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Catalina Quetglas
Catalina Quetglas
Presented At
€1,049,918
Bedrooms
2
Bathrooms
2
Living
1,454
SQM
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Palma, Balearic Islands, Spain. , Palma , Balearic Islands

Triplex with Great Character in La Calatrava.

Located in the heart of Palma's old town, in the historic district of La Calatrava, this property, refurbished in 2024 combines 13th-century charm with all modern comforts. Just steps away from Palma Cathedral and the ‘Bishops Gardens’, this home is distributed over three floors and a basement, offering versatility and style for urban living. The property has two entrances and the ground floor could be used as an office or guest bedroom with a bathroom. The first floor features a cozy kitchen open to the living room, while the second floor houses a master bedroom with an en-suite bathroom. The basement provides additional space for laundry and storage, ensuring day-to-day convenience. With terracotta floors and wooden beams, some of which are original from Palma Cathedral, this property combines Mallorcan tradition and modernity, with gas central heating, air conditioning, and a domestic/food lift. The privileged location allows you to enjoy the vibrant atmosphere of the center of Palma, with easy access to cultural sites, cafés, and exclusive shops. One of the best-preserved old towns in Spain featuring the most amazing Gothic architecture in the Mediterranean surrounded by hundreds of narrow streets, excellent shopping, great restaurants, art galleries, museums, and amazing ancient passages leading to important historic monuments, landmark buildings, and the jewel of the crown: Catedral Santa Maria, La Seu. It is very popular for the nightlife and offers very trendy places to visit, like Passeig del Born, Avenida de Jaume III, Passeig de la Rambla, La Llonja and some of the most visited “Plazas”, such as Plaza Santa Eulalia, Plaza Cort, Plaza Mercat and Plaza Mayor among others. Casco Antiguo is one of the most desirable districts for property investment. Many of them have been renovated over the past few years and turned into luxury apartments, fitted with all the modern amenities.

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3D Street View Tour

Map showing Palma, Balearic Islands, Spain.

Property Location

Palma, Balearic Islands, Spain., Palma Balearic Islands

Local Weather & Climate

Palma, Balearic Islands

Current Conditions Updated recently
48 °F
Overcast clouds
Feels Like 48°F
Humidity 84%
Wind 1 mph
Visibility 6.2 mi
Sunrise 5:53 AM
Sunset 6:00 PM
5-Day Forecast
Fri 20 Mar
Clouds
High 67°
Low 48°
Sat 21 Mar
Clouds
High 62°
Low 48°
Sun 22 Mar
Clear
High 59°
Low 46°
Mon 23 Mar
Clouds
High 59°
Low 48°
Tue 24 Mar
Clear
High 62°
Low 47°
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: $104,991,800 20% down ($20,998,360)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$9,022
$9,022/day
Your home may appreciate while you sleep
$63,327/week $274,417/mo $3,293,001/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 💸 -$57.8M
vs
OWN 📈 +$83.0M
$83.0M Potential Equity
vs $57.8M lost to rent over 10 years
$21.0M Down Payment Growth
4x
10yr
$83.0M
8.1x
20yr
$170.6M
12.6x
30yr
$265.2M
Wealth Comparison
×631
Equivalent to 631 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $265.2M
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 $123.6M +18%
Market $143.0M +36%
Optimistic $173.0M +65%
$83.0M est. equity
20 Years
Conservative $145.6M +39%
Market $194.7M +85%
Optimistic $285.0M +171%
$170.6M est. equity
30 Years
Conservative $171.5M +63%
Market $265.2M +153%
Optimistic $469.6M +347%
$265.2M 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 house at Palma, Balearic Islands, Spain features 2 bedrooms with 1,454 square feet of living space.
This property offers 1,454 square feet of living space.
This property is listed at $104,991,800, which equals $72209 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 house located in Palma, Balearic Islands. The property is situated in an established neighborhood with convenient access to local amenities and services.
Catalina Quetglas

Catalina Quetglas

John Taylor Palma de Mallorca

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