Top quality apartment for sale in Palma Casco Antiguo with good rental potential and sunny terraces

Occupying the second floor of the beautifully restored Palau Peña, this prestigious three-bedroom apartment offers refined city living within one of Palma Old Town’s distinguished historic buildings. Renovated in 2025/26, the residence balances original Mallorcan character with sophisticated contemporary finishes.

The generous interior comprises three spacious bedrooms, two luxurious bathrooms and a separate guest toilet. The principal bedroom enjoys direct access to a private 20 m² terrace overlooking the peaceful central courtyard garden, creating a rare sense of privacy in the heart of the city.

Three balconies bring further natural light into the apartment, while carefully selected details include herringbone parquet flooring, traditional Mallorcan shutters and an attractive feature fireplace. The high-quality fitted kitchen complements the elegant interior, with underfloor heating, ducted air conditioning, heat-pump heating and Climalit glazing providing excellent comfort throughout the year.

Beyond the apartment, Palau Peña makes an immediate impression. A cobbled entrance leads into a landscaped courtyard filled with mature plants and trees, centred around a contemporary fountain. With only five residences, the building retains an intimate and exclusive atmosphere.

Residents also benefit from direct lift access and a fitness centre. Combining generous outdoor space, historic architecture and an exceptional Old Town setting, this beautifully renovated home places Palma’s restaurants, boutiques, galleries and cultural landmarks within easy reach.

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.

For additional information contact BALEARIC PROPERTIES ESTATE AGENTS MALLORCA by email or call the Puerto Portals Office (+34) 971 68 40 00 – See more details about other apartments for sale in Palma or find out more about buying a home in Palma .

“Balearic Properties has been in business on the Balearic Islands for many, many years. The company headquarters is on Mallorca and over the years, we have built up an unparalleled portfolio of properties to suit every budget, by means of which we have already successfully helped 10.000 clients find their new home on the Balearic Islands. Our project management and construction companies offer a unique range of luxury, turn-key villas to suit all individual and personal needs. We also offer over 200 holiday villas that guarantee our clients an unforgettable holiday experience.

Balearic Properties is the exclusive associate of Savills in the Balearics Islands. The company offers clients a vast experience of over 26 years in the local property market. Our portfolio includes all sorts of modern villas, country homes, and trendy new developments in the best areas of the Balearic Islands. Balearic Properties also specialises in waterfront properties and large estates. The company offers a complete, all-around property service including property management, holiday lettings, project management and legal services.”

Property features

• Air conditioning
• Fireplace
• Central heating
• Double glazing
• 5-10 minutes to shops
• Close to all amenities
• Fitted kitchen
• Floor heating
• Quality residence
• Quiet location
• Spacious accommodation
• Tastefully decorated
• Charming property
• Excellent condition
• Good rental potential
• Many special features
• Newly built
• Open fireplace
• Stylish accommodation
• Top quality
• Air conditioning hot/cold
• Balcony
• Electricity
• Full of character
• Garden
• Renovated
• Walking distance to t. centre
• Near amenities
• Prestigious area
• Residential location
• Sought after area
• Picturesque garden
• Private terrace
• Accessible all year round
• Community garden
• Lift
• Walking distance to shops
• Built to high standards
• Completely equipped kitchen
• Prestige property
• Various terraces
• Immaculate condition
• Sunny terraces
• Luxury fittings
• Interior courtyard
• Courtyard
• Fitted wardrobes
• Terrace
• Wood flooring
• One level
• Walking distance to cafés
• Climalit windows
• Pre-installed heating
• Negotiable
• Heating
• Terrace balcony
• Pre-installed air-conditioning
• Underfloor heating throughout
• Wood carpentry
• Floor heating in bathrooms
• Gym
• Community gym
• Parquet floor
• Shutters
• Underfloor heating
• High ceilings
• Near transport
• Stone floors
• Underfloor heating-bathrooms
• Neutral decor
• Ready to move in
• Wifi available
• Heat pump