A rare opportunity to acquire a historic building dating back to 1860, offered with an approved renovation project. Occupying a prime corner position with façades on two streets, this exceptional property offers approximately 580 m² across three floors, a basement and a spectacular roof terrace. The project seamlessly combines the timeless character of traditional Mallorcan architecture with contemporary design and modern luxury. The building's structural work is already around 80% complete, significantly reducing construction time while allowing the future owner to personalise the final finishes to their own taste. A lift will connect all levels from the basement to the top floor, ensuring maximum comfort throughout the residence. The basement is dedicated to an outstanding wellness area, where beautifully restored original vaulted ceilings create a unique setting for a private spa with an indoor pool, Jacuzzi, sauna, gym and relaxation lounge. Upon entering, the impressive eight-metre-high entrance hall immediately reveals the grandeur of the property's historic architecture. This level also includes an elegant reception or leisure area and a private garage for one vehicle. The carefully preserved pointed arches on the façade further emphasise the building's distinctive architectural identity. The first floor is devoted to the main living areas, featuring an expansive open-plan kitchen, dining and living room, complemented by a guest toilet and a flexible room that can serve as a bedroom, office or library. The second floor accommodates the luxurious principal suite, distinguished by its generous proportions and abundant natural light. Two additional bedrooms are located on this level, together with another versatile room that could function as a dressing room, study, reading room or additional bedroom according to individual requirements. The top floor has been conceived as a self-contained guest suite with space for a bedroom and private living area, opening directly onto the magnificent rooftop terrace. This exceptional outdoor space provides the ideal setting for relaxing, entertaining and enjoying the Mediterranean lifestyle while overlooking the rooftops of Palma's historic centre. Throughout the residence, soaring ceilings, original oak beams and meticulously restored architectural details preserve the building's authentic character while harmoniously integrating contemporary comforts and premium finishes. This is a truly exceptional opportunity to create one of Palma's most distinguished private residences, whether as an extraordinary family home or a high-value investment. The advanced stage of construction considerably shortens the development timeline while offering outstanding long-term appreciation potential in one of the Mediterranean's most prestigious property markets.