Description
Architectural Jewel in the Heart of New Palma: Luxury, History, and Investment Potential
We present a truly unique property in today's market: an authentic Mallorcan-style palacete built in 1923, located at the epicenter of Palma's urban renaissancethe Nueva Gomila and El Terreno district. This protected building, combining historical, artistic, and architectural value, is offered at a final price of €3,000,000, an exceptionally attractive figure considering its recent official appraisal (November 2024) exceeding €6 million.
The Property
With more than 660 m² of built area on a 900 m² plot, the property is arranged over five levels and surrounded by exquisite Mediterranean gardens. Its stately architecture is crowned by a tower featuring a terrace with direct panoramic views of Bellver Castle and the sea.
Layout by Floors
Gardens and Accesses: Grand entrance from 'Av. XXX' with covered garage space, and a private rear-garden oasis featuring a covered porch and an artistic dome.
Interiors:
The ground floor offers majestic reception rooms and lounges.
The first floor comprises five rooms and terraces.
The lower level (-1) provides interconnected spaces with smoke extraction (ideal for an industrial kitchen) and a dedicated back-office/service area.
Potential and Uses
Versatility is key. Current regulations allow for multiple uses: from a dream single-family residence to conversion into luxury apartments, a corporate headquarters, or an exclusive 5-star Boutique Hotel (up to 20 rooms). Installation of an internal elevator is also permitted.
The Surroundings: The Gomila Project
Investing here means backing a winning location. The area is undergoing a comprehensive transformation led by internationally renowned studios (MVRDV and GRAS), with major investments from leading groups such as Camper, Melia, and Grupo Pinero. The property will sit within Palma's new cultural and touristic 'golden mile,' next to the renovated Paseo Maritimo and Club de Mar.
Summary
This is not merely a building; it is a piece of Mallorcan history with immediate value appreciation potential. Contact us today to arrange a private viewing of this exceptional property.
4. Summary of Features by Floor
Ground Floor: Main hall, reception area, two dining/living rooms, 4 bathrooms, and access to terraces.
First Floor: Hall, 5 multi-purpose rooms, one guest WC, and two terraces.
Second Floor & Tower: Room with access to the upper terrace offering 360º views of the sea and mountains.
Lower Level (-1) / Basement & Service Area: 3 rooms, 3 bathrooms, staff/back-office area, storage rooms, and smoke extraction.
1. Property Technical Data Sheet
Property Type: Mallorcan-style palacete (protected building).
Year of Construction: 1923.
Location: El Terreno / Paseo Maritimo, Palma de Mallorca.
Built Area: Over 660 m².
Plot Size: 900 m².
Levels: 5 distributed levels.
Asking Price: €3,000,000
Official Appraisal Value (06/11/2024): €6,026,097.00
Permitted Uses:
Single-family or multi-family residential (1 dwelling per 120 m²).
Commercial or public establishment (ground floor or entire building).
Administrative/office use.
Hotel/Tourism use (5-star category, up to 20 rooms, if occupying 100% of the building).
Extras:
Possibility to install an internal elevator.
Mediterranean gardens (front and rear).
Smoke extraction.
Covered garage.
Speak with us. Speak with Bonafinca.
