Penélope Cruz is one of the leading figures in Spanish cinema and a firmly established name in the international film industry. Over the course of her career, she has received numerous awards and secured a place among the most influential actresses of her generation. Despite her strong commitment to privacy, any major decision she makes inevitably attracts public attention.
Her latest property move has once again put her in the spotlight: the purchase of a new home in a prime location in the heart of Madrid. Here is a look at where Penélope Cruz lives and the properties she currently owns.
Penelope Cruz's new house in the centre of Madrid
Penélope Cruz and Javier Bardem have recently added to their already impressive property portfolio with the purchase of a penthouse in Chamberí, one of Madrid’s most exclusive and traditional central districts. The home enjoys a prime location within a stately early 20th-century building.
The residence offers 173 square metres of living space, along with a terrace of around 15 square metres. The interior has been fully renovated using high-end materials, featuring natural oak flooring, large windows and an open-plan design that seamlessly connects the kitchen, living area and dining space.
The property is equipped with an advanced home automation system, enabling lighting, climate control and security to be managed remotely via a mobile phone. The building also provides luxury communal facilities, including a gym, solarium, gourmet food hall and a rooftop swimming pool.
Chamberí neighbourhood
Chamberí is one of the most cherished neighbourhoods in the heart of Madrid. It is defined by its historic streets, elegant modernist buildings and lively cultural scene, offering a glimpse of the city at its most authentic, where traditional shops sit alongside contemporary dining options.
Its calm, refined atmosphere has made the district a favourite with residents, but its appeal goes beyond aesthetics. Chamberí stands out for its high quality of life, excellent transport connections, generous pedestrian areas and a strong sense of community.
Property prices reflect its status as one of the capital’s most exclusive and sought-after areas. As of December 2025, the average purchase price stands at €8,791 per square metre, while rental prices average €26.50 per square metre.
Where does Penelope Cruz currently live?
Although her recent purchase in Madrid has attracted considerable attention, Penélope Cruz and her family divide their time between several properties acquired over the years. Below is an overview of her real estate portfolio.
Her home in Valdelagua
The couple’s main residence is in Valdelagua, a private residential development surrounded by nature and renowned for its security and peaceful setting. Located just a few kilometres from Madrid, the area is popular with film and music professionals and other public figures seeking privacy.
The house is a contemporary property designed by a prestigious Spanish architectural firm, characterised by clean geometric lines, large windows and a seamless integration with the surrounding landscape. It also features a swimming pool, gym, generous leisure spaces and landscaped gardens.
The Bahamas mansion
One of the couple’s most distinctive properties is their home on Great Exuma Island, one of the most exclusive and tranquil areas of the Bahamas. Set amid lush tropical vegetation, the property – known as Bougainvilla House – is located in an enclave famed for its white-sand beaches and turquoise waters. It was here that Cruz and Bardem married in an intimate ceremony in 2010.
The Los Angeles farm
Another iconic property owned by the couple is their house in Los Angeles, the city where both established their international careers. Set in a quiet residential neighbourhood, it served as their home for several years while they were working regularly in the American film industry.
The single-storey, mid-20th-century house reflects the functional design typical of Californian homes of the period. It features several bedrooms, generous outdoor spaces and even two swimming pools, all surrounded by lush vegetation.
The careers of Penélope Cruz and Javier Bardem
From her early days in Spanish cinema in the 1990s, Penélope Cruz quickly went on to work with acclaimed directors such as Pedro Almodóvar, with whom she has maintained a pivotal artistic collaboration. Her international breakthrough came through American and European productions, culminating in her becoming the first Spanish actress to win an Oscar.
Her relationship with Javier Bardem developed years after their initial professional collaboration. Although they appeared on screen together early in their careers, it was not until filming an international production in the late 2000s that a romantic bond emerged, turning them into one of cinema’s most admired couples.
