$2,991,262

Great potential for renovation in the heart of the Salamanca neighborhood Spain Sotheby's International Realty presents this magnificent property located on Calle Castelló, one of Madrid's most distinguished addresses. With 177 m² of usable space and 228 m² built, it occupies the fifth floor of a spectacular classic building, featuring concierge service and recently renovated common areas. Situated on a quiet and elegant street, surrounded by embassies and just steps away from Serrano and Velázquez streets, the property enjoys a privileged environment that combines discretion, exclusivity, and the stately character of the Salamanca neighborhood. Retiro Park, as well as a select range of shopping, dining, and educational options, are just minutes away. The residence requires a complete renovation, offering the possibility to design a fully personalized home, taking advantage of the spaciousness of its areas, its privileged outward orientation, and the appeal of an unmatched location. A property with character, exceptional dimensions, and extraordinary transformation potential, ideal for those looking to create a unique and custom home in one of the capital's most sought-after areas. An opportunity to reinterpret the classic elegance of Madrid and transform a prestigious address into a truly exceptional residence. *The first images show an illustrative representation of how the space could look after renovation.