description

Located on one of the most exclusive and sought-after streets in the Salamanca neighbourhood , in the heart of Recoletos, this property represents an exceptional opportunity to both live and invest in one of Madrid's most prestigious areas . Just steps from Retiro Park and Serrano Street, the surroundings combine elegance, security, and an unparalleled array of luxury boutiques, renowned restaurants, and premium amenities . Excellent connectivity and proximity to major business areas also guarantee high demand for residential and corporate rentals, particularly among international professionals and executives. The property is located on the top floor of a classic building in the prestigious Recoletos neighborhood, featuring an elegant entrance and well-maintained community. Its west-facing orientation provides exceptional natural light throughout the day, while the spacious 48 m² terrace offers a privileged exterior space with unobstructed views and complete privacy, ideal for enjoying sunsets from the highest point in the city. This spectacular penthouse boasts 242 m² of living space and includes a storage room . Currently, the property is completely gutted, revealing its full potential as a blank canvas. The absence of an existing interior layout offers a unique opportunity to design a fully customized home, maximizing spaciousness, light, and functionality. The current owners also offer an optional, fully customizable renovation project, developed by a renowned architecture studio, which allows the property to be transformed into a high-level contemporary residence while respecting the stately character of the building. The combination of a prime location, a classic building , a large terrace and enormous potential for customization makes this property a solid investment, with high appreciation, low vacancy and a high resale value in one of the most sought-after enclaves in Madrid. In compliance with the information obligations provided for in Law 10/2025 on Customer Amenities and Transparency, it is stated that notary and registration expenses, as well as the Property Transfer Tax (ITP) of the autonomous community where the property is located, are not included in the price.