Flat 91 м² in Madrid, Spain

1 275 104 $

14 012 $ /м²

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Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #1

Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #2

Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #3

Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #4

Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #5

Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #6

Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #7

Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #8

Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #9

Flat 91m² in Spain, Madrid. Priced at 1100000€ rent photo- #10

Area

91 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

This exceptional penthouse, located on Duke Sesto Street and a five-minute walk from Retiro Park, has undergone a comprehensive renovation, showcasing luxurious features throughout the property. Flooded with natural light, the residence offers a spacious living-dining area seamlessly integrated with a modern kitchen, as well as 2 bedrooms and 2 bathrooms, one of which is en-suite. The property also includes a convenient laundry area and storage room. Occupying 91 square meters of refined living space, the penthouse also boasts a 20-square-meter terrace, creating an inviting outdoor relaxation atmosphere. The property is well-equipped with amenities including a concierge, central heating, air conditioning, high-end built-in appliances, energy-efficient LED lighting, electric blinds, and custom-built closets with interior lighting and lacquered doors. Kitchen appliances. Air conditioning. Close to shops. Terrace. Restored. Renovated kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 275 104 $

FAQ

In Spain a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Madrid; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Spain finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Spain takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Madrid short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (1 275 104 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Madrid: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).