Spacious Property with Endless Possibilities

€ 890.000

This property in Palma's Establiments area boasts picturesque panoramic views, situated on approximately 2,000 m2 of land and covering roughly 900 m2 of living space. Its prime location offers unobstructed views of the bay and Tramuntana, while the serene street nestled in the lower region of Establiment provides easy access to Palma and all nearby amenities. The Mediterranean ambiance of the beautifully established urban plot includes fruit trees, two entrances, a water well, and electricity. The property's compliance with Regulation 12a allows it to be divided into three separate plots, with a minimum of 400 m2 per plot and 40% occupancy on the ground floor along with a maximum of one height. This presents the opportunity to build up to three single-family homes, or to renovate an existing Majorcan house. This property presents an excellent investment opportunity due to its high demand and charming surroundings in an ideal location.