Penthouse apartment for renovation on Calle Lagasca with a 32-square-meter terrace.

Engel & Völkers presents a wonderful penthouse in the heart of Recoletos, one of the most exclusive and sought-after areas of Madrid. This magnificent property is located on the top floor of a classic, representative building dating from 1900, carefully preserved with a stately entrance that conveys elegance from the very first moment.

The property features 128 sq m of living space, plus 19 sq m of communal areas and a 32-square-meter terrace.

It offers endless possibilities as a complete renovation project. Its current layout allows for various floor plan options tailored to the buyer's needs and lifestyle—from a spacious, light-filled family home to an exclusive pied-à-terre in Madrid's most desirable neighborhood.

One of its greatest highlights is undoubtedly the spectacular 32 sq m east-facing terrace, offering open views over elegant Calle Lagasca. A true luxury in the heart of the city, perfect for sunny breakfasts, outdoor entertaining, or simply relaxing in a private setting. The generous size of this terrace not only adds immense value to the property but also transforms the home into an urban oasis with unique charm.

The building features a doorman, main elevator, service elevator, and two separate entrances to the property, providing added convenience and privacy.

The offer is completed by a very useful storage room and the security of investing in a prestigious, structurally sound building. A property with character in the best location of Recoletos, ready to be transformed into a bespoke residence that combines classic architectural charm with modern luxury.