Investment: Townhouse in Palma - El Molinar only 60 meters from the beach

Discover an investment opportunity in Palma de Mallorca: a traditional house dating from 1936, located in the sought-after coastal neighbourhood of Es Molinar. This property close to the sea in Palma offers the opportunity to transform an older building into a contemporary Mediterranean home while respecting the character of its surroundings. The existing property has approximately 103 m² of cadastral constructed area, including storage. Our preliminary redevelopment concept explores a two-storey townhouse with approximately 144–147 m² of total above-ground constructed space, subject to a measured survey, planning confirmation and the necessary permissions. The proposed layout includes an open-plan living, dining and kitchen area, a home office, a guest WC and utility area, together with two upstairs bedrooms and two bathrooms. A small private courtyard completes the concept. The accompanying indicative floor plans and visualisations illustrate a possible transformation rather than the current condition or an approved project. An appealing investment opportunity in Palma de Mallorca for buyers looking to create their own home close to the sea in El Molinar.

This investment opportunity in Palma de Mallorca enjoys a location in Es Molinar, approximately 60 metres from the beach. Known for its traditional streets, seaside atmosphere and proximity to Portixol, El Molinar combines neighbourhood life with easy access to Palma’s city centre. The coastal promenade provides an attractive setting for walking, cycling and enjoying the Mediterranean, while cafés, restaurants and everyday amenities complement the surrounding residential area. For buyers seeking a property close to the sea in Palma, Es Molinar offers the charm of a coastal neighbourhood alongside the convenience of city living. This investment opportunity in Palma de Mallorca brings together proximity to the beach and the potential to create a thoughtfully designed townhouse in an established setting.

The proposed transformation of this property close to the sea in Palma combines contemporary comfort with a warm Mediterranean aesthetic. The concept envisages an open kitchen with an island and adjoining dining area, a living room opening onto the courtyard, a separate home office and a practical utility area with guest WC. Upstairs, two bedrooms with fitted wardrobes and two bathrooms could provide comfortable private accommodation. Potential finishes include natural stone or stone-effect surfaces, oak joinery, neutral tones, traditional-style shutters and carefully integrated lighting. The compact courtyard could accommodate terrace furniture, planting and a sheltered outdoor dining space. Air conditioning, efficient heating and upgraded insulation could be incorporated into the final technical design. All proposed features, materials and layouts remain subject to feasibility, the final specification and the necessary approvals. The accompanying plans and concept visualisations show how this investment opportunity in Palma de Mallorca could become an inviting home in Es Molinar.

If you purchase this property for €800,000, you should budget approximately €73,000 in additional acquisition costs. Under the standard Balearic transfer tax (ITP) rates, the tax amounts to €70,000: 8% on the first €400,000 (€32,000), 9% on the next €200,000 (€18,000) and 10% on the remaining €200,000 (€20,000). Allowing an estimated €1,500 for notary fees, €1,000 for Land Registry fees and €500 for administrative processing (gestoría), the estimated total acquisition budget is €873,000. This calculation assumes that the applicable taxable value is €800,000; a higher cadastral reference value could increase the tax. Notary, registration and gestoría fees are estimates subject to final invoices. Legal advice, financing and redevelopment costs are additional.