Bright property with three balconies in Recoletos.

€3,200,000

3 Rooms
3 Bedrooms
4 Bathrooms
~164 m² Total surface
~164 m² Living area

Description

Engel & Völkers presents this exclusive home, currently undergoing a full renovation, located in the very heart of Recoletos, just steps from the iconic Retiro Park. Its prime location, in one of Madrid’s most sought-after and representative areas, makes it an exceptional opportunity both as a residence and as an investment. Situated on the third floor of an elegant classic building from 1932, the property features three exterior balconies that provide magnificent natural light, including a charming bay window that enhances its stately character. The layout has been designed to offer spaciousness and functionality, and will include a large living-dining room, a separate sitting room, a fully equipped kitchen, a laundry area and a guest toilet. The sleeping area will consist of three spacious bedrooms, all with en-suite bathrooms. The property will be delivered fully renovated, with top-quality finishes. Completion scheduled for June 2026. Do not miss the opportunity to discover this magnificent property in one of the most exclusive locations in the Salamanca district. For more information or to arrange a viewing, we will be delighted to assist you.

Features

Air-conditioningBalconyBuilt in wardrobeGuest toilet

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Nadege Martínez

Property ID: W-048M2R

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.