Splendid Apartment in Barrio Palacio

On one of Madrid’s most emblematic and historically rich streets, Toledo Street, stands this magnificent stately residence that combines spaciousness, natural light, and the architectural charm characteristic of classic Madrid. Located in the heart of the Palacio district, this exterior property with eleven balconies overlooking a vibrant and elegant street offers an exclusive residential experience in an environment where tradition and urban life coexist in perfect harmony.

The 326 m² (3,365 sq ft) home boasts a generous and balanced layout, offering spacious, refined rooms with enormous potential for personalization. From the moment you enter, you’re enveloped by the serenity of the bright foyer, complemented by the warmth of the herringbone wood floors and high ceilings, which enhance the feeling of spaciousness. The grand main living room is one of the home’s focal points: an impressive space bathed in natural light thanks to its large windows and balconies, with distinct areas for sitting and conversation, ideal for those who appreciate elegant and versatile spaces. Double doors lead to an equally spacious separate dining room, perfect for social gatherings and private celebrations, and which flows seamlessly into the rest of the home.

The property features six spacious rooms, each with its own distinct character and versatile uses, from bedrooms to offices or reading nooks. The master bedroom stands out for its elegance and brightness, complemented by a practical walk-in closet that provides ample storage space. The home boasts five full and functional bathrooms, as well as a large kitchen with the potential to be transformed into a contemporary gourmet area if desired.

The property retains original features that lend character and authenticity, such as classic moldings, cream-colored woodwork, built-in bookcases, and period wardrobes that enhance its personality. Despite its distinctly traditional style, the home is perfectly suited to be adapted to modern needs, offering an extraordinary opportunity for a high-end renovation should the buyer deem it appropriate.

Located in a stately building dating back to 1900, the entrance is a true statement of elegance: meticulous finishes, fine woods, and ornamental details that evoke the building’s history and distinction. The building features an elevator, concierge service, and two storage units attached to the apartment—a rare added value in properties of this type in the historic center.

The southeast orientation provides the home with abundant natural light for much of the day, creating a warm and comfortable atmosphere. Individual gas heating, along with active utility contracts and an advanced alarm system, ensures daily comfort and security.

Location

Living on Toledo Street and in the Palacio neighborhood means experiencing the most authentic side of Madrid. Just steps away is the majestic Collegiate Church of San Isidro, as well as some of the most emblematic landmarks of the old town, including the Plaza Mayor, the Mercado de la Cebada (Cebada Market), and the Puerta de Toledo (Toledo Gate). The surrounding streets retain the traditional charm that has characterized Madrid for centuries, with small shops, classic cafes, galleries, and corners steeped in history.

The area boasts excellent transport links to the rest of the city thanks to its proximity to the La Latina and Tirso de Molina metro stations, as well as numerous bus lines that run along the main streets of the city center. Essential services abound in the area: supermarkets, renowned restaurants, schools, cultural centers, and sports facilities such as the comprehensive La Latina Municipal Sports Center.

This property represents an extraordinary opportunity for those seeking an exclusive home with its own unique character and undeniable architectural value. Its spaciousness, abundant natural light, prime location, and historical significance make this apartment a one-of-a-kind property in the heart of Madrid, ideal for those who wish to live surrounded by beauty, comfort, and an unparalleled cultural heritage.

We invite you to discover in person this unique piece of historic Madrid, an unrepeatable home where elegance and excellence are felt in every room.