Frankly.
Brand new 4-bedroom penthouse with terrace and pool in the centre of Madrid
€3.300.000
3-bed penthouse with terrace in Palacio, Centro
3
bed
4
bath
432
At a glance:
Terrace · Lift · Classic building

In the heart of Madrid, this ground-floor residence is set within a 1907 building that retains the character of its era. The apartment opens into a sequence of spaces defined by light and proportion, with original architectural elements preserved alongside contemporary finishes. A private terrace extends the living areas outward, offering a rare connection to the outdoors in the city centre. The layout includes a fluid arrangement of living and dining spaces, with materials and details that balance elegance and function. The bedrooms are positioned for privacy, each with access to natural light and tailored storage. The property’s condition reflects careful maintenance, with a lift providing access to the upper floors of the building.

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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