MiMove

535 000 €

Apartment for sale in Palma de Mallorca

Palma de Mallorca, Illes Balears

Listing agency: First Mallorca

Facts & features

Property type
Apartment
Bedrooms
1
Bathrooms
1
Built area
70 m²
Price per m²
7 643 €/m²
Private pool
No
Energy rating
X
Reference
MMV-11506-84119
MiMove ID
8613884
Listed
25/07/2026

What's special

Charming Penthouse with Immediate Rental Income in the Historic Heart of Palma.

A unique investment opportunity in one of Palma’s most iconic locations, offering guaranteed rental income from day one.

This distinctive penthouse of approximately 70 m² is located in the prestigious Cort area, next to Hotel Cappuccino, within an elegant and representative building featuring two lifts.

Its attic-style character, exposed wooden beams, skylights, and abundant natural light create a unique atmosphere and authentic Mediterranean charm that is rarely found in conventional city-centre properties.

The apartment comprises one bedroom, one bathroom, and a fully fitted and equipped kitchen, offering a comfortable and functional layout.

The property is currently occupied by a reliable long-term tenant, allowing the new owner to benefit from immediate rental income, making it an excellent opportunity for investors as well as those looking to add a distinctive asset to their real estate portfolio.

An exclusive property in Palma’s historic centre, where location, character, and profitability come together in a single investment opportunity.

For further information, please do not hesitate to contact the First Mallorca sales team.

Features

  • · Near beach

Enquire about this home at https://mimove.com/property/apartment-for-sale-in-palma-de-mallorca-balearic-islands-8613884/ — the agency answers through MiMove.

Available

535 000 €

Apartment for sale in Palma de Mallorca

Palma de Mallorca, Illes Balears

  • 1beds
  • 1baths
  • 70 m²built
  • Apartment
  • Spain
  • No plot
  • 7 643 €/m²
  • EPC X
  • No pool

What's special

Near the beach

Charming Penthouse with Immediate Rental Income in the Historic Heart of Palma. A unique investment opportunity in one of Palma’s most iconic locations, offering guaranteed rental income from day one. This distinctive penthouse of approximately 70 m² is located in the prestigious Cort area, next to Hotel Cappuccino, within an elegant and representative building featuring two lifts. Its attic-style character, exposed wooden beams, skylights, and abundant natural light create a unique atmosphere and authentic Mediterranean charm that is rarely found in conventional city-centre properties. The apartment comprises one bedroom, one bathroom, and a fully fitted and equipped kitchen, offering a comfortable and functional layout. The property is currently occupied by a reliable long-term tenant, allowing the new owner to benefit from immediate rental income, making it an excellent opportunity for investors as well as those looking to add a distinctive asset to their real estate portfolio. An exclusive property in Palma’s historic centre, where location, character, and profitability come together in a single investment opportunity. For further information, please do not hesitate to contact the First Mallorca sales team.

4 months on MiMove| |

MiMove last checked:
12 hours ago
Listing updated:
14 November 2026 at 04:28
Listed by:
First Mallorca
Source:
Agency feed, Ref: MMV-11506-84119| MiMove ID: 8613884

Facts & features

Interior

Rooms
Bedrooms1
Bathrooms1
Area
Built area70 m²
Price per m²7 643 €/m²

Property

Plot
Plot sizeNone
Private poolNo
Type
Property typeApartment
Listing typeApartment for sale in Illes Balears

Energy

Energy ratingX
CertificateIssued

Location

AreaPalma de Mallorca
Province / regionIlles Balears
CountrySpain
Coordinates39.56957, 2.65059

Listing details

Reference
MiMove ID
Listed25/07/2026
Last updated14/11/2026
Photos16
FeaturedNo

Price history

DateEventPrice
25/07/2026Listed for sale535 000 €7 643 €/m²

Market comparison

Location

In Districte Centre. See every property in Districte Centre

Listing agency

First Mallorca

First Mallorca

Contact this agency through the form

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First Mallorca

First Mallorca

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This home

7 643 €/m²

Districte Centre median

6 919 €/m²

97 listings in this district

Difference

+10%

above the local median

5 650 €/m²middle half of asking prices10 075 €/m²

Homes of 70 m² in Districte Centre ask 396 000 € to 705 000 € (median 484 000 €).

Asking prices of 97 listings currently on MiMove in the same district, same sale type. A comparison, not a valuation.