8 penthouses for sale in Palma

Palma is the capital city of Mallorca and the Balearic Islands, and represents the most substantial urban property market in the archipelago. The city combines a medieval old quarter — including its iconic Gothic cathedral and Arab baths — with modern waterfront development and a well-developed commercial infrastructure. Property in Palma spans a wide range, from renovated apartments in the historic centre and Can Balaguer to contemporary new-build developments in newer residential districts. The waterfront and the areas around the Paseo Marítimo command the highest prices. Palma's year-round population, international schools, private clinics, and comprehensive retail make it one of the few Balearic locations with strong demand outside the summer season. Buyers include Mallorcan families, German and British professionals, and retirees. Rental yields are competitive by Spanish urban standards, supported by both long-term residential demand and short-stay tourism.

The current market in Palma includes 47 apartments from €259,000 to €4,100,000, 18 penthouses from €1,250,000 to €4,600,000, 17 villas from €750,000 to €11,000,000, 11 townhouses from €690,000 to €9,800,000, 9 houses from €990,000 to €5,495,000, 3 plots from €295,000 to €6,995,000.