Frankly.
Elegance and classicism in Salamanca district
€3.450.000
Elegant 3-bed apartment with terrace in Serrano, Salamanca
3
bed
4
bath
247
At a glance:
Terrace · Lift · Parking

In the heart of Salamanca, metres from Serrano and within reach of Retiro Park, this apartment occupies the first floor of a former palace—a setting that anchors the residence within Madrid's architectural heritage. The building retains its period character, accessed via a lift and solid wood staircase without barriers. The sequence unfolds from an entry hall into a layered living space: a principal salon with fireplace and dual street-facing balconies, followed by a dedicated office with custom cabinetry. The hall extends toward a substantial dining room, proportioned for formal gatherings. From this social core, a corridor leads to the private quarters—three bedrooms and four bathrooms distributed across the remainder of the floor. The apartment's south-facing exterior orientation brings consistent natural light throughout the day, while the terrace provides direct engagement with the street façade and neighbourhood life.

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Listings that informed this estimate · salamanca
THE NEIGHBORHOOD

Salamanca

Salamanca sets both Madrid's price ceiling and its social register. Developed in the 19th century by the Marqués de Salamanca as a deliberate enclave for the capital's aristocracy and new industrial wealth, the district still functions that way — embassies, private banks, the Spanish flagships of every European luxury house, and the quiet buildings where old-money families have lived for generations. The grid is rectilinear and deliberate: wide pavements, ten-meter cornice heights, yellow-flowering jacarandas lining the avenues in April. The built form is uneven up close — protected-façade classics on the main avenues, unremarkable 1960s–70s infill on the side streets, a growing share of gut-renovations marketed as "obra nueva" — but the address is the product, and buyers are paying for it.

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Nearby
🚇 Velázquez
4 min · Line 4
🚇 Serrano
5 min · Line 4
🚇 Núñez de Balboa
6 min · Line 5, 9
🏫 British Council School (El Viso infant annex)
2 km · British
🏫 Hastings School
3.5 km · British / IB
🏛️ Mercado de la Paz