Lovely Duplex Penthouse for Sale in Historical Center of Palma

This remarkable property offers a unique opportunity for those seeking a sophisticated lifestyle in the heart of the Balearic capital. As a premier house for sale, this duplex penthouse features a generous living area of 129 m² complemented by a 21 m² south-facing terrace and a charming French balcony. The layout is thoughtfully designed with two spacious bedrooms and two modern bathrooms, though the large dressing area provides the flexibility to create a third bedroom if desired. Comfort is guaranteed year-round thanks to the integrated air conditioning system providing both heating and cooling, while the option to acquire a nearby underground parking space adds a rare level of convenience for an old town residence.

​Location is paramount when considering an apartment for sale in this region, and this property excels by being situated in the most sought-after part of Palma’s historic district. Residents will find themselves just a 10-minute stroll from the golden sands of the city beach and a mere 15-minute drive from the international airport. The immediate vicinity is a vibrant tapestry of culture and convenience, located steps away from the famous Mercat de l’Olivar and Plaza España. Living here means having the island's best restaurants, boutique shops, and authentic tapas bars right at your doorstep, making it an incredibly attractive investment.

The interior of the residence reflects a perfect blend of historic character and modern luxury, setting a high bar for any Penthous for sale in the area. The upper level showcases stunning high ceilings with traditional wooden beams, creating an airy and grand atmosphere in the living room. The kitchen comes fully equipped with high-quality appliances and fits seamlessly into the open-plan aesthetic. Throughout the home, you will find premium parquet flooring and high-end aluminum windows with double and triple glazing for optimal thermal and acoustic insulation. Every detail, from the built-in wardrobes to the sleek intercom system, has been maintained to an impeccable standard.

Acquiring this dúplex for sale involves specific financial considerations typical for the Balearic Islands. Beyond the purchase price of €595,000, the Property Transfer Tax (ITP) is calculated on a sliding scale: 8% on the first €400,000 (€32,000) and 9% on the amount between €400,001 and €600,000 (which applies to the remaining €195,000, totaling €17,550), resulting in a total tax of €49,550. Additionally, you should budget approximately €2,000 for notary fees and around €1,500 for a gestor to handle the legal paperwork. Including roughly €1,500 for land registry and other administrative costs, the total additional acquisition expenses amount to approximately €54,550, bringing the total investment to roughly €649,550.