Phreatic overgrowths on speleothems (POS) are unique precipitates that are found in a small number of coastal caves around the world, like those in the Mallorca Island. Their growth is directly related to the water level of the brackish lakes connected to the sea characteristic of these caves and, therefore, they can be very reliable indicators of past sea levels. The study presented here characterizes and classifies an important number of POS samples collected in the coastal caves of Mallorca. The characterization includes not only the observations made on 117 handheld samples and on 102 thin sections from POS, but also the study of their mineralogy and their location in the caves. This study has provided the basis for a systematization of all these characteristics, some of which are reported here for the first time in POS samples. The results indicate that (1) most of the POS precipitate on stalactites, (2) calcite POS show branched internal and external texture and their most common crystal fabric is mosaic calcite and (3) aragonite POS show globular external texture and fan‐shaped internal texture, and their principal crystal fabric is needle‐like. All the aragonitic samples have been found above or at the same heights as the current sea level, which indicates that they have probably formed during warmer climates. The calcite POS have been found at heights above and below the present sea level and are interpreted as to have formed during cold and rainy periods. The systematization proposed in this paper could be applied and checked in other POS worldwide. Additionally, the combination of these results with the information obtained from studies on the present precipitation of these phreatic speleothems in some Mallorca caves has provided an insight on their formation conditions which will enlarge the utility of these speleothems as palaeoenvironmental indicators.