Engel & VölkersEngel & Völkers
A multi-story, cream-colored corner building in a city with wrought-iron balconies and a Spanish flag on the top floor. [AI-generated text]

An elegant property offering the opportunity to create an exclusive, bespoke home, with a classic feel, balconies and unobstructed views in Almagro

€2,960,000
  • 3 Rooms
  • 3 Bedrooms
  • 4 Bathrooms
  • ~198 m² Total surface
  • ~189 m² Living area
  • Completion expected October 2026

Description

Engel & Völkers is delighted to present this rare opportunity: an exceptional property in a beautiful, classic corner building on the top floor of one of Almagro’s finest streets, ready to be renovated and transformed into a home tailored to your needs.

This elegant flat, measuring almost 200 square metres and currently in a state of disrepair, is situated in a beautiful, classic building dating from 1950.

The property is in need of a complete refurbishment, offering an exceptional opportunity to create a bespoke residence with classic character and a generous layout. Its spaces lend themselves to a sophisticated transformation, combining spaciousness, light and functionality. Options are available for three or four bedrooms.

Of particular note are its eight balconies – a rare feature that provides ample light and superb views.

A unique proposition for those seeking to design an exclusive home in Madrid, preserving its architectural essence whilst enhancing it through top-quality contemporary materials, finishes and design solutions.

Features
Air-conditioningBalconyElevatorOpen view
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Engel & Völkers Madrid MMC

Your advisor: Pilar Perez

Property ID: W-02YD8X

Property details
  • Object type

    Flat

  • Rooms

    3

  • Bedrooms

    3

  • Bathrooms

    4

  • Floor

    3

  • Total surface

    ~198 m²

  • Living area

    ~189 m²

  • Flooring

    Wooden floor

Energy efficiency information
  • Construction year

    1,950

  • Energy certificate available

    Yes

  • Type of heating

    Radiator

  • Energy source

    Gas heating

Location: Chamberí, Madrid

In the distinguished Almagro neighborhood, this location offers an exceptional lifestyle for those who value elegance, culture, and urban convenience. Its stately streets, palaces, and embassies coexist with boutiques, art galleries, and a select gastronomic scene.

The infrastructure is excellent: Alonso Martínez and Rubén Darío stations are approximately a 5–8-minute walk away, connecting to Madrid’s main districts. Paseo de la Castellana is about a 10-minute walk, while Adolfo Suárez Madrid–Barajas Airport is approximately 20–25 minutes by car, depending on traffic.

Just minutes away are the Sorolla Museum and Paseo de Recoletos, while Retiro Park can be reached in about 15 minutes by public transport. Signature restaurants, iconic hotels, and cultural venues complete this refined leisure offering.

Almagro embodies the most distinguished essence of Madrid: a privileged location, seamless connectivity, and a residential atmosphere of incomparable sophistication.

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