Classic elegance with unlimited potential in the heart of Recoletos.

Engel & Völkers presents one of those opportunities that rarely come to market. Located in a representative classic building on the prestigious Claudio Coello Street, this property stands out from the very first moment thanks to its imposing stately entrance hall — spacious, elegant, and absolutely spectacular — which defines the character of the building and anticipates the exclusivity of the home. Situated on a third-floor exterior level, the property has four balconies overlooking the street, providing magnificent natural light and reinforcing that stately feel so sought after in the Salamanca district. Its generous ceiling heights enhance the sense of space and allow for the restoration of moldings, cornices, and classic elements that will elevate the property to another level after renovation. The home currently requires a full refurbishment, representing an extraordinary opportunity to design a bespoke residence at one of Madrid’s most sought-after addresses. In the attached dossier, one possible redistribution proposal is presented: a spectacular outward-facing social area with living room and integrated kitchen opening onto the balconies, and a sleeping area with several en-suite bedrooms, combining privacy, functionality, and contemporary elegance. The interior part of the home faces a pleasant and spacious interior courtyard, providing quiet, brightness, and an atmosphere far more tranquil than usual in the city center. The proposed project combines noble materials and high-end finishes (as reflected in the specifications), with a timeless aesthetic that respects the building’s classic essence and merges it with a current design. In short, a property with three major strengths: Prime location in the heart of Salamanca Classic building with a representative entrance hall Exterior with 4 balconies and a quiet interior courtyard ✨ Ceiling heights that allow for a top-level renovation Project with enormous potential for value appreciation A perfect opportunity both for a demanding end client and for an investor who understands the value of transforming a classic into a unique piece.