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Elegance and History on Andrássy Avenue — Luxury Apartment for Sale in Avenue Gardens!

- The pinnacle of architectural and design quality -

Spacious balcony overlooking the inner garden, open-plan living room with American kitchen + dining area + 1 bedroom.

Continuous value growth, outstanding return on investment!

An exceptional opportunity in one of Budapest’s most sought-after locations. Situated on the UNESCO World Heritage-listed Andrássy Avenue, the Avenue Gardens residential complex offers a blend of refined historic style and modern luxury, featuring classic renovations alongside contemporary residences, with multiple apartments available. Located at Andrássy út 68, the former neo-Renaissance palace, once a school, has been fully restored to its original grandeur.

The Building’s History and Architecture

Originally built in 1878 based on designs by János Bobula, this private palace has been reborn as a luxury residential building thanks to the work of the Schön Architectural Office. The U-shaped main building, protected as a historic monument, radiates unmatched elegance: the interior space, including the grand staircase and entrance hall, has been meticulously restored to its historical beauty. In contrast, the new courtyard wings feature a modern, minimalist design, creating a perfect harmony between old and new. This unique blend fosters a grand, bourgeois atmosphere. From an interior design and professional photography perspective, the visual harmony of the spaces is truly impressive. Thanks to Avenue Gardens’ prime location, all cultural, business, and culinary hubs of Budapest are easily accessible.

Apartment and Complex Features

The apartment is located on the 4th floor of the Debussy staircase, which has 8 residential levels. According to the title deed, it has 2 rooms and covers 57 sqm. Thanks to the large glass terrace door, the interior feels much more spacious than its actual size, and the outdoor environment almost becomes part of the living space. The open and generous rooms, combined with abundant light, make this property a perfect home. The kitchen is equipped with top-of-the-line Miele appliances. Alongside optimal space planning and design, the apartment’s functionality smartly serves the future owner.

Utility Information:

The common costs for the apartments are calculated per square meter, amounting to 776 HUF/sqm/month per apartment. The common cost fees for underground garages and storage units are fixed per unit: garages cost 8,500 HUF/month, and storage units 3,650 HUF/month. The average electricity consumption for the apartment is around 3,000 HUF/month.

Every detail in this luxury condominium represents the highest quality:

• All apartments come with premium equipment, making them ideal both as homes or investment properties.
• Impressive ceiling heights allow for exclusive interior design solutions.
• Enclosed, private corridors replace traditional open-air walkways, ensuring peace and quiet.
• A CCTV surveillance system, constant security service, and a modern access control system guarantee an exclusive and undisturbed living environment.
• Hotel-level comfort is available to residents, including optional laundry and cleaning services.
• Between the building blocks, a quiet inner Japanese garden provides a peaceful retreat away from the city’s hustle and bustle.
• The underground garage spans 3 levels, featuring storage units and parking spaces that offer convenient and secure parking. The apartment includes a private garage available for sale at 20 million HUF and a storage unit priced at 7 million HUF.
• Heating and hot water are supplied by a boiler scheduled for replacement this year.
• Cooling and heating operate via a fan coil system (cooling uses a heat pump solution). The switch between heating and cooling is weather-dependent, centrally controlled, and typically takes place at the end of April and in October.
• Utility consumption is paid monthly based on meter readings by owners, alongside the common costs, managed by a modern remote reading software.
• The complex consists of two independent condominiums: Avenue Gardens I. (Amadeus, Bartók, and Chopin staircases: 41 apartments, 20 storage units, 57 garages, 1 commercial unit, and 2 warehouses) and Avenue Gardens II. (Debussy and Erkel staircases: 36 apartments, 59 storage units, 60 garages, and 2 commercial units).

Legal and Ownership Details

• According to the Founding Document, balconies and terraces count as 50% toward the ownership share (not directly included in the apartment’s floor area). The net apartment size and balcony/terrace size are listed separately in the subunit documents.
• An important note for long-term residents and investors preferring traditional rentals: at the condominium owners’ meeting held on May 27, 2019, short-term rentals such as Airbnb were explicitly prohibited, ensuring maximum tranquility for residents.

This property is more than just a home — it’s a lifestyle. Listed in CapybaraHomes’ premium portfolio, this apartment is the perfect choice for those seeking the classic Budapest lifestyle combined with 21st-century modern comforts.

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In cooperation with our strategic banking partners, CapybaraHomes clients enjoy comprehensive loan administration services free of charge. We guarantee the most favorable terms and a fast, smooth process for a successful transaction.

Exclusive Legal Support

International purchase? We are committed to seamless handling! We provide discounted, comprehensive legal services tailored for you.

Our experts are ready for:

• Multilingual Contracts: A specialized service for foreign clients, ensuring precise documentation aligned with international legal standards.
• Interpretation: Upon request, we provide interpreters to eliminate language barriers, ensuring smooth transactions and legal clarity.

Choose CapybaraHomes’ professional partner network: we guarantee both financial and legal security! Don’t leave your questions unanswered!

Start selling or buying your property today! Contact us for details and request your free consultation.