Frankly.
Piso en venta en Palacio – Madrid | Gilmar Consulting Inmobiliario
€1.350.000
3-bed penthouse with terrace in Palacio, Centro
3
bed
2
bath
166
At a glance:
Terrace · Lift · Parking · Classic building

In the heart of Madrid's historic centre, this 1915 apartment occupies a period building with the solid presence and proportions of its era. The residence spans 166 square metres across a classical layout, with lift access and a terrace that opens toward the neighbourhood's tree-lined streets. The apartment unfolds through interconnected rooms of generous height and volume. The living and dining areas command natural light from the street façade, while the kitchen serves as a functional core. Three bedrooms and two bathrooms are distributed across the footprint, with the principal suite offering a more expansive sense of space. The terrace, accessible from the main rooms, extends the interior outward and brings additional air and light into the home.

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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.

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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