Property In A Classic Building With 3 Balconies In Palacio

Engel & Völkers presents this magnificent property featuring three balconies in the heart of Habsburg Madrid. Set in a beautifully preserved classic 1880 building in the stately Palacio neighborhood, the property offers a layout that will allow the future owner to tailor it to their own taste and needs.

Upon entering, the main living area is divided into two distinct spaces: the first, currently used as a dining room, seamlessly connects to a spacious living room. Here, two large, southeast-facing balconies flood the space with natural light and warmth. The sense of volume is further enhanced by soaring ceilings of over 3 meters.

The private quarters currently feature two bedrooms. The exterior bedroom, sharing the same orientation as the living room, includes an en-suite bathroom. The second bedroom, similar in size, is located in the quietest area of the home and is served by a second full bathroom. Adjacent to the dining room is the independent kitchen. The property retains unique original architectural feature, such as Melis pine flooring in select rooms, a beautiful fireplace in the living room, and decorative ceiling molding, complemented by split air conditioning and floor-to-ceiling built-in wardrobes in both bedrooms.

In short, this is a tremendously attractive property for both investors and end-users looking to live in Madrid’s historic center, just a short walk from the capital’s main attractions while remaining close to green, open spaces.

The property is located just a few meters from Plaza de la Villa, close to the Royal Palace and Almudena Cathedral, on one of the capital’s most historic streets. Surrounded by stately architecture, the area also features nearby green spaces and open views, enhancing the overall quality of life.

The neighborhood benefits from excellent transport links, with multiple bus routes and easily accessible taxi stands. It boasts a rich commercial fabric where traditional local shops preserving the authentic charm of old Madrid coexist with a wide range of hotels, from luxury boutique properties to more accessible options.

The culinary scene follows suit, blending classic taverns with international dining. A short stroll brings you to the city’s premier cultural landmarks, including the impressive Royal Collections Gallery and historic landmarks such as Plaza de Oriente, Plaza de Ramales, and Plaza de la Villa. In short, an unbeatable location from which to experience the best of historic Madrid.

Ducted air-conditioned