Luxury penthouses in central Madrid: exclusivity and unique views

The terrace penthouse is the most coveted typology in Madrid’s prime market. It combines privacy, light, and views in iconic locations (Recoletos, Castellana, Justicia), with a structural shortage of supply that underpins prices and short selling times. In 2024–2025, Madrid stood out among major capitals for the strong rise in prime prices, reflecting buyer pressure on unique product.

Limited supply, intense demand

Although the number of listings fluctuates, market filters show hundreds of penthouses for sale and a much smaller subset of luxury/new-build penthouses concentrated along prime axes. This supply/demand balance explains the price premium for penthouses with large terraces, private pools, or skyline views.

Why they command a premium

• Genuine exclusivity: a building typically offers only one or two penthouses.
• Outward exposure and natural light: large windows, orientation, and views enhance perceived value and well-being.
• Private outdoor space: landscaped terraces with seating areas and, at times, a pool or plunge pool.
• International demand: LATAM, EU, and US profiles prioritize characterful units, in line with the strength of Madrid’s prime market reported by international consultancies.

Market evidence

Business media rank Madrid among the cities with the strongest luxury housing growth in 2024, with increases near 9–10% and €/m² levels in special projects far exceeding the prime average. In parallel, the pipeline of high-end developments in the center — including projects with “residences”-style services — keeps upward pressure on standout penthouses.

How to choose a luxury penthouse (BARNES checklist)

• Location & views: prioritize quiet axes with south/east orientation, open outlooks, and visual privacy.
• Year-round usable terrace: consider depth, solar protection, awnings, and outdoor climate-control solutions.
• Structure & envelope: continuous roof insulation, watertightness, and slopes; crucial in refurbishments.
• Access & community: direct or semi-direct lift, concierge, security, and building condition (ITE, roofs).
• Systems & comfort: zoned HVAC, radiant heating/cooling, fresh-air renewal, and home automation.
• Technical documentation: terrace/pool permits, load calculations, maintenance, and warranties.

Our selection of the best penthouses for sale by BARNES Madrid

The Madrid luxury penthouse is an iconic asset: scarce, liquid, and with a clear premium for outdoor space. For both investors and end-users, selecting correctly (location, usable terrace, technical quality, and services) is decisive to ensure enjoyment and appreciation. At BARNES Madrid, we curate on- and off-market inventory to offer standout penthouses. Here is a list of our current favorites:

1. Sol, Centro — Exclusive penthouse

Exclusive penthouse in Sol (Centro) — 146 sqm within a historic building, redesigned by interior designer Tristan Domecq. Original high ceilings, natural materials, and timeless aesthetics. The terrace flows into the bright living–dining area; semi-open kitchen with state-of-the-art appliances. Two en-suite bedrooms with bespoke wardrobes and natural-stone bathrooms. Prime location next to the Four Seasons Hotel and Madrid’s most exclusive addresses.

2. Trafalgar, Chamberí — Design penthouse

Design penthouse in Trafalgar (Chamberí) — 142.8 sqm flooded with natural light, featuring floor-to-ceiling windows framing skyline views of Madrid. Serene aesthetic with a neutral palette, clean lines, and elegant Mediterranean-inspired furnishings. 21.80 sqm terrace offering privacy and calm. Two bedrooms and two bathrooms with underfloor heating. State-of-the-art kitchen with a premium stainless-steel gas range and bold design details. In exclusive Trafalgar, close to galleries and high-end shopping.

3. Almagro, Chamberí — Contemporary design penthouse

Contemporary-design penthouse in Almagro (Chamberí) — 164 sqm on a single level, exterior-facing, with two private terraces. Project by a renowned architecture studio, completed in 2025. Entry with cloak closet and indirect lighting. Day area with separate lounge with steam fireplace, glass dining room for six and reading nook, and designer kitchen with breakfast bar and high-end panel-ready appliances. Three double bedrooms with fitted wardrobes and three full bathrooms. Top floor of a representative building with 365-day concierge, three elevators, and refurbished common areas. Storage room included.

Our selection of the best penthouses for rent by BARNES Madrid

The luxury penthouse in Madrid is an iconic asset: scarce, liquid, and offering a clear premium for outdoor space and views. For residents, choosing well — location, habitable terrace, technical quality, and services — is key to ensuring enjoyment and long-term value.

At BARNES Madrid, we carefully curate on- and off-market properties to showcase the city’s most distinctive penthouses. Below is a selection of our current rental favorites.


1. Castellana, Salamanca — Refurbished penthouse

Exclusive penthouse in Castellana (Salamanca District) — 145 sqm interior + 25 sqm covered terrace with awning, west-facing for afternoon light and spectacular sunsets. Recently completed full renovation: truly move-in ready. Bright, light-toned scheme. Glazed kitchen—modern and functional—fully equipped with premium brands and a laundry area (washer & dryer). Primary suite with walk-in closet and ample wardrobes; second en-suite bedroom. Large living–dining room with direct terrace access for seamless indoor–outdoor living. Prime Golden Mile location surrounded by jewelers, fashion boutiques, and fine dining.

2. Serrano, Salamanca — Furnished penthouse with 136 sqm terrace

Furnished penthouse in Serrano (Barrio de Salamanca) — 132 sqm built | 106 sqm interior and a 136 sqm terrace with 360º views, opposite the IE gardens (Serrano x María de Molina). Fully refurbished and furnished: generous foyer leading to a window-wrapped living room with two sofas, smart TV, and fireplace. Dining for 8 and a separate kitchen fully fitted (premium brands & cookware). Two en-suite bedrooms: primary with walk-in closet; second with large built-ins. Finishes: parquet flooring, climalit glazing with blinds, central heating. The 136 sqm terrace offers a chill-out area, loungers, umbrellas, lawn-style turf, and a pergola with outdoor dining. Rent includes all utilities (electricity, water, gas, internet). Prestigious building with concierge, intercom, central heating, and two elevators.

3. Argüelles–Moncloa — Furnished penthouse

Furnished penthouse in Argüelles–Moncloa (Pintor Rosales) — 180 sqm on the 7th floor of a stately building with concierge, facing Parque del Oeste and steps from the Temple of Debod. Contemporary aesthetic with top-quality materials. Large, light-filled living–dining room with integrated kitchen, ideal for modern, social living. Three en-suite bedrooms ensure privacy and comfort, plus a guest WC. Spectacular terrace with fully open park views—the perfect spot to relax and enjoy Madrid’s sunsets.