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Apartment for sale in El Terreno · Palma

El Terreno · Palma

Ref. 5278SALE
2
307 m²
No
No
€1,850,000

The property

NAPPO Real Estate is proud to present this exclusive New York-inspired loft located on the first floor of the iconic California building, constructed in 1998 on Avenida Joan Miró in Palma.

Currently registered as an office, this property offers an exceptional opportunity for both investors and buyers looking to create a truly unique home, as it already has the required urban planning documentation to begin the change of use to residential. At NAPPO Real Estate, we accompany our clients throughout the entire change-of-use process, providing a complete service until the procedure has been fully completed.

Its privileged location, between Paseo Marítimo and Cala Major, offers excellent connections to Palma's city centre, the marina, Marivent Palace, beaches, restaurants, supermarkets, public transport and every essential service for everyday living.

With almost 300 m² of interior space, this loft impresses from the very first moment with its extraordinary sense of openness. Its completely open-plan layout allows each area to flow naturally into the next, creating distinct living spaces without the need for traditional walls or divisions.

The kitchen becomes the true heart of the home, serving as a central meeting point around which the entire living space revolves, seamlessly connecting areas dedicated to relaxation, work, entertainment and creativity. The property also features two full bathrooms, providing both comfort and practicality within a space designed to adapt to a wide variety of lifestyles.

Its impressive ceiling height and expansive floor-to-ceiling glazing flood the interior with natural light throughout the day, enhancing the feeling of space while offering pleasant partial sea views.

The industrial aesthetic remains one of the property's defining features. Inspired by the most iconic New York lofts, it combines clean architectural lines with contemporary materials to create a sophisticated interior full of character.

Large double-glazed Climalit windows, industrial-style aluminium frames, elegant parquet flooring, air conditioning and carefully integrated lighting enhance every corner of the property, making it the ideal canvas for a truly exceptional residential project. Thanks to its generous dimensions, the space can accommodate multiple layouts, from a spectacular designer loft to a bespoke home where every area blends naturally into the next.

The genuine possibility of converting this property into a residence significantly increases its long-term value and makes it a rare opportunity within Palma's real estate market. Its versatility, distinctive architecture and exceptional volume create an asset with remarkable potential for future appreciation.

If you are looking for a property with a strong architectural identity, generous open spaces and the opportunity to create one of Palma's most unique loft homes, we will be delighted to arrange a private viewing and show you everything this extraordinary property has to offer.

With NAPPO, you can SELL, BUY, RENT or INVEST in property with complete confidence. We also have our own in-house renovation company, supported by architects, interior designers and specialised professionals; an internal mortgage department dedicated to securing the best financing solutions available; and a fully integrated legal department to assist you throughout every stage of the transaction.

With more than 40 associated real estate agents and 6 offices across Mallorca and Madrid, we are your trusted partner from beginning to end.

WHERE THERE IS NAPPO, THERE IS HOME.

Features

Air conditioningOrientation South

Running costs

Waste collection€126.00per year

Energy performance certificate

Consumption ratingEConsumption333.55Emissions ratingEEmissions94.85
ConsumptionE
A
B
C
D
EClass E
F
G
Energy consumption333.55kWh/m² year
EmissionsE
A
B
C
D
EClass E
F
G
CO₂ emissions94.85kg CO₂/m² year

Multimedia

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The area

El Terreno · Palma

Explore the area and its connections. The exact address is shared only with qualified buyers.

Luca Montanini

Luca Montanini

Office Palma · Cala Major

LanguagesEnglish · Spanish · Italian

Request your viewing

Preferred date · optional
Preferred time · optional
How do you plan to buy? (Optional)

Calculate your mortgage in 1 minute!

Mortgage, taxes, costs and fees explained in four steps.

01 · Tax base and taxation

Property transfer tax (ITP)

We start from the advertised price. If you are considering an offer, enter the amount you would like to analyse here.

02 · Taxes, costs and fees

Transaction taxes and costs

Tax is recalculated using the stated tax base. Standard costs are fixed; only other costs can be edited.

ITP Illes Balears€192,000

Notary€1,500

Land Registry€750

Administrative services€750

Appraisal€700

Infinity Finance fees€16,757

Taxes, costs and fees€212,457

Purchase price€1,850,000

Total transaction cost€2,062,457

03 · Purchase structure

How much would you like to finance?

Enter your contribution in euros. We calculate financing against the total transaction cost, including taxes and costs.

Total transaction cost€2,062,457Purchase price + taxes, costs and fees
Financing as a share of the purchase price91.5 %
Mortgage principal€1,692,457
Indicative appraisal value€2,115,571Mortgage principal ÷ 0.80
04 · Mortgage simulation

Calculate your mortgage

Enter the interest rate and term to estimate your monthly repayment.

Indicative simulation based on current regulations and the information entered. Tax benefits require documentary verification by Infinity Finance and do not constitute a binding offer or definitive tax advice.

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El Terreno · PalmaSale: €1,850,000
Nappo team in Mallorca