Frankly.
Exclusivity, light and design in the iconic Princesa Building
€1.875.000
Sunlit 3-bed apartment with terrace in Centro
3
bed
2
bath
248
At a glance:
Terrace · Lift · Parking

The Princesa Building stands as one of Madrid's most recognisable landmarks, and this first-floor apartment captures the essence of what makes the address exceptional. At 248 square metres, the residence unfolds across a layout that prioritises both openness and functionality, with large exterior-facing windows that draw light throughout the day. Moving through the home, the living and dining areas command the central space, flowing seamlessly into a kitchen designed with contemporary restraint. Three bedrooms and two bathrooms accommodate the practical needs of the household, with the principal suite positioned to take advantage of the building's orientation. A terrace extends the living space outward, offering a rare outdoor connection within the city centre.

Sold
This listing was marked sold by the agency on 13 September 2026. The property is no longer on the market.
Listings that informed this estimate · centro
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