Palma, Balearic Islands, Spain. - Hero Image
mark-pattern-3-color-scheme-1 copy 3 Created with Sketch.
Palma
Palma | Balearic Islands

The Spirit of

Urban Living

View More
Menu
Catalina Quetglas
Catalina Quetglas
Presented At
€1,466,366
Bedrooms
2
Bathrooms
3
Living
1,443
SQM
Library
Office
High Ceiling
Air Conditioning
Basement
Terrace
Parking
Balcony
Outdoor Kitchen
Duplex
Renovated
Modern
Investment Property
Palma, Balearic Islands, Spain. - Photo 1
Palma, Balearic Islands, Spain. - Photo 2
Palma, Balearic Islands, Spain. - Photo 3
Palma, Balearic Islands, Spain. - Photo 4
Palma, Balearic Islands, Spain. - Photo 5
Palma, Balearic Islands, Spain. - Photo 6
Palma, Balearic Islands, Spain. - Photo 7
Palma, Balearic Islands, Spain. - Photo 8
Palma, Balearic Islands, Spain. - Photo 9
Palma, Balearic Islands, Spain. - Photo 10
Palma, Balearic Islands, Spain. - Photo 11
Palma, Balearic Islands, Spain. - Photo 12
Palma, Balearic Islands, Spain. - Photo 13
Palma, Balearic Islands, Spain. - Photo 14
Thumbnail 1
Thumbnail 2
Thumbnail 3
Thumbnail 4
Thumbnail 5
Thumbnail 6
Thumbnail 7
Thumbnail 8
Thumbnail 9
Thumbnail 10
Thumbnail 11
Thumbnail 12
Thumbnail 13
Thumbnail 14
Palma, Balearic Islands, Spain. , Palma , Balearic Islands

Refurbished Duplex Penthouse with Terrace in Old Town Palma

For sale exclusive refurbished duplex penthouse with a terrace in the old town of Palma de Mallorca, located in the prestigious Calle Brossa, next to the emblematic church of Sant Nicolás. This unique property combines historical charm with contemporary design and noble materials, offering a sophisticated living experience in one of the most sought-after areas in the centre of Palma. With a constructed area of 134 m² and a spectacular private terrace of 28 m², this luxury penthouse is distributed over two floors and has been completely renovated with high-quality finishes. The living-dining room, spacious and bright, is perfectly integrated with a modern and functional kitchen. It has two double bedrooms with built-in wardrobes and two complete bathrooms, as well as a third multi-purpose room ideal as an office, library or third bedroom, which has its toilet and direct access to the terrace which is a true urban oasis, with pre-installation for an outdoor kitchen, perfect for enjoying the Mediterranean climate all year round. All the interior and exterior carpentry has been made of teak wood, providing elegance, durability, and character, while the solid wood floors in all the rooms provide a warm and welcoming aesthetic. The integral refurbishment has included double glazing, air conditioning, hot/cold, and an optimised layout to make the most of natural light. This exclusive property is ideal both as a permanent residence and as a high-end investment property in Palma de Mallorca, thanks to its privileged location in the heart of the old town, surrounded by history, culture, shops, and restaurants. An authentic architectural jewel with Mallorcan soul and contemporary design, perfect for those looking to buy a penthouse in Palma centre with a terrace and high quality. One of the best-preserved old towns in Spain featuring the most amazing Gothic architecture in the Mediterranean surrounded by hundreds of narrow streets, excellent shopping, great restaurants, art galleries, museums, and amazing ancient passages leading to important historical monuments, landmark buildings, and the jewel of the crown: Catedral Santa Maria, La Seu. It is very popular for the nightlife and offers very trendy places to visit, like Passeig del Born, Avenida de Jaume III, Passeig de la Rambla, La Llonja and some of the most visited “Plazas”, such as Plaza Santa Eulalia, Plaza Cort, Plaza Mercat and Plaza Mayor among others. Casco Antiguo is one of the most desirable districts for property investment. Many of them have been renovated over the past few years and turned into luxury apartments with all the modern amenities.

Gallery

3D Street View Tour

Map showing Palma, Balearic Islands, Spain.

Property Location

Palma, Balearic Islands, Spain., Palma Balearic Islands

Local Weather & Climate

Palma, Balearic Islands

Current Conditions Updated recently
48 °F
Overcast clouds
Feels Like 48°F
Humidity 84%
Wind 1 mph
Visibility 6.2 mi
Sunrise 5:53 AM
Sunset 6:00 PM
5-Day Forecast
Fri 20 Mar
Clouds
High 67°
Low 48°
Sat 21 Mar
Clouds
High 62°
Low 48°
Sun 22 Mar
Clear
High 59°
Low 46°
Mon 23 Mar
Clouds
High 59°
Low 48°
Tue 24 Mar
Clear
High 62°
Low 47°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Palma?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

€
%
€100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621

Ready to explore financing?

Connect with trusted mortgage partners

Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.

Market Opinion

Our perspective on current market conditions in Palma. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis
International luxury real estate typically appreciates steadily over time.
65
Buyer Score
Estimated regional appreciation: 4% annually
Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $146,636,600 20% down ($29,327,320)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$12,600
$12,600/day
Your home may appreciate while you sleep
$88,445/week $383,264/mo $4,599,164/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$281K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 8% advantage over stocks
RENT 💸 -$80.7M
vs
OWN 📈 +$116.0M
$116.0M Potential Equity
vs $80.7M lost to rent over 10 years
$29.3M Down Payment Growth
4x
10yr
$116.0M
8.1x
20yr
$238.3M
12.6x
30yr
$370.3M
Wealth Comparison
×882
Equivalent to 882 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $370.3M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
13.9
years
Optimistic
5.12% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $172.7M +18%
Market $199.7M +36%
Optimistic $241.6M +65%
$116.0M est. equity
20 Years
Conservative $203.4M +39%
Market $271.9M +85%
Optimistic $398.0M +171%
$238.3M est. equity
30 Years
Conservative $239.5M +63%
Market $370.3M +153%
Optimistic $655.8M +347%
$370.3M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

This apartment at Palma, Balearic Islands, Spain features 2 bedrooms with 1,443 square feet of living space.
This property offers 1,443 square feet of living space.
This property is listed at $146,636,600, which equals $101619 per square foot.
Based on current market indicators, Palma shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a apartment located in Palma, Balearic Islands. The property is situated in an established neighborhood with convenient access to local amenities and services.
Catalina Quetglas

Catalina Quetglas

John Taylor Palma de Mallorca

View Full Profile

Schedule a Tour

Get in touch with our listing agents

SunMonTueWedThuFriSat

More Listings

Explore more properties

Official Real Estate Games

Have fun discovering more properties while playing our real estate games — win prizes for ranking high!

$
$
$
$
$
$
$
WIN CREDITS
Up Your Real Estate Skills FOR FREE

Loading listings...