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Versatile Residential and Commercial Building in Palma

€3,500,000€9,777/m²

Palma, Spain

  • 11

    bedrooms

  • 2

    bathrooms

  • 358 m²

    interior

  • 364 m²

    plot

  • House

    property type

  • 4 weeks ago

    listed

The Habio take

AI summary

This expansive 11-bedroom property offers a unique investment opportunity with both residential and commercial potential in the sought-after area of San Agustín, Palma. Its proximity to Calanova harbour enhances its appeal for both personal and rental use.

  • investment
  • rental income
  • beach
  • family
  • luxury

Highlights

  • 11 spacious bedrooms
  • Commercial spaces currently rented
  • Potential for conversion into three units
  • Direct views of the port and mountains
  • Large outdoor terrace and barbecue area
  • Renovation opportunity in outbuilding

Worth knowing

  • Outbuilding requires complete renovation
  • Two bathrooms may be insufficient for large groups

Good fit for: Ideal for investors or large families seeking versatility in a desirable location.

Lifestyle scores

Beach
75
Walkable
70
Remote work
70
Family
80
Retirement
60
Airport access
65
Investment
85
Luxury
75
Value
65

About this place

This large residential and commercial building is situated on the first line, directly opposite the port of Calanova in the residential neighbourhood of San Agustín, Palma. The property boasts a total of 358 m² of living space, which can potentially be converted into three residential units. Currently, it includes a three-storey house along with an outbuilding and two commercial spaces that are already renting out, making it an attractive investment option.

On the ground floor, you will find an outdoor barbecue area with a kitchen and a veranda, complemented by a spacious terrace and a 59 m² garage. The entrance hall measures 18.7 m², leading into a hallway of 11.4 m², a generous living room of 27.2 m², and a dining room of 17 m². The kitchen spans 24.6 m² and the ground floor also includes a toilet and a pantry for added convenience.

The first floor features four double bedrooms served by two complete bathrooms, one of which is fitted with a jacuzzi for relaxation. The second floor hosts an additional five double bedrooms, while the third floor includes a charming small tower with a terrace offering direct views of the sea, the mountains, and the port of Calanova. The outbuilding requires a complete renovation and includes two bedrooms, a living room, and a kitchen, presenting further opportunities for development.

What this place offers

  • garage
  • garden
  • terrace
  • balcony
  • barbecue
  • outdoor kitchen
  • commercial spaces

Where you’ll be

Palma, Spain

Location is approximate — exact address is confirmed by the agent.

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Buying property in Spain

Full guide →

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.

  • 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

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