Moden Townhouse for Sale in Palma's Historic Center

This  house for sale in the heart of Palma’s Old Town offers a generous 422 m² of pure luxury, combining historic charm with the highest modern construction standards. Originally built in 1920 and now fully modernized, the property features five spacious bedrooms, four bathrooms, and a private lift for easy access across its multiple levels. Residents will enjoy total comfort with underfloor heating, integrated air conditioning, and a stunning roof terrace complete with a swimming pool and jet stream. The property also includes a large double garage and a utility room, making it a rare find that blends extensive living space with essential urban amenities.

Located in one of the most sought-after neighborhoods of Mallorca, this real estate for sale is nestled within the enchanting labyrinth of Palma’s Old Town. The location is perfect for those seeking a vibrant lifestyle, as it is surrounded by architectural landmarks, boutique hotels, and excellent tapas bars, with the famous Corte Inglés department store just a five-minute walk away. Despite the idyllic tranquility of its narrow streets, the property is perfectly connected to the world, situated only a 15-minute drive from Palma’s international airport. This area is the island’s cultural and social epicenter, making it a truly prestigious place to call home.

The interior of this house for sale is a statement of elegance and high-end design, featuring timber-beamed ceilings and light-filled rooms that respect Mallorcan tradition. The main living area on the third floor showcases a designer kitchen with a professional cooking island and premium finishes, while the master suite on the top floor offers a private retreat with a dressing room and a luxury bathroom. Technically, the home is equipped with a sophisticated Domotica automation system, an alarm for security, and advanced water treatment facilities, including central softening and reverse osmosis systems. Every detail, from the double-glazed windows to the fitted wardrobes, reflects a commitment to quality and contemporary comfort.

Purchasing this house for sale involves several transaction costs and taxes that are specific to the Balearic Islands. For a property priced at €4,500,000, the Property Transfer Tax (ITP) follows a steep progressive scale: 8% is applied to the first €400,000 (€32,000), 9% to the next €200,000 (€18,000), 10% to the next €400,000 (€40,000), 12% to the next €1,000,000 (€120,000), and the top rate of 13% is applied to the remaining €2,500,000 (€325,000). This results in a total ITP tax of €535,000. Additionally, you must factor in approximately €4,000 for notary fees, €2,000 for gestor services, and roughly €1,500 for other administrative costs. In total, the acquisition expenses amount to €542,500, meaning the final investment for this prestigious home will be approximately €5,042,500.