Frankly.
Design property in Palacio
€1.700.000
Renovated 3-bed penthouse with terrace on Cava de San Miguel in San Miguel, Centro
3
bed
2
bath
154
At a glance:
Terrace · Lift · Parking · Move-in ready

On Cava de San Miguel, one of Madrid's most storied streets, lies this 154 m² residence on the second floor of a building with lift access. The location sits at the heart of the Habsburg quarter, steps from Plaza Mayor, San Miguel Market, and Puerta del Sol—a neighbourhood woven into the fabric of Madrid's cultural and gastronomic identity. The apartment has been renovated to blend period character with contemporary design. The layout unfolds across three bedrooms and two bathrooms, arranged around exterior-facing rooms that draw natural light throughout the day. A terrace extends the living space outward, offering a rare outdoor element within this densely historic neighbourhood.

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Or contact Engel & Völkers.

Also listed at: Otto Bayt, Glanz.

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