A 500-Year-Old Home on Spain’s Party Capital Ibiza Lists for €10.8 million

A historic home in an Unesco World Heritage Site on the Spanish island of Ibiza has come to the market €10.8 million (US$11.7 million).

Dating to the 16th century, Palacio XI is in Dalt Vila—the oldest quarter in Ibiza Town, the island’s capital—which was designated a heritage site in 1999. The fortified enclave is a labyrinth of narrow, cobbled streets, ancient buildings and stunning views.

The four-storey home was acquired by the seller when it was in ruins and they embarked on a thorough restoration between 2014 and 2018, according to a spokesperson for the listing agency Charles Marlow Ibiza.

Mansion Global couldn’t identify the seller, or when or for how much they acquired the property.

Today, the house is a “blend of historic Ibiza charm and contemporary luxury,” said Tim Stacey, head of sales and rentals at Charles Marlow Ibiza. There are details like stone walls, tall beamed ceilings and grand stone arches, alongside features including an integrated sound system, comfort cooling and underfloor heating.

There’s a modern kitchen with a wine cooler, a dining room that opens out to the large main terrace, the pool area and a covered outdoor dining area, ideal for al-fresco entertaining.

There are also multiple living spaces, a roof terrace, a for-vehicle carport with EV charging, six bedrooms and “superb 360-degree views of Ibiza Town, the island, and Formentera [that] are truly breathtaking,” Stacey said.

Ibiza is considered one of the top luxury residential destinations globally, according to Knight Frank’s Prime International Residential Index, released earlier this year, which found prime property prices on the island rose 12% in 2023.

“Ibiza’s strength lies in its ability to provide an escape from metropolitan life,” said Jack Harris, a partner in Knight Frank’s International Residential team . “It’s a place where one can recharge the batteries (yoga is a staple on the island), enjoy world-class cuisine and reconnect with nature—whether on the beach or in the heart of the island’s countryside.”

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A 500-Year-Old Home on Spain’s Party Capital Ibiza Lists for €10.8 million

The restored property is in the oldest part of the island’s capital, a designated Unesco World Heritage Site

Atlas Real Estate is reimagining how people connect with property, combining listings, market insights, local stories and lifestyle content in one destination for those buying, selling or simply exploring the market.