Flat in Madrid, Salamanca - Recoletos, for sale

Description

Located in the prestigious Recoletos neighbourhood, in the heart of Madrid’s Salamanca district, this exclusive apartment is currently undergoing renovation, offering the opportunity to acquire a newly refurbished home in one of the city’s most established and elegant residential areas.

The property is set within a classic building dating back to 1932, a fine example of the area’s stately architecture, combining the charm of its original construction with a comprehensive plan to upgrade the communal areas. The building is currently undergoing a phased improvement programme, beginning with the staircases, followed by the entrance hall and façade, and concluding with the complete replacement of both elevator cabins, significantly enhancing both comfort and long-term value.

One of the apartment’s most outstanding features is its exterior character and exceptional natural light, provided by three balconies overlooking the street, comprising two traditional balconies and an elegant bay window. These architectural elements are highly sought after in Recoletos and increasingly rare. This is further complemented by approximately three-metre-high ceilings, which enhance the sense of space, light and refinement throughout the property.

The layout has been carefully designed to offer a perfect balance of functionality, privacy and comfort. The night area features three en-suite bedrooms, each with its own private bathroom, ensuring independence and convenience for both family living and guests. In addition, the apartment includes a guest bathroom, ideally positioned for the social areas, as well as a separate laundry room, discreetly integrated to support everyday living.

The renovation project focuses on creating generous, elegant and well-connected spaces, with a clear distinction between the living areas and the private quarters, while maximising natural light and the relationship with the exterior. The result is a home that blends contemporary comfort with the timeless character that defines this prime location.

Recoletos is synonymous with prestige, quality of life and timeless elegance. Its wide avenues, refined architecture, proximity to green spaces, and outstanding gastronomic, cultural and retail offerings make it one of Madrid’s most sought-after neighbourhoods. Excellent transport links and services further enhance its appeal, making this property an ideal choice both as a primary residence and as a long-term investment.

At Terra Homes, we carefully curate every property within our portfolio. We also have access to additional exclusive homes which, at the owners’ request, are not publicly listed, and which we would be delighted to present on a personalised basis.

In accordance with current regulations, the buyer is informed that they must bear the costs associated with the purchase, which include, for indicative purposes, the Property Transfer Tax (I.T.P.), currently set at 6% of the final transaction value. In addition, the buyer shall be responsible for notary and land registry fees, the final amount of which will depend on the notary chosen and the specific characteristics of the deed. The payment of the Property Tax (I.B.I.) shall be made in accordance with the agreement expressly reached between the seller and the buyer at the time of completion.

Details

• Type: Flat
• Transaction: For sale
• Province: Madrid
• Town: Madrid
• Area: Salamanca - Recoletos
• Constructed area: 164 m²
• Type of property: Re-sale
• Energy certification (consumo): E
• Energy certification (emisiones): E

Extras

• Floor: 3º
• Exterior: Yes
• Built Year: 1932
• Renovation year: 2026
• Nº Toilets/Shower: 1
• Orientation: West
• Renovated: Yes
• Air Conditioning: Yes
• Lift: Yes
• Laundry: Yes
• Fitted wardrobes: Yes
• Double glazing: Yes
• Stories: 8
• Flat per storey: 4
• Building condition: Good condition
• Windows: PVC
• Windows type: Tilt and turn
• Shutters: Yes
• Security guard: Yes

Description

Located in the prestigious Recoletos neighbourhood, in the heart of Madrid’s Salamanca district, this exclusive apartment is currently undergoing renovation, offering the opportunity to acquire a newly refurbished home in one of the city’s most established and elegant residential areas.

The property is set within a classic building dating back to 1932, a fine example of the area’s stately architecture, combining the charm of its original construction with a comprehensive plan to upgrade the communal areas. The building is currently undergoing a phased improvement programme, beginning with the staircases, followed by the entrance hall and façade, and concluding with the complete replacement of both elevator cabins, significantly enhancing both comfort and long-term value.

One of the apartment’s most outstanding features is its exterior character and exceptional natural light, provided by three balconies overlooking the street, comprising two traditional balconies and an elegant bay window. These architectural elements are highly sought after in Recoletos and increasingly rare. This is further complemented by approximately three-metre-high ceilings, which enhance the sense of space, light and refinement throughout the property.

The layout has been carefully designed to offer a perfect balance of functionality, privacy and comfort. The night area features three en-suite bedrooms, each with its own private bathroom, ensuring independence and convenience for both family living and guests. In addition, the apartment includes a guest bathroom, ideally positioned for the social areas, as well as a separate laundry room, discreetly integrated to support everyday living.

The renovation project focuses on creating generous, elegant and well-connected spaces, with a clear distinction between the living areas and the private quarters, while maximising natural light and the relationship with the exterior. The result is a home that blends contemporary comfort with the timeless character that defines this prime location.

Recoletos is synonymous with prestige, quality of life and timeless elegance. Its wide avenues, refined architecture, proximity to green spaces, and outstanding gastronomic, cultural and retail offerings make it one of Madrid’s most sought-after neighbourhoods. Excellent transport links and services further enhance its appeal, making this property an ideal choice both as a primary residence and as a long-term investment.

At Terra Homes, we carefully curate every property within our portfolio. We also have access to additional exclusive homes which, at the owners’ request, are not publicly listed, and which we would be delighted to present on a personalised basis.

In accordance with current regulations, the buyer is informed that they must bear the costs associated with the purchase, which include, for indicative purposes, the Property Transfer Tax (I.T.P.), currently set at 6% of the final transaction value. In addition, the buyer shall be responsible for notary and land registry fees, the final amount of which will depend on the notary chosen and the specific characteristics of the deed. The payment of the Property Tax (I.B.I.) shall be made in accordance with the agreement expressly reached between the seller and the buyer at the time of completion.