.
Balearic Properties is the exclusive associate of Savills in Mallorca. The company offers clients a vast experience of over 20 years in the local property market. Our portfolio includes all sorts of modern villas, country homes, and trendy new developments in the best areas of Mallorca. Balearic Properties also specialises in waterfront properties and large estates. The company offers a complete, all-around property service including property management, holiday lettings, project management and legal services."
