
On Nuñez de Balboa, in the heart of Recoletos, this residence occupies a classic building with a presence that speaks to Madrid’s refined architectural heritage. The home unfolds across a generous layout, where the sequence of spaces is marked by a balance of tradition and quiet modernity. The living areas open toward a 120 m² terrace, a rare expansive outdoor space that extends the interior’s sense of openness while offering a direct connection to the city’s light and air.
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Recoletos sets the price ceiling for residential Madrid. The strip between Retiro park on the east and the Paseo de la Castellana on the west — running from Puerta de Alcalá up to Colón — is where old money, private banking, and international luxury retail have compounded for over a century. Park views on one side, embassy row on the other, a ten-minute walk to the Prado. What you pay for is the address: access to a civic and cultural geography that no other part of Madrid replicates, in classical buildings that cannot be built again.