Flat 379 м² in Madrid, Spain

5 795 931 $

15 292 $ /м²

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Flat 379m² in Spain, Madrid. Priced at 5000000€ rent photo- #1

Flat 379m² in Spain, Madrid. Priced at 5000000€ rent photo- #2

Flat 379m² in Spain, Madrid. Priced at 5000000€ rent photo- #3

Flat 379m² in Spain, Madrid. Priced at 5000000€ rent photo- #4

Flat 379m² in Spain, Madrid. Priced at 5000000€ rent photo- #5

Flat 379m² in Spain, Madrid. Priced at 5000000€ rent photo- #6

Area

379 м²

Bedrooms

Bathrooms

Apartment in Central and Northern Spain. City - Madrid

Housing with full renovation in a building that was previously a palace, located on Serrano Street. This recently renovated housing with an area of 332 sq.m. has an entrance hall with access to a spacious living room with a fireplace, divided into different areas with a separate dining room and four balconies with safety glass and soundproofing facing Serrano Street. The designer kitchen features a magnificent island in the middle, with a built-in table and high-quality appliances. There is also a library or multipurpose room and a guest toilet. The relaxation area consists of four bedrooms and four bathrooms. The main bedroom deserves a special mention, with an area of 34.30 sq.m., a fireplace, a wardrobe area of 17.44 sq.m., and a large bathroom of 10.11 sq.m., as well as a second bedroom with its own bathroom, spacious wardrobe, and bathroom. Built area of 379 sq.m. 4 bedrooms 4 bathrooms Finishings. Equipped kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

5 795 931 $

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 (5 795 931 $) 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).