Penthouse for sale in Palma de Mallorca, Mallorca

We are pleased to present a unique renovation opportunity in the heart of Palma’s Old Town, one of the city’s most sought-after locations. This duplex penthouse, arranged over two floors, is offered with an approved project for a full refurbishment and redesign into a high-end luxury residence.

The property currently requires complete renovation, offering excellent potential to create a bespoke home combining Mediterranean charm with contemporary design.

East-facing and filled with natural light, it enjoys open views over Palma’s historic rooftops. The approved project proposes a well-balanced layout with three bedrooms and two living areas, designed for both comfort and entertaining.

Original features such as wooden beams and traditional architectural details provide an ideal foundation for restoration, while the renovation plan includes modern upgrades, premium materials, and refined finishes throughout. An elevator installation has already been approved and is underway, adding future comfort and value.

A highlight of the property is the private rooftop terrace, exclusively for the penthouse, offering an exceptional outdoor space in the heart of the city.

A rare opportunity to acquire a project penthouse in Palma Old Town, with strong potential to create a truly unique luxury home in a prime location.

Palma, the capital of the Balearic Islands, located in the bay of the same name, has a pleasant climate all year (17.9 °C annual average). Known for its tourism and elegant shops, this city also has a beautiful old town. The Cathedral, the Palace of the Almudaina, the Lonja square and the Plaza Mayor are some of the places that make this wonderful city so mystical. Large palm trees frame most of the beautiful monuments.