Renovated, ready to move in House for Sale in the Center of Palma

This magnificent house for sale offers an extraordinary opportunity to own a piece of history, occupying the main floor of a majestic 17th-century mansion. Spanning an impressive total built area of 424 m² (414 m² of pure living space), this property features 3 spacious bedrooms and 3 bathrooms, perfectly tailored for luxurious city living. It comes complete with modern essential amenities including full air conditioning, central heating, double glazing, a dedicated laundry room, a wine cellar, and convenient lift access. While the historic estate does not include a private plot or garden, it boasts several beautiful balconies, a charming 10 m² terrace overlooking a picturesque courtyard, a highly coveted private parking place, and exclusive access to a heated communal indoor pool.

Situated in the deeply charming Montesión area, this unique house for sale is nestled right in the beating heart of Palma de Mallorca's historic Old Town. This vibrant neighborhood is increasingly in demand among young professionals who seek a high quality of life without the daily need for a car, as everything from bustling local markets to boutique shops, artisan bars, and fine dining is just around the corner. The area is highly prized for its enchanting medieval atmosphere, narrow winding streets, and noble bourgeois palaces. Furthermore, the property is located just a few steps away from the scenic Parc de la Mar and the sandy city beach, while Palma's international airport is exceptionally convenient, located less than a 15-minute drive from your doorstep.

The interior of this stately house for sale has been completely and meticulously renovated to create a seamless fusion of historical grandeur and sleek, modern design. The centerpiece of the home is a spectacular, cavernous living room boasting soaring ceilings over five meters high, beautifully accented by a fully restored, authentic wooden coffered ceiling. Culinary enthusiasts will love the contemporary designer kitchen, which features a large, integrated office space and top-tier finishes. Throughout the property, the renovation carefully preserves the undeniable authenticity of a genuine Mallorcan noble home while introducing crisp technical upgrades, including modern flooring, pristine renovated bathrooms, and large double-glazed windows that flood the south-facing spaces with natural Mediterranean light.

Acquiring this historic property for €4,390,000 involves Balearic property transfer taxes (ITP), which follow a progressive scale. For this luxury house for sale, the tax breaks down as follows: 8% on the first €400,000 (€32,000); 9% on the next €200,000 (€18,000); 10% on the next €400,000 (€40,000); 12% on the portion between €1,000,000 and €2,000,000 (€120,000); and the top Balearic rate of 13% on the remaining €2,390,000 (€310,700), totaling €520,700 in ITP tax. Factoring in approximately €4,000 for the notary, €2,000 for a professional gestor, and an estimated €3,300 for property registration and miscellaneous transactional expenses, the additional purchase costs add up to exactly €530,000. This brings the final, all-inclusive investment to approximately €4,920,000.