Monaco Suites is an exclusive boutique development in one of Palma’s prime coastal areas, offering five south-facing luxury residences—garden suites with private green spaces and duplex penthouses with rooftop terraces and sea views. Each home features three en-suite bedrooms, a designer kitchen, bright open-plan living, and premium finishes, with access to landscaped gardens, a pool, and a fitness studio. Ideally located near the beach, Port Cala Nova, and Palma’s city centre, it blends contemporary luxury with the best of Mediterranean living.
Based on asking prices on real estate portals, updated in 2026, houses in Palma average €5,177/m² and apartments €5,087/m².
Asking prices on real estate portals are up 4.61% for houses (from €4,949/m² in 2025) and 6.03% for apartments (from €4,798/m²) over the last 12 months. These are asking prices, not final sale prices, and the city average hides large differences between a renovation project in the centre and a villa with sea views in Son Vida.
Typical starting prices seen in our listings:
Both houses and apartments are up in the last 12 months, with apartments growing slightly faster. Prices vary considerably by neighbourhood, so it is more useful to compare properties within the same area and type than to use the city average.
The widest choice in the city, from compact apartments in Santa Catalina to penthouses with rooftop terraces and sea views in Portixol and the Old Town.
Historic buildings in the Old Town and Calatrava, some dating back to the 16th century. Renovation is usually the main cost, so check permissions and the condition of the building.
Villas with private pools and garden plots in Son Vida, Son Gual and Genova, and sea-view villas in Bendinat and La Bonanova.
Properties to renovate in the city centre, where the budget, works permissions and timeline must be checked before buying.
Country properties outside the city. See country houses for sale in Palma.
You can see more detail in our page on property for sale in Palma. We also have guides for Palma Old Town, Son Vida and Santa Catalina.
The general purchase process is the same as elsewhere in Mallorca. In Palma, buyers should pay particular attention to renovation permissions on historic buildings and, for investment purchases, to the tourist licence rules of each building and area.
Buyers must budget for transfer tax (ITP) on resale properties, or VAT and stamp duty (AJD) on new builds, plus notary, registry and legal fees. Rates and thresholds change, so confirm the current figures with your lawyer before making an offer.
Non-resident buyers can apply for a mortgage in Spain. Banks usually finance a lower percentage than for residents, so check the conditions before signing the reservation agreement.
The time between the reservation agreement and the deed depends on the documentation and the financing, and is normally a matter of weeks to a few months.
Palma has year-round rental demand, with areas such as Santa Catalina and Portixol popular for mid-term and seasonal rentals. Holiday rental requires a tourist licence (ETV) and the rules depend on the type of property and the area, so check them before buying. We do not offer yield promises: income depends on the property, the season and the licence.
Location, the condition of the property, outdoor space, views and renovation potential are the main factors that affect resale value. Limited supply in exclusive areas such as the Old Town and Son Vida supports demand.
Based on asking prices on real estate portals, updated in 2026, houses in Palma average €5,177/m² and apartments €5,087/m². These are asking prices, not final sale prices, and they vary widely between neighbourhoods, from Santa Catalina and the outer streets of the Old Town to Son Vida and Portixol.
In our listings, one and two bedroom apartments start at around €360,000, with the best-value options in Santa Catalina and the outer streets of the Old Town. Penthouses typically start from around €950,000.
The main areas are the Old Town, Santa Catalina, Portixol, La Bonanova, Son Vida, Son Gual, Genova and Bendinat. Each one has a different type of property and price level.
Yes. Detached villas in our listings start at approximately €2,700,000 in areas such as Son Vida, Son Gual and Genova, and villas with sea views start at around €4,000,000.
Palma has year-round rental demand, particularly in areas such as Santa Catalina and Portixol for mid-term and seasonal rentals. Holiday rental requires a tourist licence (ETV), and rules for each type of property and area should be checked before buying.
Check the legal status of the property, the condition of the building, renovation permissions (especially in the Old Town), community fees, the energy certificate and whether a tourist licence exists if you plan to rent.
Sources: asking prices on real estate portals for Palma, updated 2026; starting prices and area information from our page on property for sale in Palma.
Browse the current properties for sale in Palma de Mallorca.
More +| Type | Built size | Terrace | Bedrooms | Baths | Price | Status | Plans |
|---|---|---|---|---|---|---|---|
| Duplex Penthouse |
271 m²
|
19 m²
|
3
|
3
|
4,675,000 € | Available | view |
| Garden Apartment |
176 m²
|
94 m²
|
3
|
3
|
2,375,000 € | Available | view |
| Penthouse Duplex |
329 m²
|
16 m²
|
3
|
3
|
3,650,000 € | Available | view |
| Garden Apartment |
393 m²
|
94 m²
|
3
|
3
|
2,375,000 € | Available | view |
| Penthouse Duplex |
359 m²
|
19 m²
|
3
|
3
|
4,675,000 € | Available | view |
| Garden Apartment |
392 m²
|
51 m²
|
3
|
3
|
P.O.A | Sold | view |
| Penthouse Duplex |
271 m²
|
19 m²
|
3
|
3
|
P.O.A | Sold | view |
Introducing Monaco Suites, an exclusive residential development located in one of Palma’s most sought-after coastal districts. A serene enclave by the sea, designed for those seeking privacy, style, and comfort in the heart of the Mediterranean.
This boutique project offers just five south-facing residences: two garden suites with generous private green areas and three sophisticated duplex penthouses featuring private rooftop terraces and breathtaking sea views.
Inside, each home offers three bedrooms and three en-suite bathrooms, a guest WC, and a bright open-plan living and dining area. The designer kitchens—fully equipped with high-end appliances from Gaggenau and Miele—blend seamlessly with the outdoor spaces through floor-to-ceiling sliding glass doors.
The penthouses benefit from a private lift with direct access from the underground garage, while the single-level garden suites enjoy their own private staircase. All residences are finished to the highest standards, featuring a KNX smart home system, elegant gas fireplace, custom-made wardrobes and walk-in closets, Atlantic Grey marble flooring, two underground parking spaces, as well as air conditioning and energy-efficient underfloor heating.
Residents can enjoy beautifully landscaped communal gardens, a stylish swimming pool with sun deck, and a fully equipped, air-conditioned fitness studio.
Just a short walk from Port Cala Nova, the sandy beach of Cala Major, charming cafés, boutiques, and sports facilities, Monaco Suites perfectly combines coastal living, contemporary luxury, and close proximity to Palma’s vibrant city centre.
An exceptional choice for both permanent living and premium holiday stays in Mallorca.
Iris Gruenewald CEO & FOUNDER · Balearic Properties +34 +34 971 53 29 84
