This renovated 14th-century farm, known as a finca, is just outside Llucmajor, a small town on Majorca, the Spanish island about 130 miles off the Iberian coast.

Set on nearly 60 acres near the southern foothills of the Puig de Randa mountain, the property is surrounded by a stone wall and includes several structures made from local stone, mortar and cement: a three-bedroom villa; a guesthouse and separate casita with one bedroom each; a pool house with a spa; and a fully equipped stable house with two bedrooms. Scattered around the estate are several covered and uncovered terraces, as well as orchards, riding trails, a large garage and a swimming pool.

In a 2017 renovation, the owner replaced the villa’s windows and floors, updated the kitchen, repaired the roof and redecorated, preserving the essential structures and historic character, said Germán Feliu, a sales manager of Sotheby’s International Realty, which has the listing.

“What makes it so spectacular is the location — on a valley surrounded by beautiful mountains, but close to natural sandy beaches,” Mr. Feliu wrote in an email.

A long gravel driveway leads to the property, which is anchored by the 3,700-square-foot villa. The front door opens to a foyer. To the left, in what was once a kitchen, is a den with a brick fireplace. To the right is a library with built-in bookshelves and a stone fireplace.

Straight ahead from the foyer is a long common living area, with wide floor beams and high ceilings. At one end is an open office on an elevated platform. A dining table and a seating area with a fireplace are in the center. A second seating area with aluminum-framed French doors opening to a patio is at the opposite end.

Past the library is the kitchen, with a wood dining table, a marble-topped island with built-in appliances, and doors leading out to the grounds. (The antique, designer and custom furnishings are available to buy, but not included in the asking price, Mr. Feliu said.)

Three bedrooms are upstairs. The master suite, with its vaulted, whitewashed ceiling, has a fireplace, a private terrace and a large bathroom centered around a free-standing tub. Across the landing is another bedroom. A third bedroom, currently used as a yoga studio, is lofted, with a staircase that leads to the ground floor. The bedrooms share a hallway bathroom.

The one-bedroom guesthouse, one of several structures that can accommodate guests, has a bedroom and bathroom, and the stable house has two bedrooms and two bathrooms. The stone pool house has a bar and kitchen, a spa with a sauna and Jacuzzi, and a covered seating area.

The center of Llucmajor, a historic manufacturing town dotted with restaurants and markets, is a 10-minute drive from the property. The area is known for its vineyards, hiking trails, horseback riding and cycling. Puig de Randa mountain, to the north, is a popular climbing and cycling destination. Palma, Majorca’s capital and most populous city, is about 30 minutes away on the Mediterranean coast, and has the island’s only international airport.

Majorca is the largest of Spain’s Balearic Islands archipelago, in the western Mediterranean Sea. A longtime destination for tourists and foreign buyers, it has seen real estate prices rise for several years, in tune with those of the rest of the archipelago, according to a report on the 2019 market outlook by the Knight Frank agency. Since the market low during the global financial crisis of 2008, prices have rebounded by 23 percent, although they are still 9 percent below the peak.

Florian Hofer, the managing director of Engel & Völkers Balearic Islands, based in Port Andratx, said the rising prices are the result of increased demand and the improving quality of the homes on the market.