private mansions with terrace for sale Palma, Spain

Positioned in the heart of Palma’s historic district, this five-level building offers 636 m² of built space and 556 m² of interior living area. Comprising four separate apartments with a total of 11 bedrooms and 11 bathrooms, the property combines original architectural elements with high-end modern finishes. Two large terraces and six balconies provide sweeping views over the Cathedral, Santa Eulalia square, the city, and out to the sea. Originally constructed in 1950, the building has been carefully restored and structurally reinforced using brick, natural stone, aerated concrete, and steel framing. Interior features include triple-glazed soundproof wooden windows, French balconies, premium parquet flooring, hot and cold air conditioning, gas and electric central heating, a home automation system, and individual hot water tanks. The layout includes a duplex with five bedrooms, two mid-floor apartments with three bedrooms each, and a penthouse with rooftop terraces offering uninterrupted panoramic views. Set within the historical core near Carrer de Colom and Santa Eulalia, the area is known for its well-preserved Gothic and Mediterranean townhouses, narrow cobbled streets, and rich cultural atmosphere. Just steps away are iconic landmarks such as the Basilica of Sant Francesc, Plaza Mayor, and the bustling Mercat de l’Olivar. The seafront promenade and Palma Beach are within walking distance, while the Estació Intermodal transport hub ensures excellent connectivity throughout the island. The building is well suited for large families looking for both privacy and connection, or for investors seeking to generate income from premium city rentals. With approved planning to install an elevator and generous additional features including a cellar, summer kitchen, and multiple storage areas, this is a rare opportunity in one of Palma’s most distinguished and well-connected neighborhoods.