Luxury penthouse for sale in Madrid, autonomous community of Madrid
Bassett offers for sale this impressive penthouse in the heart of the Justicia district with an area of 408 m2 and a terrace of 31 m2. ~~This property offers a versatile space to meet all the needs that make up a home. The social area is characterized by being completely open, with three distinct zones: dining area and two living rooms. The entire space receives plenty of natural light, and from here you can access the open terrace where you can enjoy Madrid's sky, sunsets, and nights. The kitchen, adjacent but independent, is fully equipped with Bosch appliances, custom-made cabinets, and has access to the terrace. ~~The private area is distributed among 4 bedrooms with double beds, 3 of which have en-suite bathrooms. The master bedroom features a large walk-in closet and spacious bathroom with a freestanding bathtub, shower, and double sink. ~~The house also includes an office with an en-suite bathroom, built into the room, and a guest toilet. Every corner of this residence has been designed with the highest standards of luxury and comfort in mind. Every detail, from the kitchen to the living spaces, has been carefully thought out.~~~The Justicia district, located in the heart of Madrid, is the perfect place for those who want to live in an atmosphere of luxury and sophistication. Its streets exude history and culture, with impressive architectural landmarks and buildings that hold great value for heritage.~~~Justicia is known for its cosmopolitan atmosphere, with a wide selection of restaurants, designer shops, and stores.
Characteristics
Property type
Residential Properties
Object type
Penthouse
Price
5 817 525 $
FAQ
How can I get a residence permit by buying property in Spain?
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.
Is a mortgage available for non-residents in Spain?
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.
What taxes and fees apply when buying in Spain?
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.
How is the title checked in Spain?
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.
Can I rent out property after purchase in Spain?
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.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (5 817 525 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Spain?
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).
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