Bright top-floor apartment to renovate in Recoletos.

€4,500,000

5 Rooms
5 Bedrooms
2 Bathrooms
~268 m² Total surface
~268 m² Living area

Description

Engel & Völkers presents this exceptional property for a complete renovation, located in the very heart of Recoletos, just a few meters from the iconic Retiro Park. Its privileged location, in one of Madrid’s most exclusive and representative areas, makes it a unique opportunity to design a fully customized home. A true gem that preserves the character and elegance of Madrid’s historic buildings, offering extraordinary potential for transformation. Located on the fifth and top floor of an elegant classic building from 1891, the property enjoys two south-facing balconies and unobstructed views, ensuring excellent natural light throughout the day. It currently has five bedrooms and two bathrooms, as well as a versatile layout that allows multiple configurations, including the possibility of designing up to four en-suite bedrooms. The bedrooms also open onto three very pleasant inner courtyards, providing excellent brightness thanks to its top-floor position and the large number of windows. In addition, in this part of the home there is the possibility of raising the attic ceilings, creating an attractive double-height space that would further enhance the sense of spaciousness and natural light. It also includes a large 19 m2 storage room in the building’s attic. A once-in-a-lifetime opportunity to create an exclusive residence at one of the most prestigious addresses in the Salamanca district. Do not miss this magnificent opportunity. For more information or to arrange a viewing, we will be delighted to assist you.

Features

Balcony

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Nadege Martínez

Property ID: W-030OBF

Location: Salamanca, Madrid

Recoletos is the prime area of the Salamanca District, the closest to El Retiro, and this property 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 development dates from the second half of the 19th century and corresponds to the urban expansion carried out during the reign of Isabella II. The figure from whom it takes its name was José de Salamanca y Mayol, a native of Málaga and the Marquess of Salamanca, who envisioned a new location with carefully planned buildings to house Madrid’s aristocratic and bourgeois classes. In 19th-century 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. The Buen Retiro Park is the true centerpiece of this Madrid neighborhood, bordered by Alcalá and O'Donnell Streets at the northern end, Doctor Esquerdo Street to the east, Avenida del Mediterráneo and Paseo de Reina Cristina to the south, and Alfonso XII Street at the western end.