Frankly.
Estrictamente necesarias
€2.740.000
Renovated 4-bed penthouse with terrace in Palacio, Centro
4
bed
4
bath
305
At a glance:
Terrace · Lift · Parking · Move-in ready

In the heart of Madrid’s historic center, this ground-floor residence occupies a restored building in the Palacio district, where tradition and modernity converge. The home unfolds across a generous floor plan, beginning with a private terrace that introduces natural light and a sense of openness to the interior. Oak flooring extends throughout, creating warmth and continuity as you move from the living and dining areas to the sleeping quarters. The kitchen, designed with integrated appliances and natural stone surfaces, connects seamlessly to the living spaces. Four bedrooms, each with its own bathroom, are arranged to ensure privacy while maintaining a fluid relationship with the rest of the home. The building’s lift provides access, and the property’s understated elegance is reinforced by its central location, surrounded by Madrid’s cultural and architectural heritage.

NEXT STEP
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Or contact Savills Spain.

Also listed at: Diza Consultores, BHHS Spain, Walter Haus, The Sibarist, John Taylor Spain.

THE NEIGHBORHOOD

Centro

Centro is Madrid's medina — the historic core wrapped around the Royal Palace, Plaza Mayor, and the Austrias grid of narrow streets that have looked mostly the same since the 17th century. It's the most architecturally dense neighborhood in the city and the one most compromised by tourism pressure: the bulk of Madrid's short-term-let demand concentrates here, and Plan Especial de Hospedaje Ring 1 restrictions make new VUT licenses essentially unobtainable. The residential population that remains skews older, more local, and occupies buildings their families have held for generations. This is not a buyer's neighborhood in the Salamanca or Chamberí sense — it's a buyer's neighborhood for someone who values cultural density over space, light, and ease.

All homes for sale in Centro →
Nearby
🚇 Sol
3 min · Line 1, 2, 3
🚇 Ópera
5 min · Line 2, 5
🚇 La Latina
6 min · Line 5
🏫 Brewster Madrid (Chamberí campus)
2.5 km · American / IB
🏫 Hastings School
5 km · British / IB
🏛️ Plaza Mayor