A unique architect-designed townhouse in charming Palma old town
Five floors, four bedrooms and a private roof terrace with views across the old town, a few minutes' walk from Plaça Major.
Light, calm and finished to the last detail: a city home in the heart of old Palma
Behind a classic Mallorcan façade with green shutters and wrought-iron balconies, an architect has created a home of rare quality. Soft lime walls, natural stone, warm oak and handmade wooden doors give every floor the same calm, and the light moves through the house from the street-side balconies to the roof. Step outside and you are on a lively old-town street, a few minutes from Plaça Major, the Olivar market and the cafés of Palma.
The second floor: kitchen, dining table and sofa in one room, between two French doors.
Five floors, each with its own purpose
A private entrance from the street leads to the stairs. The shop on the ground floor has its own owner and is not part of the house; your home begins on the first floor.
First floor. Bedroom with balcony, about 22 m², and a bathroom.
Second floor. Kitchen, dining and sitting room, about 28 m², with balcony.
Third floor. Bedroom with balcony, about 14 m², a bathroom and laundry.
Fourth floor. Bedroom suite, about 23 m², with a freestanding bath, and a third bathroom.
Fifth floor. Bedroom, about 13 m², and the private roof terrace.
Four bedrooms, three bathrooms and a roof terrace above the old town.
The first-floor bedroom, with its French door onto the street-side balcony.
Finished, not refurbished
The work was designed and carried out as one project. Handmade wooden doors, exposed beams, bespoke joinery and a single palette of stone, timber and black metal run from the first floor to the roof, so the house reads as one piece rather than five.
The bathrooms are simple and exact: walk-in showers behind black-framed glass, wall-mounted taps, stone basins and built-in niches. The house is heated and cooled by aerothermal heat pump.
Ready to move into: every material, every light and every detail has been chosen with care.
The roof terrace, above the rooftops of the old town.
A terrace above the old town
The top floor holds the fourth bedroom and opens onto a private roof terrace, with sun for most of the day and views across the rooftops and bell towers of the old town.
The installations for a small plunge pool on the terrace are already in place, so a new owner can add one without opening up the house again.
Morning coffee on the roof, dinner on the roof, and the city below.
Floor by floor
The architect's plans for every floor, including the entrance on the ground floor.
Areas are usable floor areas from the plans.
Everyday Palma at the door
The house sits on a narrow, lively street in the centre of the old town, among cafés, restaurants, small shops and neighbours who have lived here for years. Plaça Major and the Olivar market are a few minutes on foot. The cathedral and the waterfront are a walk away.
Public parking under Plaça Major is about five minutes from the door. Most days you will not need a car at all.
A house for living in the city, not visiting it.
Palma old town, between Plaça Major and the Olivar market
The historic centre of Palma, inside the old city walls. Everything you need in daily life is within a few minutes' walk, and the airport is about fifteen minutes by car.
Open in Maps© OpenStreetMap
Townhouse, Palma Old Town
- Plaça Major3 min walk
- Mercat de l'Olivar5 min walk
- Passeig del Born10 min walk
- Palma cathedral15 min walk
- Palma airport (PMI)15 min drive
The map shows the area, not the house. The exact address is shared with registered buyers. Times are approximate.
What it costs to buy it, and what it costs to hold it.
The full cost, so you can decide with the right numbers: what you pay when you buy, while you own the house and when you one day sell it.
Buying the whole house
€2,995,000
| Transfer tax (ITP), Balearic scale | €339,350 |
| Notary and land registry, about | €2,500 |
| Your own lawyer, about 1 % + VAT | €36,200 |
| Agent commission | paid by the seller |
| Total, to complete, about | €3,373,000 |
While you own it
Every year, whole house
| IBI, the council tax | confirmed before you buy |
| Imputed income tax, if you do not let it | 19–24 % of a notional 1.1–2 % |
| Rental income, if you do let it | 19 % of profit, EU/EEA 24 % of gross, others |
| Wealth tax, Balearic rules | €3m per person exempt |
When you sell
Whatever you paid, this comes later
| Capital gains, non-resident | 19 % of the gain |
| Withheld by the buyer, on account | 3 % of the price |
| Plusvalía, the town hall’s land tax | two methods, lower applies |
| Purchase costs and invoiced improvements | reduce the gain |
The Balearic transfer tax is progressive: 8 % on the first €400,000, 9 % to €600,000, 10 % to €1m, 12 % to €2m and 13 % above. Each rate applies only to its own slice. Tax is calculated on the deeded price or the cadastral reference value, whichever is higher. Figures are indicative and confirmed by your lawyer before you sign.
Spain taxes the house. Your home country taxes you.
A tax treaty decides how the two fit together, and it differs from country to country. Pick yours — each opens in a new tab.
General information, not tax advice. Reviewed September 2026. The full picture, including how a Spanish sale works →
Financing this home
Through Homebase Finance we put you in touch with lenders and private capital who know homes like this one. Two situations come up most often.
A mortgage to buy the house
A Spanish mortgage or other finance for the purchase itself, arranged through partners who lend to buyers living in Spain as well as abroad.
When you buy
Finance for improvements
Finance for changes you make once the house is yours, for example adding the plunge pool on the roof terrace.
After you have bought
Everything, in plain numbers
The property
Inside
Outside
The numbers
Interested in the townhouse?
Tell us what you would like to start with: a video call, a private viewing in Palma, or the plans and documents. You hear back within a day.
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Torben Aagaard
Torben is your contact for this home. Ask him anything, or book a private viewing in Palma.
