Penthouse 255 м² in Madrid, Spain

3 628 945 $

14 231 $ /м²

4OWZ2

Penthouse 255m² in Spain, Madrid. Priced at 3100000€ rent photo- #1

Penthouse 255m² in Spain, Madrid. Priced at 3100000€ rent photo- #2

Penthouse 255m² in Spain, Madrid. Priced at 3100000€ rent photo- #3

Penthouse 255m² in Spain, Madrid. Priced at 3100000€ rent photo- #4

Penthouse 255m² in Spain, Madrid. Priced at 3100000€ rent photo- #5

Penthouse 255m² in Spain, Madrid. Priced at 3100000€ rent photo- #6

Area

255 м²

Bedrooms

Bathrooms

Luxury penthouse for sale in Madrid, Autonomous Region of Madrid

In one of the most exclusive areas of Madrid, in the prestigious Almagro neighborhood, in one of its most iconic streets such as Santa Engracia, known for its architectural charm and proximity to the best stores and restaurants of the area, aProperties offers for sale this magnificent penthouse with a beautiful terrace. The apartment is located on the seventh and top floor and is very bright throughout the day thanks to the different orientation and the large windows. The 255 m² area is distributed in the day area in a very spacious and bright living-dining room with separation of rooms and direct access to the 24 m² terrace, from which you can enjoy spectacular and endless views, highlighting the beautiful sunsets thanks to its western orientation. Adjoining the living room is the large and bright kitchen. The sleeping area consists of 4 bedrooms, one of which is external, and 3 bathrooms. The house is currently in good condition, although it can be modernized or reformed to redistribute the space according to the client's needs. We have an architectural and interior design project which includes a proposal for the house consisting of three spacious bedrooms each with en-suite bathroom, guest bathroom, laundry room, dressing room, large living room, lounge, dining room, large kitchen and a magnificent terrace. The estate in which the house is located is characterized by architectural elegance, spaciousness and a high level of comfort.

Additional details

Property type

Residential Properties

Object type

Penthouse

Price

3 628 945 $

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 (3 628 945 $) 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).