3 Bedroom penthouse for sale in Castellana, Madrid

Lucas Fox presents this exclusive 178 m² penthouse in the prestigious Salamanca district, next to the Italian Embassy. This spacious and bright property boasts a spectacular 20 m² terrace for outdoor enjoyment.

The property, to renovate, offers a versatile layout that allows for three bedrooms and three bathrooms, making it easily adaptable to the buyer's needs. The owners are offering the apartment completely demolished, allowing for customization. They also offer an optional, fully customizable renovation proposal, making the renovation process easier.

The property boasts three-meter-high ceilings and a west-facing orientation, enhancing the feeling of spaciousness and light. It is located in a classic, elegant, and well-maintained building with only two residents per floor, a live-in concierge , and a storage room included.

This property represents a unique opportunity for both residence and investment, thanks to the high rental demand in the area and the constant interest from national and international investors. This offers great potential for profitability and appreciation.

It is located in one of Madrid's most exclusive and sought-after areas , surrounded by luxury boutiques, high-end restaurants, and premium amenities .

It also offers excellent connectivity via the metro, buses, and commuter trains, which connect to the main points of the city.

• Sixth floor
• Double elevator
• Concierge (lives on the building)
• Classical building
• Individual heating
• Patios in good condition
• West facing

• Large living-dining room
• Kitchen
• 3 bedrooms
• 3 bathrooms
• Terrace 20 m²
• Storage room

This apartment is located on the western edge of the prestigious Salamanca district, in the Castellana neighbourhood , one of Madrid's most distinguished and dynamic enclaves. Its proximity to Paseo de la Castellana, the city's financial and business artery, gives it a unique character: a perfect combination of classic residential elegance and modern urban dynamism.

The Castellana area stands out for its wide tree-lined avenues, stately architecture, and iconic buildings that combine tradition and avant-garde. It is a highly valued area for its tranquility, security, and exclusive atmosphere, ideal for both primary and secondary residences or high-end investments.

Just steps away are iconic landmarks such as the IE Business School, the U.S. Embassy, and the headquarters of major corporations and professional firms. This makes this area highly sought-after by executive profiles and international buyers.

The area offers immediate access to Madrid's Golden Mile, with luxury shops, gourmet restaurants, art galleries, and select cafes, as well as prestigious schools, leading medical centers, and high-level personalized amenities .

Castellana enjoys excellent connections to the rest of the city. It has multiple metro stations (Gregorio Marañón, Rubén Darío, Núñez de Balboa), bus lines, and easy access to Paseo de la Castellana and the A2 motorway to the airport. It is also close to the Nuevos Ministerios train station, making travel in and out of Madrid easy.

The real estate market in Castellana maintains high and stable demand, with solid asset appreciation. It is a particularly attractive area for investors, expats, executives, and international buyers looking for exclusive properties in a premium location.