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Palma
Palma | Balearic Islands

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Alessia Marinelli
Alessia Marinelli
Presented At
€550,000
Bedrooms
2
Bathrooms
2
Living
1,109
SQM
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Palma, Balearic Islands, Spain. , Palma , Balearic Islands

Brand new flat with 103 m2 with parking included near EL CORTE INGLÉS Avenues

Discover this elegant, brand-new apartment located in the heart of Centro, Spain. Offering a spacious 103 sqm living area, this luxurious residence features two bedrooms and two contemporary bathrooms. Included convenience of a private parking space enhances the urban living experience. Positioned near the prestigious El Corte Inglés Avenues, this apartment offers an unparalleled blend of style, comfort, and accessibility. Ideal for those seeking a luxurious urban lifestyle in a prime location. Don’t miss the opportunity to make this exquisite property your new home.

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Palma
Palma | Balearic Islands

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
60 °F
Few clouds
Feels Like 59°F
Humidity 62%
Wind 14 mph
Visibility 6.2 mi
Sunrise 5:53 AM
Sunset 6:00 PM
5-Day Forecast
Fri 20 Mar
Clouds
High 61°
Low 55°
Sat 21 Mar
Clouds
High 61°
Low 47°
Sun 22 Mar
Clear
High 59°
Low 46°
Mon 23 Mar
Rain
High 56°
Low 49°
Tue 24 Mar
Clear
High 60°
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: $55,000,000 20% down ($11,000,000)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$4,726
$4,726/day
Your home may appreciate while you sleep
$33,174/week $143,753/mo $1,725,040/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 💸 -$30.3M
vs
OWN 📈 +$43.5M
$43.5M Potential Equity
vs $30.3M lost to rent over 10 years
$11.0M Down Payment Growth
4x
10yr
$43.5M
8.1x
20yr
$89.4M
12.6x
30yr
$138.9M
Wealth Comparison
×331
Equivalent to 331 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $138.9M
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 $64.8M +18%
Market $74.9M +36%
Optimistic $90.6M +65%
$43.5M est. equity
20 Years
Conservative $76.3M +39%
Market $102.0M +85%
Optimistic $149.3M +171%
$89.4M est. equity
30 Years
Conservative $89.8M +63%
Market $138.9M +153%
Optimistic $246.0M +347%
$138.9M 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 Palma, Balearic Islands, Spain features 2 bedrooms with 1,109 square feet of living space.
This property offers 1,109 square feet of living space.
This property is listed at $55,000,000, which equals $49594 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.
Alessia Marinelli

Alessia Marinelli

COM PROPIEDAD 2006, SL

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COM PROPIEDAD 2006, SL

COM PROPIEDAD 2006, SL

COM PROPIEDAD 2006, SL

View Full Profile

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