Palacio is Habsburg Madrid: the neighbourhood surrounding the Royal Palace (Western Europe's largest, with 3,418 rooms), the Almudena cathedral, the Teatro Real and Plaza de Oriente with its French-style gardens.
Its streets preserve the layout of the medieval and baroque town: Calle Mayor, Plaza de la Villa with the old city hall, San Nicolás and the royal convents. Living here means inhabiting the historic centre in its most monumental and serene version.
Rehabilitated palaces and 18th- and 19th-century buildings offer unique homes, with the Sabatini Gardens, Campo del Moro and Madrid Río as green spaces and the opera house as a next-door neighbour.