Ibiza

Ibiza neighborhood, in the Retiro district, is one of the most sought-after residential areas in eastern Madrid. Known for its thriving dining scene, leafy streets, and immediate proximity to El Retiro Park, Ibiza blends the charm of local neighborhood life with a sophisticated urban lifestyle. Its traditional boundaries run along Menéndez Pelayo (facing El Retiro), O’Donnell, Doctor Esquerdo, and Sainz de Baranda, offering a central, well-connected location that is highly convenient for everyday living.

Lifestyle in Ibiza

Living in Ibiza means enjoying a perfect balance between residential calm and urban energy. Calle de Ibiza and its surroundings are lined with signature restaurants, contemporary taverns, and coveted terraces, now a gastronomic reference in the capital. This is complemented by the Ibiza Municipal Market and local shops—bakeries, greengrocers, gourmet stores—enabling a practical, high-quality way of life.

Proximity to El Retiro sets the pace: morning runs, family strolls on weekends, or winding down at sunset. The area’s education and healthcare offering (prestigious schools and flagship hospitals along the O’Donnell–Doctor Esquerdo axis) adds comfort and peace of mind to daily life. Mobility is excellent, with the metro (Ibiza, Sainz de Baranda, O’Donnell) and multiple bus lines connecting within minutes to Salamanca, Goya, Príncipe de Vergara, and the city center.

Real Estate in Ibiza

Ibiza’s housing stock is made up mainly of 20th-century classical and rationalist buildings, with well-kept façades, balconies and bay windows, and spacious, efficiently laid-out apartments. Refurbished homes with premium finishes—open kitchens, primary suites, ducted A/C—are plentiful, while preserving high ceilings and original features. There is also supply of penthouses with terraces and ground floors with patios, highly sought after by those who value outdoor space.

Demand remains strong among both families and professionals who prize the closeness to El Retiro and the district’s services. Market values reflect the area’s consolidated character and the scarcity of prime product, with growing interest in high-profile rental investments thanks to the location and quality of life the neighborhood provides.

Ambience & Atmosphere

Ibiza exudes understated elegance: grand entryways, wide sidewalks, and mature trees. By day, the vibe is calm and bright; come evening, terraces and tapas bars take center stage without losing the neighborhood feel. The closeness to El Retiro adds a green, healthy character, much valued by those who prioritize wellbeing and tranquility without leaving the center.

Points of Interest

• El Retiro Park: Madrid’s green lung just meters away—sport, culture, and nature.
• Calle de Ibiza dining strip: trend-setting restaurants, creative counters, and terraces.
• Ibiza Municipal Market: local fresh and gourmet produce.
• Connections: O’Donnell and Sainz de Baranda corridors, nearby metro stations linking the whole city.
• Culture & shopping: minutes from Goya–Serrano and the cultural venues along the Retiro–Prado axis.