Penthouse for Renovation in Recoletos with a 20 m² Terrace by Retiro Park

Dils Lucas Fox presents this exclusive penthouse for sale in a prime location in Recoletos, in the Salamanca district of Madrid. This property enjoys an exceptional setting next to the iconic Buen Retiro Park, one of the capital's most emblematic green spaces. The area offers an unbeatable lifestyle, with a wide array of luxury boutiques, renowned restaurants, art galleries, and museums, as well as excellent public transport connections. All of this makes this location one of the most sought-after in Madrid, ideal both as a primary residence and as an investment.

The property has an approximate cadastral area of ​​151 m², of which 127 m² correspond to the property and 24 m² to common areas, in addition to a magnificent private terrace of approximately 20 m². Located on the top floor of an elegant, classic building constructed in 1936, it stands out for its exceptional natural light, completely unobstructed views, and the privacy it offers by having no neighbors on the floor above. Its three-meter-high ceilings provide a great sense of spaciousness, while the layout proposed in the renovation project includes three bedrooms, three full bathrooms, and a guest toilet, which can be adapted to the needs and preferences of the future owner.

The property is in need of renovation, offering an excellent opportunity to develop a fully customizable transformation project. Its east-facing orientation allows for abundant natural light throughout much of the day, enhancing the appeal of all its spaces and the enjoyment of its unique views.

Furthermore, the property is part of a unique classic building from 1936, protected for its architectural value, which has an elevator, concierge service and service staircase, features that reinforce the comfort and exclusivity of this property.

Energy rating pending.

The asking price is €2,390,000. Applicable taxes (ITP/AJD), as well as notary fees, registration fees, and other costs associated with the sale, are not included in the price. The total cost of the acquisition may vary depending on the buyer's profile and the terms of the transaction, which can be detailed upon request.

The information provided is for informational purposes only, based on data provided by the property owner, and may be subject to change. It does not constitute a contractual offer.

Characteristics

Classic protected building 1936
Penthouse on the top floor
Private terrace of 20 m²
Unobstructed and unique views
East orientation
Elevator
Concierge service
Service staircase
Ceilings 3 meters high
Exterior
Customizable transformation project
To renovate

Layout:

Spacious living-dining room
Kitchen
3 bedrooms
3 full bathrooms
1 guest toilet
Private terrace of 20 m²

This property is located in the Recoletos neighbourhood , in the Salamanca district, one of Madrid's most exclusive and emblematic areas. This historic district offers an urban lifestyle. Recoletos is known for its wide, tree-lined avenues, stately buildings from the late 19th and early 20th centuries, and architecture that reflects Madrid's aristocratic and refined character.

One of the neighbourhood 's greatest attractions is its proximity to the Paseo de Recoletos and the Retiro Park, two spaces that offer tranquility, leisure, and culture just steps from home. The Paseo de Recoletos, with its gardens, sculptures, and iconic cafes, invites you to stroll and enjoy an elegant setting while connecting you to the rest of the city. Meanwhile, the Retiro Park is Madrid's green area , ideal for enjoying walks, outdoor sports, cultural activities, and moments of relaxation.

Recoletos is also a premier cultural and commercial hub. The neighbourhood boasts museums, art galleries, theaters, and cultural centers that attract art and history enthusiasts. Its culinary scene is equally outstanding, with fine dining restaurants, select tapas bars, and historic cafes that invite you to experience the Madrid lifestyle. Furthermore, the area features luxury boutiques and specialty shops that reinforce its cosmopolitan and exclusive character.

Recoletos' excellent connectivity is another major advantage: multiple metro, bus, and commuter rail lines allow for quick and efficient travel throughout the city. Furthermore, it's a safe and well-maintained neighbourhood , making it ideal for both living and investing in high-end real estate.