Elegant Palacio Apartment with Timeless Charm and Modern Potential in Prime Recoletos, Featuring Expansive Balconies

Characteristics

Description of the property

BARNES presents an exquisite 179 m² apartment for sale within a beautifully restored Casa Palacio on Salustiano Olózaga street, an epitome of historical elegance. The building, sporting an early 20th-century classical façade, underwent meticulous rehabilitation in 1988 and is nestled next to another heritage-protected palace, enhancing the allure of this prime location.

The apartment boasts an impressive frontage with over 20 meters of linear space, highlighted by three continuous street-facing balconies and two enclosed bay windows that flood the interior with natural light. Situated on an exceptionally high first floor, this residence benefits from enhanced privacy, abundant natural light, and a prestigious view towards the French Embassy, which also contributes to heightened security.

Constructed with the finest materials, the apartment showcases opulent marble finishes that exude elegance and sophistication. Currently designed as a luxurious one-bedroom suite, it features a bathroom and walk-in closet, plus a separate guest powder room. However, it retains the potential to revert to its original three-bedroom layout or be reimagined as a two-bedroom apartment, each with en suite bathrooms, alongside an additional guest powder room.

Decorated by the acclaimed Pascua Ortega, the space is ripe for a personal touch to update its layout and decor. This could be achieved economically, maintaining the apartment's timeless luxury while tailoring it to contemporary needs.

Located just steps from Plaza de Independencia, Jorge Juan, Retiro Park, and the vibrant Justicia neighborhood, this property represents a rare chance to own a piece of history in one of the most prestigious streets of Recoletos, within the upscale Salamanca district of Madrid.

Amenities