Apartment for sale in Ibiza, Madrid city, Madrid

Within a five-minute walk of Retiro Park, there are homes chosen for their location and others chosen for the quality of their design and construction. This 106 m² apartment falls into the latter category. Located on the fourth floor (with elevator) of a 1940s building in the Ibiza neighborhood—at the intersection of Alcalde Sáinz de Baranda and Narváez—it features a comprehensive renovation by the Arctempus studio. It is delivered fully furnished and move-in ready, requiring no further work or investment. It is equally suitable as a new home in the neighborhood or as a finished asset to add to an investment portfolio in one of Madrid’s most sought-after areas.

The apartment faces a spacious interior courtyard, providing a rare sense of tranquility just steps away from Retiro Park. The living area combines a lounge, dining room, and a fully equipped open-plan kitchen featuring sand-toned cabinetry, a porcelain backsplash with marble veining, and gold-finish fixtures. The master bedroom includes an en-suite bathroom with a walk-in shower. Two additional bedrooms—both with closets—offer flexibility for use as children's rooms, guest rooms, or a home office. A second full bathroom serves the common areas, while a terrace offers outdoor space to enjoy.

Each room has its own distinct character, featuring designer wallpapers, classic moldings, ceilings with indirect lighting, backlit mirrors, and bathrooms clad in marble-effect porcelain. The home is equipped with ducted air conditioning and central heating.

The Area. The Ibiza neighborhood blends residential tranquility with one of Madrid’s most vibrant culinary scenes, featuring signature cuisine restaurants, cafés, and local shops that give the area its unique character. Retiro Park and Gregorio Marañón Hospital are just five minutes away, and the Niño Jesús Children's Hospital is also nearby. The Puerta de Alcalá is 10 minutes away, and the Prado Museum is 15 minutes away. The Ibiza and Sainz de Baranda metro stations (Lines 6 and 9) are just a short walk away, while the Santiago Bernabéu stadium and the airport are about a 20-minute drive. This proximity to major hospitals, El Retiro Park, and the city center ensures constant demand from both families looking for a home and professionals seeking rental properties.

Practical details: community fees are €130/month, and the annual property tax (IBI) is €597.

Can you picture yourself living here?