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Junqueira, Lisbon
57,078 sqft
Price on Application
Opportunities of this nature do not come to market twice in a generation. This 17th-century palace a classified Monument of Public Interest and one of the last remaining historic palaces available in Lisbon’s most aristocratic district is presented exclusively and off-market to a single qualified buyer.
Built in the late Baroque era by one of Portugal’s most distinguished noble families and carrying an unbroken lineage of historical significance, the palace sits at the heart of Lisbon’s most rapidly appreciating corridor: Junqueira, positioned between the creative energy of Alcântara and the serene prestige of Belém. With planning consent in place, a rear extension approved, and a post-renovation valuation estimated in excess of €70 million, this is a heritage asset with a clear and compelling value creation path.
KEY FACTS
| Asset Type | 17th-Century Historic Palace — Monument of Public Interest |
| Total Built Area | 5,302.79 m² (incl. private garden) |
| Usable Area | 3,344.45 m² |
| Address | Rua da Junqueira 94–96, Lisbon |
| Status | Off-market; planning consent in place |
| Permitted Uses | Ultra-luxury residences, long-term rental, hospitality, wellness |
| Approved Extension | Discreet rear extension for additional private suites |
| Post-Renovation Est. Value | €70M+ |
| Heritage Status | Classified Monument of Public Interest |
| Nearby Landmarks | 5 major museums, Belém Presidential Palace, Tagus riverside, Avenida da Liberdade |
THE ASSET
The palace was constructed in the late 17th century by the Melo Torres family the Counts da Ponte and served as a residence of the Portuguese nobility for centuries before its later acquisition by the Lisbon Port Authority in 1945. The building reflects the elegance of the post-earthquake Baroque period: eclectic facades, generous proportioned interiors, and a private garden that constitutes a rare oasis of tranquility in the urban fabric of central Lisbon.
The total built area of 5,302 m² encompasses both the principal palace structure and the private garden, with 3,344 m² of usable interior space that lends itself to transformation without compromising the property’s heritage character. The approved planning concept provides for two substantial luxury residential units, wellness areas, a pool, gym, and full technical installations, a scheme that preserves the palace’s architectural soul while delivering a contemporary standard of luxury that commands the highest end of the Lisbon market.
The rear extension approval adds further optionality: additional private suites can be incorporated discreetly, expanding the revenue or residential capacity of the development without altering the palace’s historic streetscape presence.
LOCATION & MARKET CONTEXT
Rua da Junqueira places the palace within immediate reach of Lisbon’s most prestigious cultural and civic anchors five major museums including the National Museum of Ancient Art, the Belém Presidential Palace, the Tagus riverside promenade, and the city’s finest dining and retail. The neighbourhood is actively evolving: the Hyatt Regency is already present, and the Six Senses Lisbon is set to open in the district in 2025, establishing Junqueira as the city’s next luxury hospitality and residential destination.
Lisbon’s luxury tourism segment is growing at 4.5% in 2025 and inbound tourism is forecast to increase by 10% in 2026. Hyatt alone is tripling its Portuguese hotel presence by 2027. The conversion of historic palaces into iconic luxury destinations is an established and proven value-creation model in this market Pestana Palace being the defining local comparable and this asset is positioned to lead the next chapter of that story.
VALUE BENCHMARKS
17th-century Baroque palace
Private garden
Planning consent in place for luxury conversion
Post-renovation value estimated at €70M+
Junqueira between Alcântara and Belém
Surrounded by luxury hospitality openings
This is one of the last remaining classified historic palaces in Lisbon’s Junqueira district available off-market. With heritage status secured, planning consent in place, a private garden, an approved extension, and a location within one of Europe’s fastest-growing luxury tourism corridors, the asset represents a once-in-a-generation chance to create an iconic legacy property. Full documentation and particulars available upon qualified request through Elias Hannoush.