Carrer Monti-Sion, Palma, Balearic Islands, Spain. - Hero Image
Carrer Monti-Sion
Palma | Balearic Islands

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Presented At
€2,400,000
Bedrooms
3
Bathrooms
3
Living
2,842
SQM
Fireplace
High Ceiling
Stone Countertops
Elevator
Air Conditioning
Garage
Parking
Terrace
Privacy
Renovated
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Carrer Monti-Sion, Palma, Balearic Islands, Spain. , Palma , Balearic Islands

Luxury Apartment with Terrace in Palma's Old Town

Situated in the highly sought-after Calatrava district of Palma’s Old Town, this beautifully renovated residence offers an exceptional sense of space, both indoors and out. The apartment features a generous open-plan layout with a spacious living and dining area that flows seamlessly into a designer kitchen, perfect for both everyday living and entertaining.

Three large double bedrooms, each with its own en-suite bathroom, provide privacy and comfort. The standout feature is the private terrace, which is accessible from the living area as well as two of the bedrooms, creating a seamless connection between indoor and outdoor living. This rare outdoor space offers the ideal setting for relaxing, dining al fresco, or simply enjoying the peaceful ambiance of the historic neighborhood.

Renovated to a high standard with top-quality materials, the property is located in a traditional building that retains its charm while offering modern conveniences such as a lift. Additional features include a guest WC, a private parking space, and a personal storage cupboard in the communal garage—highly valuable assets in this historic part of the city.

This is a rare opportunity to own a spacious, light-filled home with generous outdoor space in one of Palma’s most exclusive and charming districts.

Exterior

Property

Gallery

3D Street View Tour

Map showing Carrer Monti-Sion, Palma, Balearic Islands, Spain.

Property Location

Carrer Monti-Sion, Palma, Balearic Islands, Spain., Palma Balearic Islands

Local Weather & Climate

Palma, Balearic Islands

Current Conditions Updated recently
56 °F
Few clouds
Feels Like 56°F
Humidity 82%
Wind 2 mph
Visibility 6.2 mi
Sunrise 6:10 AM
Sunset 5:49 PM
5-Day Forecast
Mon 9 Mar
Clouds
High 55°
Low 55°
Tue 10 Mar
Clouds
High 62°
Low 50°
Wed 11 Mar
Clouds
High 61°
Low 52°
Thu 12 Mar
Clouds
High 61°
Low 51°
Fri 13 Mar
Clouds
High 61°
Low 49°
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: $240,000,000 20% down ($48,000,000)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$20,623
$20,623/day
Your home may appreciate while you sleep
$144,759/week $627,287/mo $7,527,448/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 💸 -$132.1M
vs
OWN 📈 +$189.8M
$189.8M Potential Equity
vs $132.1M lost to rent over 10 years
$48.0M Down Payment Growth
4x
10yr
$189.8M
8.1x
20yr
$390.1M
12.6x
30yr
$606.1M
Wealth Comparison
×1,443
Equivalent to 1,443 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $606.1M
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 $282.6M +18%
Market $326.8M +36%
Optimistic $395.4M +65%
$189.8M est. equity
20 Years
Conservative $332.9M +39%
Market $445.1M +85%
Optimistic $651.5M +171%
$390.1M est. equity
30 Years
Conservative $392.0M +63%
Market $606.1M +153%
Optimistic $1,073.4M +347%
$606.1M 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 apartment at Carrer Monti-Sion, Palma, Balearic Islands, Spain features 3 bedrooms with 2,842 square feet of living space.
This property offers 2,842 square feet of living space.
This property is listed at $240,000,000, which equals $84448 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 apartment located in Palma, Balearic Islands. The property is situated in an established neighborhood with convenient access to local amenities and services.
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