

Luxury Apartment for renovation in Castellana | Salamanca | Madrid
€2,960,000- 3Beds
- 4Baths
- 241 m²Total
Exclusive luxury apartment for renovation*, located on the third floor in the prestigious Castellana neighborhood, between the iconic streets of Serrano and Hermanos Bécquer—one of the most sought-after areas in the prime real estate market.
Set within an elegant classical building, the property offers 241 sqm of built area and stands out for its exterior orientation, desirable south-facing exposure, and impressive 3-meter-high ceilings, enhancing the sense of space, light, and architectural grandeur throughout. The abundance of windows and the absence of load-bearing walls provide complete flexibility to tailor the layout to individual needs, making it an ideal canvas for a bespoke residential project.
Currently in need of renovation, the property presents a unique opportunity to design a home to the highest standards of comfort and sophistication. In addition, several refurbishment proposals are already available, allowing for different layout options, including a configuration with four spacious en-suite bedrooms, a guest powder room, and an expansive open-plan living area designed to maximize natural light and spatial flow.
The building offers the amenities expected of a representative classical residence, including dual lifts, concierge service, central heating, a service staircase, and well-maintained interior patios.
A rare opportunity to create a fully customized luxury residence in one of Madrid’s most prestigious addresses, combining classical architecture, prime location, and outstanding potential for value appreciation.
*Images shown are architectural renderings based on available design projects and are provided for illustrative purposes only.
Related Properties


Elegant Luxury Home in Recoletos | Salamanca | Madrid
€5,450,000 Recoletos

Apartment for sale in Recoletos | Salamanca | Madrid
€4,960,000 Recoletos

Flat for sale in Castellana, Madrid - Salamanca
€4,900,000 Castellana

Apartment for sale in Recoletos, Salamanca, Madrid
€4,275,000 Recoletos

Latest news

Between boutiques and Michelin stars: the definitive map of everyday luxury in the Salamanca district
If there is one neighbourhood in Madrid that concentrates everything defining a high-end way of life within just a few blocks, it is the Salamanca district. International boutiques, Michelin-starred restaurants, grand architecture, and one of the most established property markets in the capital. A neighbourhood that needs no introduction, but deserves an explanation The Salamanca…

Luxury buyers are no longer buying square footage. They’re buying identity
There's a question that now surfaces earlier than any other in conversations with high-net-worth buyers: what does this home say about me? It's not vanity. It's a fundamental shift in how serious buyers make decisions — and the Global Luxury Perspectives 2026 report from Christie's International Real Estate documents it across markets worldwide. Square footage…

New ways of living: the value of lifestyle
A shift in how residential property is understood The high-end real estate market continues to evolve towards a landscape where lifestyle is becoming increasingly important. Beyond location or investment, today’s buyer prioritises environments that align with a specific way of living, where quality, privacy and wellbeing are key factors. Beyond location In this context, new…

2026 Global Luxury Perspectives: the role of auctions in an evolving market
The auction market continues to establish itself as a key component within the broader luxury ecosystem. In the 2026 Global Luxury Perspectives report, Julien Pradels, President of Christie’s Americas, highlights the renewed momentum of the sector, driven by active demand and a growing interest in unique pieces within the luxury market. Over the past year,…

2026 Global Luxury Perspectives: trends and key insights in the luxury real estate market
The luxury real estate market in 2026 is evolving towards a more balanced and selective landscape. According to the 2026 Global Luxury Perspectives report, developed through proprietary research and insights from Christie’s International Real Estate’s global network, the current context is defined by a more discerning buyer and a stronger focus on asset quality. Among…

Living in El Viso: the most exclusive neighbourhood in Chamartín, Madrid
El Viso, located in the Chamartín district, is one of the most exclusive residential neighbourhoods in Madrid. Its location, just a few minutes from Paseo de la Castellana, the Salamanca district and the AZCA financial centre, makes it highly attractive for those looking to live in the heart of Madrid while enjoying privacy and tranquillity.…