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Palma
Palma | Balearic Islands

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Pierce Broderick
Pierce Broderick
Presented At
€6,917,341
Bedrooms
3
Bathrooms
3
Living
3,488
SQM
Fireplace
Office
Stone Countertops
Elevator
Bar
Kitchen island
Laundry Room
Terrace
Garage
Parking
Pool
Renovated
Investment Property
New Builds
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Palma, Balearic Islands, Spain. , Palma , Balearic Islands

Luxurious New Built Townhouse with Pool in Old Town Palma

This fantastic project, 'Townhouse Raimundo' is very special on the market. Spreading over three floors, all connected via a lift, together with a garage and rooftop terrace with a private pool, offers a very comfortable and enjoyable atmosphere. The use of natural stone, wood, glass, and iron, together with the space, all create a relaxing and multifunctional home. The ground floor welcomes with a welcoming lobby, a representative fireplace, high wooden ceilings, and unique stairs. Also on this floor is a magnificent wine bar, laundry room, and garage parking with plenty of room for cars and bicycles. The first floor includes the master bedroom with an ensuite bathroom, a second double bedroom, and a third room which could be used as a single room or home office. An additional bathroom completes this area. This vibrant 'day area' is designed for entertaining and relaxation. It includes a fully equipped kitchen with premium appliances, a spacious dining area, and a comfortable living room, complemented by a guest lavatory. Rooftop Terrace: The crown jewel of the property, the rooftop terrace, offers an idyllic space for relaxation and entertaining. Enjoy a private swimming pool, a summer kitchen, an outdoor shower, and dedicated areas for dining, lounging, and unwinding—all with breathtaking views of Palma's historic skyline. Premium Features and Finishes The Townhouse Llorenc showcases an array of top-quality brands and bespoke elements, including Poliform carpentry, Gaggenau and Miele appliances, Giopato & Coombes lighting, Bang & Olufsen audio systems, Roda outdoor furniture, and Loro Piana textiles. Additional highlights include custom-designed marble details, Flos lighting, Vola fixtures, and Sonance Invisible speakers, all selected to create an unparalleled living experience. Whether you’re seeking a serene retreat or an elegant space to host, the Townhouse Llorenc in Palma’s Old Town offers the perfect blend of luxury, style, and comfort. One of the best preserved old towns in Spain featuring the most amazing Gothic architecture in the Mediterranean surrounded by hundreds of narrow streets, excellent shopping, great restaurants, art galleries, museums and amazings ancient passage leading to important historic monuments, landmark buildings and the jewel of the crown: Catedral Santa Maria, La Seu. It is very popular for the night life and offers very trendy places to visit, like Passeig del Born, Avenida de Jaume III, Passeig de la Rambla, La Llonja and some of the most visited “Plazas”, such as Plaza Santa Eulalia, Plaza Cort, Plaza Mercat and Plaza Mayor among others. Casco Antiguo is one of the most desirable districts for property investment. Many of them have been renovated over the past few years and have been turned into luxury apartments, fitted with all the modern amenities.

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Map showing Palma, Balearic Islands, Spain.

Property Location

Palma, Balearic Islands, Spain., Palma Balearic Islands

Local Weather & Climate

Palma, Balearic Islands

Current Conditions Updated recently
55 °F
Broken clouds
Feels Like 54°F
Humidity 81%
Wind 6 mph
Visibility 6.2 mi
Sunrise 6:22 AM
Sunset 5:40 PM
5-Day Forecast
Sun 1 Mar
Clouds
High 62°
Low 52°
Mon 2 Mar
Clouds
High 64°
Low 49°
Tue 3 Mar
Clouds
High 64°
Low 55°
Wed 4 Mar
Clouds
High 66°
Low 57°
Thu 5 Mar
Clouds
High 62°
Low 54°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Palma?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

€
%
€100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.

Market Opinion

Our perspective on current market conditions in Palma. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis
International luxury real estate typically appreciates steadily over time.
65
Buyer Score
Estimated regional appreciation: 4% annually
Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $691,734,100 20% down ($138,346,820)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$59,441
$59,441/day
Your home may appreciate while you sleep
$417,227/week $1,807,983/mo $21,695,801/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$281K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 8% advantage over stocks
RENT 💸 -$380.6M
vs
OWN 📈 +$547.1M
$547.1M Potential Equity
vs $380.6M lost to rent over 10 years
$138.3M Down Payment Growth
4x
10yr
$547.1M
8.1x
20yr
$1,124.3M
12.6x
30yr
$1,747.0M
Wealth Comparison
×4,160
Equivalent to 4,160 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $1,747.0M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
13.9
years
Optimistic
5.12% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $814.6M +18%
Market $942.0M +36%
Optimistic $1,139.7M +65%
$547.1M est. equity
20 Years
Conservative $959.4M +39%
Market $1,282.9M +85%
Optimistic $1,877.7M +171%
$1,124.3M est. equity
30 Years
Conservative $1,129.8M +63%
Market $1,747.0M +153%
Optimistic $3,093.7M +347%
$1,747.0M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

This house at Palma, Balearic Islands, Spain features 3 bedrooms and 3 bathrooms with 3,488 square feet of living space.
This property offers 3,488 square feet of living space.
This property is listed at $691,734,100, which equals $198318 per square foot.
Based on current market indicators, Palma shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a house located in Palma, Balearic Islands. The property is situated in an established neighborhood with convenient access to local amenities and services.
Pierce Broderick

Pierce Broderick

John Taylor Palma de Mallorca

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