Five-Bedroom Penthouse with Terrace in El Encinar de los Reyes
€1,680,000€10,000/m²
El Encinar de los Reyes, Madrid, Spain
5
bedrooms
5
bathrooms
168 m²
interior
Apartment
property type
19 May 2026
listed
The Habio take
AI summaryThis magnificent penthouse offers five bedrooms and five bathrooms, complemented by a large terrace with stunning views. Situated in the prestigious El Encinar de los Reyes, Madrid, it boasts excellent amenities including a gym and security features.
- luxury
- family
- city
- garden
Highlights
- Large terrace with views
- Five spacious bedrooms
- Five modern bathrooms
- Access to gym and paddle tennis court
- Three dedicated parking spaces
Worth knowing
- High price point for the area
- Potential for high management fees
- May require updated interior design
Good fit for: Ideal for families seeking luxury living in a secure environment.
Lifestyle scores
- Beach
- 0
- Walkable
- 60
- Remote work
- 75
- Family
- 90
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 65
About this place
Magnificent penthouse in excellent condition with a large terrace and views in a development with security, gym, paddle tennis court and three parking spaces for sale in El Encinar de los Reyes.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
