Palma

Palma | Balearic Islands

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MEDINA MALLORCA PROPERTIES SL

Presented At

€3,800,000

Bedrooms

Bathrooms

Living

1,938

SQM

Stories 2

Fireplace

High Ceiling

Library

Open Kitchen

Office

Air Conditioning

Elevator

Washer Dryer

Kitchen island

Laundry Room

Wine Cellar

Basement

Terrace

Pergola

Outdoor Living Space

Balcony

Fire Pit

Outdoor Kitchen

City View

Mountain View

Privacy

Panoramic / Scenic View

Duplex

Renovated

Modern

New Builds

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 1

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 2

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 3

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 4

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 5

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 6

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 7

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 8

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 9

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 10

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 11

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 12

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 13

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. - Photo 14

Palma

Palma | Balearic Islands

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain. , Palma , Balearic Islands

Penthouse with a private terrace in Cort, Palma

This spectacular duplex penthouse, located in the heart of Palma, offers approximately 180 m² of floor space, and a 44 m² private rooftop terrace with spectacular views of the entire city. The property comprises two bedrooms with en-suite bathrooms, a fully equipped, custom-made solid wood kitchen that opens onto the living-dining room, and several living areas, one on each floor, which provide spaciousness and comfort. The interior details stand out for their exquisite taste: wooden floors, vintage-style exposed beam ceilings, fireplace, fitted wardrobes, underfloor heating and air conditioning. This property is delivered fully furnished and decorated, with designer pieces from renowned international brands: lamps by Flos, tables by Vitra, Eames chairs, as well as rugs and side tables by Dusty Deco, accompanied by selected works of art that add style and elegance to this exclusive property. The building also has an elevator, which conveniently connects both floors. Experience the essence of Palma in a property that combines luxury, design and a privileged location. Palma´s Old Town, a unique setting where history and Mediterranean style blend in perfect harmony. Surrounded by cobblestone streets, elegant palaces, and charming courtyards. Just a short walk away, the majestic Cathedral of La Seu, the Paseo del Borne, and the lively marina create a cosmopolitan atmosphere all year round.

Exterior

Property

Gallery

3D Street View Tour

Property Location

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain., Palma Balearic Islands

Local Weather & Climate

Palma, Balearic Islands

Current Conditions Updated recently

56 °F

Few clouds

Feels Like 56°F

Humidity 91%

Wind 6 mph

Visibility 6.2 mi

Sunrise 6:58 AM

Sunset 5:06 PM

5-Day Forecast

Fri 30 Jan

Clouds

High 59°

Low 54°

Sat 31 Jan

Rain

High 55°

Low 48°

Sun 1 Feb

Clouds

High 56°

Low 50°

Mon 2 Feb

Clouds

High 60°

Low 52°

Tue 3 Feb

Clouds

High 57°

Low 52°

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

Home Price

€

Down Payment

€100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

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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.
Tax benefit calculations are simplified estimates based on general assumptions for Spain. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on Spain tax year 2025 (fiscal year: January-December) through 2012. Tax laws change frequently and may have been amended since this data was compiled.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$3,800,000

Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain.

Palma, Balearic Islands

2 Beds 3 Baths 1,938 Sqft

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Market Opinion

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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.

Buyer Score

Estimated regional appreciation: 4% annually

Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $380,000,000 20% down ($76,000,000)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$32,653/day

Your home may appreciate while you sleep

$229,201/week $993,205/mo $11,918,459/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

-$209.1M

+$300.6M

$300.6M Potential Equity

vs $209.1M lost to rent over 10 years

$76.0M Down Payment Growth

10yr

$300.6M

8.1x

20yr

$617.6M

12.6x

30yr

$959.7M

Wealth Comparison

×2,285

Equivalent to 2,285 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $959.7M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

22.4

years

Market-Based

3.14% effective/yr

13.9

years

Optimistic

5.12% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $447.5M +18%

Market $517.5M +36%

Optimistic $626.1M +65%

$300.6M est. equity

20 Years

Conservative $527.0M +39%

Market $704.7M +85%

Optimistic $1,031.5M +171%

$617.6M est. equity

30 Years

Conservative $620.7M +63%

Market $959.7M +153%

Optimistic $1,699.5M +347%

$959.7M est. equity

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

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

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

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain have?

This apartment at Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain features 2 bedrooms and 3 bathrooms with 1,938 square feet of living space.

What is the size of Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain?

This property offers 1,938 square feet of living space.

What is the listing price for Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain?

This property is listed at $380,000,000, which equals $196078 per square foot.

Is now a good time to buy a home in Palma?

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.

What type of property is Palma, Balearic Islands, Spain, Palma, Balearic Islands, Spain?

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.

Brokerage: