Historic Town Palace in Palma/Calatrava with ETV Licence

Property Description

Calatrava · Palma Old Town · €5,850,000 · Historic Town Palace · approx. 395 m² Living & Usable Area · approx. 57 m² Terraces · up to 5 En-Suite Bedrooms · ETV Tourist Rental Licence · Roof Terrace · Indoor Spa Pool · Patio · Lift · Garage for 1–2 Cars · Turnkey Delivery

Few properties in Palma’s Old Town combine centuries of architectural history with the standards expected of a contemporary private residence. Set on a quiet lane in the sought-after Calatrava quarter, just a few minutes’ walk from Palma Cathedral, this listed town palace is being comprehensively restored under an approved building permit and will be delivered turnkey.

An especially valuable additional asset is the existing tourist rental licence (ETV). In this location and for a property of this scale, a licence that can no longer be newly obtained represents a particularly rare and enduring advantage.

Preserved elements of the building can be traced back to the 14th century. Medieval masonry, protected historic timber structures and coffered ceilings, polychrome decoration and a section of Palma’s historic city wall integrated into the property give the residence an authenticity that has evolved over six centuries.

What makes the property particularly compelling is the combination of this historic substance with features rarely found in Palma’s Old Town: generous outdoor areas, a private garage, passenger lift, indoor spa pool and a roof terrace with far-reaching views across Calatrava.

A Historic Town Palace with an Individually Adaptable Layout

Approximately 395 m² of living and usable space is arranged across several levels. The future configuration can be adapted within the scope of the project, allowing for up to five bedrooms, all with en-suite bathrooms.

The approximately 60 m² living and dining area with open designer kitchen forms the heart of the principal living level. The master suite includes a dressing room, en-suite bathroom and private balcony. Further accommodation includes additional bedrooms, a separate studio for guests or staff and a flexible space that can be configured as a gym, spa or additional bedroom.

At the centre of the house, the traditional Mallorcan patio is retained as an integral part of the architecture. Connecting the different levels and drawing natural light deep into the property, it creates a sheltered private space within the historic structure.

Roof Terrace, Indoor Spa and Private Garage

Approximately 57 m² of terraces are distributed across several levels. The roof terrace is a particularly exceptional retreat, with views across the rooftops of Calatrava towards Palma Cathedral, Castell de Bellver and the Bay of Palma.

A heated indoor spa pool, passenger lift and private garage for one to two cars with EV charging provide a level of comfort rarely available within the historic fabric and narrow streets of Palma’s Old Town.

The building services will be comprehensively modernised and include underfloor heating via an air-to-water heat pump, individually controlled air conditioning, KNX home automation, solar installation and modern security systems. A bespoke kitchen with appliances by Miele or Gaggenau is also included in the planned specification.

Calatrava – One of Palma Old Town’s Most Characterful Residential Quarters

Calatrava occupies the eastern part of Palma’s historic centre, immediately behind the Cathedral and Almudaina Palace. Narrow lanes, historic façades and very little through traffic give the quarter a remarkable sense of tranquillity, while Passeig del Born, Paseo Marítimo, restaurants, galleries and central Palma remain within easy walking distance.

Larger historic residences are inherently scarce here due to the established urban fabric. The combination of six centuries of architectural history, approximately 395 m² of space, generous terraces, roof terrace, garage and private spa would already make this property highly unusual. Combined with its existing ETV tourist rental licence, it represents a combination of assets that is exceptionally difficult to replicate anywhere in Palma’s Old Town.

Further information regarding the restoration project, planned specification, ETV licence and individual adaptation options is available to qualified prospective buyers upon request.

Please note: The images shown are visualisations reflecting the current planning status and may be subject to change during execution. Information regarding areas, specifications, permits and the tourist rental licence should be verified as part of the legal and technical due diligence process. Prior to any final purchase decision, we generally recommend appropriate legal and technical due diligence as well as professional tax advice.