
Situated on one of Chamberí's most distinguished addresses, this penthouse unfolds across 115 square metres with a rare quality for central Madrid: a private terrace spanning the same footprint as the residence itself. South-west facing and flooded with natural light, the outdoor space becomes an extension of the interior—a canvas for landscape and retreat. The apartment requires renovation, offering the opportunity to shape the interior according to individual vision. The generous terrace, however, is immediately usable, providing immediate outdoor living and the possibility to cultivate a private garden within the city. The layout accommodates two bedrooms and two bathrooms, with the potential to reimagine how these spaces flow together.
Almagro is the quiet pocket tucked between Chamberí and the Castellana — a handful of blocks where old-money Spanish families, diplomats, and private-office founders have lived for generations. Streets like Calle Fortuny, Calle Zurbano, and Calle Almagro itself are lined with late-19th-century palacetes originally built as single-family residences, mostly subdivided into one or two full-floor apartments per building, with a few still in the hands of the founding families. The density of embassies and consulates per block is the highest in Madrid outside the formal diplomatic strip on Castellana. The housing stock is unusually homogeneous for central Madrid — stone-and-brick façades, 3–4m ceilings, original wrought-iron balustrades — and apartments run large, 180–400 m² being typical.