A spectacular home for renovation on Columela Street

Engel & Völkers presents a unique opportunity in the heart of Recoletos. Located on prestigious Columela Street, right on the corner with Serrano—one of Madrid’s most exclusive and sought-after areas—this property offers an exceptional chance to create a high-end home in an absolutely prime location. Set on the fourth floor of an elegant classic building, the property has a surface area of 205 m² according to the Land Registry and features three street-facing balconies that provide excellent natural light and a strong presence. Notable are its 3.10-meter-high ceilings, enhancing the sense of spaciousness and the stately character of the home. The property is currently in need of renovation, offering a perfect blank canvas to design a bespoke residence. There is a proposal for an optimal new layout that allows for three double en-suite bedrooms, along with a generous social area with an open-plan kitchen, creating a final product in high demand in the prime market. As an added value, the property includes a storage room in the attic, a highly valued feature in this type of classic building. An ideal asset for both end users and investors, with enormous potential for appreciation in one of the capital’s most coveted locations.