Perfect location in central Palma! You basically have everything you need in walking distance. We took airport buss 1 (5 EUR) to Placa de España and it was easy to find from there.
The place itself is a renovated apartment in an old cozy building on the 2nd floor. May be difficult if you can't walk in steep stairs but it's so worth it. The apartment itself is beautifully decorated and has everything you need. Oven, dishwasher, hairdryer, microwave - you name it!
Great price and great value! Highly recommended!