Palma:
Exceptional Investment Opportunity with Generous Plot and Outstanding Development Potential
Property ID: MT-CT205

Haus/Casa/House

Wohnzimmer/Salon/Living room

Schlafzimmer/Dormitorio/Bedroom

Schlafzimmer/Dormitorio/Bedroom

Küche/Cocina/Kitchen

Bad/Baño/Bathroom

Garage/Garaje/Parking

Haus/Casa/House

Haus/Casa/House









Price:
549.000 €
Living space:
140 sq. m.
Plot size:
500 sq. m.
No. of rooms:
3
Situated in a well-connected residential area of Palma de Mallorca, this unique property presents a rare opportunity for investors, developers, and private buyers seeking a project with significant value-enhancement potential. Set on a plot of approximately 500 m², the property comprises a detached single-storey house of around 140 m², complemented by a spacious garage and extensive outdoor space.
The existing residence currently occupies the ground floor and offers two bedrooms, one bathroom, and generously proportioned living areas. While the property requires comprehensive renovation, it provides an excellent foundation for creating a bespoke home tailored to modern lifestyle requirements and personal design preferences.…
A particularly attractive feature of this property is its remarkable development potential. Subject to urban planning regulations and the necessary approvals, there is the possibility to extend the existing structure with additional floors and a penthouse level. This offers a compelling opportunity to substantially increase both the usable living space and the overall value of the asset.
At the rear of the plot, there is an additional building with its own private rooftop terrace. This structure currently holds an alegal status and should therefore be reviewed independently by prospective purchasers with regard to its legal and urban planning situation.
The generous plot size allows for a wide range of possibilities, including landscaped gardens, outdoor entertainment areas, terraces, or additional recreational spaces. At the same time, the property benefits from excellent connectivity to Palma city centre, the international airport, and the island’s main transport routes.
This is a rare offering that combines redevelopment potential, flexibility, and long-term investment appeal in one of Palma’s increasingly sought-after residential districts. Whether envisioned as a private residence, a multi-generational family home, or a development project, the possibilities are truly exceptional.
Type of house: Townhouse
Useable area: 140 sq. m.
Kitchen: Fitted kitchen
Bathroom: Bathtub, Window
Number of bedrooms: 2
Number of bathrooms: 1
Balcony: 1
Terrace: 1
Garden: yes
Basement: Storage room
Alarm system: yes
Surroundings: Residential area
Number of parking spaces: 2 x Garage
Furnished: Partly furnished
Year of construction: 1970
Construction phase: House complete
Floor covering: Tiles
Condition: Well kept
Energy class: G
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