One of the most elegant seaside promenades of any Mediterranean city, Paseo Maritimo (or Passeig Maritim) is also one of the most demanded residential areas in Palma de Mallorca among prime second-home buyers. Located south of the city, this privileged promenade goes along the Palma seafront and the harbor with the gorgeous luxury yachts side by side, each more amazing than the last.
Paseo Maritimo Property Insights
The luxurious south-oriented apartments and penthouses of this area benefit from the attractive location within walking distance to Palma city. Situated in a frontline position, the properties from their terraces offer exclusive and stunning panoramic views to the whole city, the marina with its floating yachts and the sea. At night, this area is vibrant and alive, but it is still possible to live on a quiet street behind it.
Paseo Maritimo property market consists mostly of apartments and prices here are below Palma de Mallorca overall. The average price for an apartment is €4,400 per sq. meter and price for a house is around €3,250 per sq. meter on average.
Position offering spectacular views of the sea increases the average price of an apartment on Paseo Maritimo property market to €4,700 per sq. meter.
The most notable agencies on the local market offering the greatest number of listings are Balear Invest with more than 40 properties, Oliver Mateu and Nova with a significant amount of listings as well.
15. November 2018
Sale price distribution in Palma - Paseo Maritimo
Sale price per sq.m. for each property price in Palma - Paseo Maritimo
Why Paseo Maritimo Property?
The stunning sea road of Paseo Maritimo is about 6,000 meters long and forms the borderline from the capital Palma towards the water. It is leading all the way from the popular Porto Pi shopping centre in the west, through the historic centre and the Cathedral, the antique pier, bohemian district of Santa Catalina, till the harbour and prestigious residential area of Portixol in the east.
The best and nearest locations for water sports and leisure boating are the Real Club Náutico de Palma, luxury marina of Puerto Portals, and Portixol.
For golf lovers, there is the possibility to play in different locations such as the exclusive Club de Golf Son Vida with its three superb golf courses, which is reachable in a 15-minute drive.
During the daytime, the promenade is perfect for a morning run or a long walk along the waterfront. You can also take a bike ride all the way to Arenal and enjoy the beautiful views and the fresh breeze of the sea.
There are not many capital cities where you’ll find a beach club, but Palma has three of them where you can enjoy time by the sea in style. For example, the nearby Anima Beach is just a short walk from the Cathedral and it is open all year.
With the advantage of being only minutes away from the city centre, it is a very popular area with all the services at hand. And, of course, Paseo Maritimo offers plenty of chic restaurants and trendy cafes. For example, for authentic Mallorcan cuisine Restaurant Café Pesquero is a good choice for lunch or dinner.
The promenade of Palma is one of the favourite meeting points for the people of the island and the life not only vibrates here during the day. The attractive cosmopolitan and exciting nightlife of Paseo Marítimo offers different kind of trendy dancing clubs and fancy pubs for each taste. This is also where you will find the legendary night club Titos, which was the Mediterranean hotspot in the 70s, and still is very popular among the young crowd. On the Paseo, you will also find the world-famous nightclub Pacha, which is within a walking distance.
So, if you love to live close to the harbor with fabulous restaurants, great shops and millionaire yachts yet within easy reach from the city centre and best leisure places this area is perfect for you.