In the heart of Barrio Salamanca, Recoletos 1 is breathing new life into one of Madrid’s historic buildings. The boutique development comprises 19 contemporary lateral apartments spread across floors one to seven, complemented by 2,130 square meters of private amenity space, from a spa and swimming pool to a rooftop pool overlooking the city. This building further boasts an exceptional split-level penthouse with private terrace and rooftop swimming pool. Prices start at €3,350,000.
Sales are being handled by Savills Global Residential, a real estate consultancy with a network of over 700 offices and associates in 70 countries, offering clients an end-to-end service.
Inside Recoletos 1: A Landmark Regeneration in Central Madrid
Combining heritage architecture with contemporary design and extensive residents’ amenities, Recoletos 1 sets a new benchmark for boutique luxury living in the Spanish capital.
Contemporary Lateral Apartments Within a Historic Building
Representing a landmark regeneration scheme, Recoletos 1 is brought to the market by Terralpa, a developer with 25 years of experience delivering some of Madrid’s most notable super-prime residential projects. The firm focuses particularly on the restoration of historic buildings, preserving architectural character while adapting interiors to modern living.
Each residence is a lateral apartment, with living spaces arranged on a single level for ease of flow and generous proportions. Interiors are by Agnès Blanch, whose palettes feature soft coloring, natural materials, and curved forms. The apartments benefit from high-quality parquet throughout and exquisite marble finishes to architraves, bathrooms and kitchen.
This second floor 306-square-meter residence offers three bedrooms and three bathrooms, reflecting the scale and refinement found across the development. Its layout showcases Agnès Blanch’s signature, with natural materials, gentle curves and marble finishes creating a calm, cohesive environment.
Club-Style Amenities and a Rooftop Retreat
Recoletos 1 dedicates 2,130 square meters to an exceptional suite of residents’ amenities, located across the ground, lower ground, and first floors. On the ground and lower ground floors, residents have access to a cigar room, wine atelier and tasting rooms, alongside club and informal meeting spaces and a private screening room that also doubles as a golf simulator.
Wellness is equally well served on the first floor of the building, with a swimming pool and spa, a gym and treatment rooms, while a games room adds a further option for leisure. Outdoors, landscaped communal courtyard gardens provide a quiet retreat from the city and a spectacular rooftop pool and dining area offers views across Madrid.
Barrio Salamanca: Madrid’s Most Prestigious Address
Recoletos 1 occupies a prime position in Barrio Salamanca, a neighborhood that combines elegant 19th-century streetscapes with the city’s leading cultural and retail destinations.
Culture, Retail, and Global Connectivity
The development sits a short distance from some of Madrid’s most celebrated attractions, including Retiro Park and the Prado Museum, while the high-end boutiques of Calle Serrano are a five-minute walk away. Madrid’s superb cultural offering, lifestyle, and history have helped cement its reputation as a global city.
The capital is also well connected for international buyers. New York is an 8.5-hour flight away, Miami 9.5 hours, and Mexico City 11 hours, while Dubai and Hong Kong are reachable in seven and 12.5 hours, respectively.
Salamanca’s Prime Residential Market
Salamanca remains the benchmark for Madrid’s prime residential market, combining strong international demand with a highly constrained supply of exceptional homes. According to Savills’ latest Residential Prime Madrid Report 2026, the district continues to lead Madrid’s prime market, with Salamanca, Chamberí, and Chamartín accounting for around 75% of prime transactions over the past five years.
Values continue to rise. Savills places prime residential values in Madrid at around €16,000–€17,000 per square meter, with the most exceptional properties reaching €25,000–€30,000 per square meter.
The market is also becoming increasingly international, with international buyers accounting for 25%–30% of transactions in Madrid’s prime areas. Against a backdrop of limited supply and growing demand for distinctive residences, Salamanca continues to offer one of the city’s most established and resilient residential propositions.
A Rare Address in the Heart of Madrid
Recoletos 1 offers a rare opportunity to own a contemporary residence within a restored historic building in Barrio Salamanca. With interiors by Agnès Blanch, 2,130 square meters of private amenities, and a location close to Retiro Park, the Prado Museum, and Calle Serrano, the development combines heritage, design and long-term value in Madrid’s most established prime market.
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