A historic building with permission to be converted into a spectacular luxury residence

A unique opportunity to acquire a historic building dating from 1860, featuring an extraordinary comprehensive refurbishment project and a valid planning permission, situated on a prime corner plot and facing onto two streets. A unique property spanning 580 m², spread over three floors plus a basement and a roof terrace, designed to become an exclusive luxury residence where traditional Mallorcan architecture blends with contemporary design and the utmost comfort.

The building’s structure is approximately 80 per cent complete, which allows the construction process to be significantly accelerated and the final finishes to be customised. The project envisages an elegant home connected by a lift from the basement to the third floor, offering an exceptional layout and spacious rooms.

The basement houses an impressive wellness area with spectacular original vaulted ceilings that have been carefully preserved – an ideal space to create an exclusive private spa with an indoor pool, jacuzzi, sauna, gym and relaxation area, making it one of the home’s standout features.

The ground floor welcomes visitors with a majestic eight-metre-high entrance hall, a space of immense visual impact that showcases the building’s original architecture. This level also features an elegant leisure area and a practical garage for one car. The characteristic pointed arches on the façade, which were preserved during the renovation, lend the property a unique architectural character and an unmistakable appearance.

The first floor is dedicated to the living areas, featuring a spacious open-plan kitchen integrated with the living and dining room, a guest toilet and a versatile room that can be used as a bedroom, study or library.

The second floor houses a spectacular master suite, notable for its generous dimensions, abundant natural light and prime location. On this same level are two further bedrooms and an additional room that can be used as a study, dressing room, reading room or for any other purpose according to the future owner’s needs.

The third floor is designed as a cosy guest apartment, with space for a bedroom and a private lounge offering direct access to a magnificent roof terrace – the perfect spot to enjoy the Mediterranean climate and create an exclusive rooftop space with views over the rooftops of the historic centre.

The high ceilings, original wooden beams, restored architectural features and meticulous refurbishment make this property a true gem. An exceptional project that combines history, elegance and modernity in one of the most sought-after property types on the luxury property market.

Ideal both for those seeking a unique home and for investors wishing to acquire a building with planning permission and a development project in Palma, reducing construction times and ensuring an investment with significant capital appreciation potential in one of the Mediterranean’s most exclusive property markets.