Penthouse with large terrace to renovate in Recoletos, Madrid.

This penthouse is located on the top floor of a stately and prestigious building in the heart of Recoletos, boasting 115 m² of living space (approximate, based on local building typology) and a classic architectural style. The property enjoys a west-facing orientation, guaranteeing exceptional natural light throughout the day and complete privacy thanks to unobstructed views. The most striking feature of the apartment is its expansive 48 m² terrace, a unique outdoor space offering unobstructed views of the capital’s most iconic rooftops, seamlessly blending outdoor living with the comfort of a home high above the city.

Interiorly, the property offers great potential for a premium renovation, allowing for a customized layout that maximizes its architectural value. The apartment features high ceilings and a structural foundation that facilitates the creation of bright and airy spaces. It also includes a storage room, providing much-needed additional storage capacity in this area. The building boasts an elegant and meticulously maintained entrance, with an excellent community of owners, ensuring a peaceful and well-kept environment. It’s the ideal canvas for projecting a contemporary interior design within a structure steeped in history.

The location in Recoletos is undoubtedly the most prestigious and sought-after in Madrid, situated just steps from the Puerta de Alcalá and El Retiro Park. Living in this prime area allows easy access on foot to the luxury boutiques of the Golden Mile, as well as the most exclusive restaurants and leading cultural centers. The neighborhood is characterized by its safety, tree-lined streets, and superb transport and road connections. This strategic location guarantees a sophisticated lifestyle in the financial and social heart of the city, surrounded by every imaginable amenity.

Acquiring this property represents a solid and highly profitable investment due to the low vacancy rate and the high resale value maintained by properties in this location. The unique features of this penthouse, combined with the possibility of complete customization, make it a highly sought-after property for both investors and end users. It’s an unbeatable opportunity to own a property with a terrace in the capital’s most resilient market, where quality of life and prestige are guaranteed. We would be delighted to provide you with further details about the project on behalf of Walter Haus.