Versatile Residential and Commercial Building in Palma
€3,500,000
€9,777/m²
- 11
- Bedrooms
- 2
- Bathrooms
- 358 m²
- Interior
- 364 m²
- Plot
- House
- Type
- 12 Aug 2026
- Listed
The Habio take
This expansive 11-bedroom property offers a unique investment opportunity with both residential and commercial potential in the sought-after area of San Agustín, Palma. Its proximity to Calanova harbour enhances its appeal for both personal and rental use.
- investment
- rental income
- beach
- family
- luxury
Highlights
- 11 spacious bedrooms
- Commercial spaces currently rented
- Potential for conversion into three units
- Direct views of the port and mountains
- Large outdoor terrace and barbecue area
- Renovation opportunity in outbuilding
Worth knowing
- Outbuilding requires complete renovation
- Two bathrooms may be insufficient for large groups
Good fit for: Ideal for investors or large families seeking versatility in a desirable location.
Lifestyle scores
- Beach
- 75
- Walkable
- 70
- Remote work
- 70
- Family
- 80
- Retirement
- 60
- Airport access
- 65
- Investment
- 85
- Luxury
- 75
- Value
- 65
About this place
This large residential and commercial building is situated on the first line, directly opposite the port of Calanova in the residential neighbourhood of San Agustín, Palma. The property boasts a total of 358 m² of living space, which can potentially be converted into three residential units. Currently, it includes a three-storey house along with an outbuilding and two commercial spaces that are already renting out, making it an attractive investment option.
On the ground floor, you will find an outdoor barbecue area with a kitchen and a veranda, complemented by a spacious terrace and a 59 m² garage. The entrance hall measures 18.7 m², leading into a hallway of 11.4 m², a generous living room of 27.2 m², and a dining room of 17 m². The kitchen spans 24.6 m² and the ground floor also includes a toilet and a pantry for added convenience.
The first floor features four double bedrooms served by two complete bathrooms, one of which is fitted with a jacuzzi for relaxation. The second floor hosts an additional five double bedrooms, while the third floor includes a charming small tower with a terrace offering direct views of the sea, the mountains, and the port of Calanova. The outbuilding requires a complete renovation and includes two bedrooms, a living room, and a kitchen, presenting further opportunities for development.
What this place offers
- garage
- garden
- terrace
- balcony
- barbecue
- outdoor kitchen
- commercial spaces
Getting around
- Good water quality
Nearest beach · Playa Cala Major
~13 min drive · 6.3 km
Palma de Mallorca (PMI)
~19 min drive · 13 km
Approximate, measured from the property's area rather than its exact address. Drive times © OpenStreetMap contributors (OSRM); airports: OurAirports; bathing water: European Environment Agency, 2024 season.
Where you’ll be
Palma, Spain
- Nearest airport
- Palma de Mallorca (PMI)
- 11 km
- Also close
- Ibiza (Eivissa) (IBZ)
- 131 km
- Nearest city
- Barcelona
- 207 km
Marker is the location supplied by the agency — approximate, and often deliberately so. The exact address is confirmed on enquiry. Distances are straight-line.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
