Palau Bennazar, a nearly century-old residence designed in 1929 by municipal architect Gaspar Bennàssar Moner, is listed for sale for 14.9 million euros—about $17 million—with Alby Euesden of the Agency Mallorca, Robb Report reported.
Palau Bennazar Architecture on Plaça del Mercat
Located on Plaça del Mercat in the historic center of Palma’s Old Town, the four-story home spans approximately 9,500 square feet. The layout includes five bedrooms and six bathrooms. Gaspar Bennàssar Moner shaped modern Palma during more than three decades as municipal architect, and this property marks its first appearance on the market following a major restoration.
Restoring Period Details and Modernizing Structure
The restoration balanced preserving the old house with making it function as a modern home. Workers reinforced the structure with steel while keeping original stonework, timber galleries, and handcrafted ironwork intact. The interior features a mix of formal reception rooms, relaxed spaces, a custom kitchen and dining area, a main bedroom suite, a wellness studio with a sauna, a private garage, and an elevator running between the floors. A separate guest apartment includes its own kitchenette and en-suite bathroom.
Rooftop Glass-Floor Pool and Town Views
The rooftop features a swimming pool with a glass floor that looks down into the double-height hall below, allowing sunlight and water reflections to filter into the house. Beyond the pool, the roof holds sun and lounge terraces, a gas fireplace, and a summer kitchen beneath a retractable pergola, offering wide views over the rooftops of Palma’s Old Town.
Mallorca Luxury Real Estate Market Trends
The listing arrives as Mallorca’s high-end housing market continues to attract international buyers. Knight Frank’s latest report shows prime home prices on the island rose about 3 percent over the past year and are projected to maintain a similar growth rate. The report notes strong demand for renovated, move-in-ready fincas, while the southwest remains the most expensive area on the island, with sea-view villas reaching prices above $17 million.
Common Questions About Palau Bennazar
Who designed Palau Bennazar?
Mallorcan architect Gaspar Bennàssar Moner designed the four-story residence in 1929 during his tenure as the city’s municipal architect.
How many bedrooms and bathrooms does the Palma property feature?
The 9,500-square-foot home includes five bedrooms and six bathrooms across its four levels.
Who is handling the listing and what is the asking price?
Alby Euesden of the Agency Mallorca holds the listing, with an asking price of 14.9 million euros, or approximately $17 million.
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