Bright penthouse with terrace in Recoletos.

Recoletos is the prime area of the Salamanca district, the part closest to El Retiro. Specifically, this property is just steps from Madrid’s largest and most iconic park. The Salamanca district is one of Madrid’s most prominent areas, both for its distinctive layout and for the residents who have traditionally inhabited its emblematic streets. Its construction dates from the second half of the 19th century and forms part of the urban expansion carried out during the reign of Isabella II. The development’s driving force, after whom it was named, was Málaga-born José de Salamanca y Mayol, Marquis of Salamanca, who conceived a new district with carefully designed buildings to accommodate Madrid’s aristocratic and bourgeois classes. Built in the 19th-century style, it is characterized by a highly regular grid layout with perpendicular streets. Its buildings are of particular interest thanks to their architectural quality and beautiful façades. Traditionally, Salamanca was a residential area, inhabited especially by the country’s political and economic elites. Over the past fifty years, this residential character has coexisted with other activities, including business and diplomacy, and especially commerce, as it is one of the capital’s most important luxury shopping districts. El Buen Retiro Park is the true centerpiece of this Madrid district, whose boundaries are Alcalá and O’Donnell Streets to the north, Doctor Esquerdo Street to the east, Avenida del Mediterráneo and Paseo de Reina Cristina to the south, and Alfonso XII Street to the west.