Exceptional 4-Bed Apartment for Renovation in Recoletos
€4,900,000
€14,000/m²
- 4
- Bedrooms
- 5
- Bathrooms
- 350 m²
- Interior
- Apartment
- Type
- 7 Aug 2026
- Listed
The Habio take
This spacious 4-bedroom apartment features 350 m² of living space in a prime corner location on Calle Goya, Madrid. Nestled in the prestigious Recoletos district, it boasts abundant natural light and proximity to luxury shops and the serene Parque del Retiro.
- city
- historic
- investment
- renovation
Highlights
- 350 m² of living space
- Eight corner balconies with natural light
- Five bedrooms, four en-suite
- Prestigious Recoletos location
- Proximity to luxury shops and Parque del Retiro
- Opportunity for complete renovation
Worth knowing
- Property requires full renovation
- No garage included in sale price
Good fit for: Best suited for buyers looking for a substantial renovation project in a prestigious area.
Lifestyle scores
- Beach
- 0
- Walkable
- 90
- Remote work
- 70
- Family
- 75
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 65
About this place
Situated on Calle Goya, this exceptional fifth-floor corner apartment presents a remarkable opportunity to create a bespoke home in one of Madrid's most coveted neighbourhoods, Recoletos. Spanning 350 m², the apartment showcases eight corner balconies that flood the interiors with natural light, offering expansive views. The impressive ceiling height of 3.05 metres imbues the space with the grandeur characteristic of Madrid's classic buildings, dating back to 1900.
The layout comprises five bedrooms, four of which are en-suite, plus a service bedroom and a total of six bathrooms. The property is being sold as a complete renovation project, providing an excellent canvas to design a residence tailored to the highest standards of comfort and style.
Residents will enjoy close proximity to the historic Mercado de la Paz, as well as esteemed dining venues like El Paraguas and Quintín, all surrounded by boutiques and galleries that exemplify Madrid's Golden Mile. Notably, the green expanse of Parque del Retiro is just three streets away. The building includes a lift, concierge service, and accessible entrance. A parking space can be purchased separately in nearby buildings (priced between 60,000–100,000 €, not included). With its secure, established, and prestigious environment, along with limited supply and sustained demand, this residence represents a strategic long-term investment in Madrid's real estate market.
What this place offers
- lift
- concierge
- parking
Getting around
Adolfo Suárez Madrid–Barajas (MAD)
~14 min drive · 13 km
Approximate, measured from the property's area rather than its exact address. Drive times © OpenStreetMap contributors (OSRM); airports: OurAirports.
Where you’ll be
Madrid, Madrid, Spain
- Nearest airport
- Madrid (MAD)
- 12 km
- Also close
- Salamanca (SLM)
- 164 km
- Nearest city
- Valladolid
- 163 km
Marker is the location supplied by the agency — approximate, and often deliberately so. The exact address is confirmed on enquiry. Distances are straight-line.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
