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Historic building to be refurbished in La Seu, Palma - Project approved for 4 premium homes

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RED MallorcaGriselda Figueroa 971888018  
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Located in the heart of Palma’s historic center, in the sought-after La Seu district, this building presents a unique investment opportunity in one of the most in-demand areas with strong capital appreciation potential. The property, with 531 m² built across six floors, features dual frontage: one on Deganat Street and the other facing a protected façade with direct views of the Cathedral cloister. The top floor provides access to a private terrace with views of the Cathedral towers and partial sea views.

The basic renovation project has already been approved by the City Council, with final heritage clearance pending. The proposal includes four premium residential units, totaling 491.25 m² of interior built space and 40.09 m² of private terraces. The project ensures full accessibility, an elevator, aerothermal climate control, high-efficiency windows, and premium finishes.

The units are designed for a high-end market: a 139 m² duplex on the ground and mezzanine floors; two single-floor residences of 98 m² each; and a top-level duplex of 130 m² with two private terraces and panoramic views of the city’s historic skyline.

With limited supply of restored, high-quality heritage properties, and residential prices in La Seu rising more than 35% over the past five years, this project stands out for its location, architectural value, and investment potential.

Property Features

  • Reference REDOFF-GF006
  • Type of Operation For sale
  • Type of property Building
  • Zone / City Centro / Palma de Mallorca
  • Built Surface 490 m2
  • Condition To refurbish
  • Year built 1800
  • Levels 4
  • Floor 2
  • Orientation South
  • Total Plot Size 95 m2
  • Terrace Size 41 m2
  • Views Sea views
  • Regime Libre
  •  Terrace

Energy Efficiency Rating

Pending Energy Consumption
kWh/m2 Year		 Consumer Kg CO2/m2 Year

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