In one of the most privileged locations in the Jerónimos district, opposite El Retiro Park and surrounded by prestigious institutional and residential buildings, lies this extraordinary duplex penthouse with terraces. Distributed across the sixth and seventh floors of a beautifully preserved classic building, it also offers the option to acquire up to three parking spaces within the same property. With a total built area of 342 m², this residence represents an exceptional opportunity thanks to its location, views, orientation and layout.
Currently in need of renovation, the property is arranged over two floors connected by an internal staircase. The lower floor features two of the main bedrooms, both with direct access to a private 16 m² south-facing terrace, ensuring outstanding natural light and unobstructed views over El Retiro. This floor also includes the third bedroom, with all three bedrooms benefiting from en-suite bathrooms, as well as a guest toilet. The layout allows for a clear separation between the sleeping quarters and the social areas, enhancing privacy and comfort.
The upper floor houses the impressive social area, comprising a spacious living and dining room with large windows opening onto a spectacular approximately 94 m² terrace, also south-facing, with open views across the park. This unusually large outdoor space for the area becomes the true heart of the project: ideal for enjoying Madrid’s climate, hosting outdoor gatherings or creating an urban garden with lounge areas, an outdoor dining space and even an al fresco kitchen.
The south-facing orientation of virtually all the rooms provides constant natural light throughout the day, reinforcing the feeling of spaciousness and well-being. The property is currently offered in its original condition, allowing the buyer to design a fully personalised renovation according to their needs and lifestyle. It therefore offers very solid potential for capital appreciation in one of the most sought-after and stable areas of Madrid’s prime property market.
The current price in its existing condition is €4,050,000, with an estimated value of €4,900,000 once renovated, further enhancing its appeal as a long-term investment. It is also worth highlighting the possibility of acquiring up to three parking spaces within the same building, an extremely rare feature for properties of this calibre and in this location.
A truly unique property in the Jerónimos district, bringing together every element that defines genuine luxury living in Madrid: location, light, views, terraces, parking and architectural potential.
