Historic 16th-Century Mansion with Hotel Project in Palma
€6,000,000€3,690,037/m²
Palma de Mallorca, Palma de Mallorca, Spain
11
bedrooms
3
bathrooms
2 m²
interior
7 m²
plot
House
property type
2 weeks ago
listed
The Habio take
AI summaryThis 11-bedroom mansion in Son Dameto, Palma de Mallorca, boasts a unique opportunity with existing plans and a licence for a 5-star hotel conversion. Its historic character features high ceilings and gothic arches, set within expansive grounds.
- investment
- historic
- luxury
- city
Highlights
- 16th-century historic architecture
- Project and licence for 5-star hotel
- Internal area of 1,626 m²
- Extensive plot of 7,281 m²
- Potential for multiple uses: private residence or events venue
- Central courtyard and unique historical features
Worth knowing
- Extensive renovation likely needed
- Investment required for conversion into hotel
Good fit for: This property suits buyers looking for a substantial investment opportunity or a historic residence with flexible potential.
Lifestyle scores
- Beach
- 60
- Walkable
- 70
- Remote work
- 60
- Family
- 50
- Retirement
- 40
- Airport access
- 80
- Investment
- 85
- Luxury
- 75
- Value
- 50
About this place
Located in the area of Son Dameto in Palma, this historic 16th-century mansion has a fascinating history and numerous possibilities to create a 5 star hotel, a private residence, an events venue, a cultural centre or a residency for the elderly. This unique space with historical features, high ceilings, gothic arches, a central courtyard and many other features is just waiting for its beauty to be enhanced once again.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
