Property Description

Fantastic Investment Opportunity in Son Españolet: Ground Floor Property with Building Potential


Located in the highly desirable neighborhood of Son Españolet, this ground floor free-standing property with no shared roof presents a unique opportunity for investors, developers, or visionary buyers. With a built area of 55 m² and a 6-meter-wide street frontage, the property not only offers a solid foundation but also the legal possibility to build an additional floor, effectively doubling the usable living space and significantly increasing its market value.

The existing home features two bedrooms (one double and one single), a bathroom, a separate kitchen, a bright living-dining area with air conditioning (hot and cold), a utility room, gas connection, and aluminum shutters. There´s also a charming private terrace — a rare feature in central Palma. While the current house is functional and well maintained, its true value lies in the potential for transformation and expansion.

This is an ideal opportunity to develop a custom-designed two-storey residence, whether for resale, long-term rental, or even as a premium holiday home (subject to licensing). The demand in this area is consistently high, especially for well-located properties with outdoor space and modern design.

Son Españolet is a quiet, residential area that has grown in popularity due to its proximity to the trendy Santa Catalina district, Palma city center, and a full range of amenities including schools, supermarkets, public transport, parks, and healthcare facilities. The location ensures not only quality of life, but also high rental returns and strong resale potential.

This is much more than a charming ground floor — it’s a prime redevelopment project in one of Palma’s most attractive urban zones. Whether you’re looking to expand, modernize, or create a completely new build, this property offers the space, structure, and location to bring your vision to life.

Don’t hesitate to contact us for more information or to schedule a viewing. We’d be happy to show you everything this property can become.

The buyer will be responsible for all purchase-related costs according to the law, except for the municipal tax (plusvalía), which will be paid by the seller.

Mallorcabyrån Real Estate is your trusted agency, we are registered in the Official Property Registry of the Balearic Islands, (ROAIIB), with registration number GOIBE740330/2024.

Features