New

Exceptionally Bright Residence with Three Balconies in Recoletos

€3,250,000
  • 4 Rooms
  • 4 Bedrooms
  • 3 Bathrooms
  • ~142 m² Total surface
  • ~142 m² Living area
  • Construction year 1932

Description

Engel & Völkers is delighted to present this exceptional residence situated in the heart of Recoletos, mere metres from the iconic Retiro Park. Its prime position, within one of Madrid’s most prestigious and highly sought-after enclaves, presents an extraordinary opportunity for both a magnificent primary residence and a sound investment.

Situated on the fifth floor of an elegant period building dating back to 1932, the property is distinguished by its stately character and abundance of natural light. It boasts three classic exterior balconies and impressive ceilings of approximately three metres in height—architectural elements that greatly enhance the sense of space and allow light to flood the interiors. A charming bay window serves as a particular highlight, adding a distinctive and refined touch to the space.

The current layout comprises four bedrooms and three bathrooms; however, a comprehensive refurbishment project is scheduled to commence shortly, which will seamlessly transform the property into a pristine, turnkey residence.

This is a truly unique proposition in one of the Salamanca district's most exclusive locations. We would be delighted to provide further information or arrange a private viewing at your earliest convenience.

Please note: The accompanying photographs depict the property in its current condition, prior to the upcoming full refurbishment.

Features
Air-conditioningBalconyBuilt-in kitchenElevator
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Engel & Völkers Madrid MMC

Your advisor: Alejandro Berdud

Property ID: W-04A8EL

Property details
  • Object type

    Flat

  • Rooms

    4

  • Bedrooms

    4

  • Bathrooms

    3

  • Floor

    5

  • Number of Floors

    6

  • Total surface

    ~142 m²

  • Living area

    ~142 m²

  • Usable surface

    ~142 m²

  • Flooring

    Wooden floor

Energy efficiency information
  • Construction year

    1932

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

  • Type of heating

    Radiator

  • Energy source

    Gas heating, Heat pump

Location: Salamanca, Madrid

Recoletos is the prime area of the Salamanca district, the area closest to El Retiro, and this home is just steps from Madrid’s largest and most emblematic park. The Salamanca district is one of Madrid’s most important areas, both for its distinctive layout and for the residents who have traditionally lived on its iconic streets. Its construction dates from the second half of the 19th century and corresponds to the urban expansion carried out during the reign of Isabella II. The pioneer from whom it takes its name was José de Salamanca y Mayol from Málaga, Marquis of Salamanca, who conceived a new location with carefully planned buildings to house Madrid’s aristocratic and bourgeois classes. Nineteenth-century in style, it is characterized by its distinctive regular checkerboard layout with perpendicular streets. Its buildings are of particular interest thanks to their architectural quality and the beauty of their façades. Traditionally, Salamanca was a residential area, especially inhabited by the country’s political and economic elites. Over the last fifty years, this residential character has coexisted with other activities such as business, diplomacy and especially retail, as it is one of the capital’s most important luxury fashion areas. El Retiro Park is the true centerpiece of this Madrid neighborhood, bounded by Alcalá and O’Donnell Streets at the northern end, Doctor Esquerdo Street to the east, the Avenida del Mediterráneo and the Paseo de Reina Cristina to the south, and Alfonso XII Street at the western end.

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