Spain. Province of Madrid. Madrid. The Palacio Real de Madrid (Royal Palace of Madrid), also called Palacio de Oriente (Palace of Orient) is the official residence of the King of Spain. It is still used for state occasions. The palace is owned by the Spanish state and administered by the Patrimonio Nacional agency. The palace is located on Bailén street, in the western part of downtown Madrid. The palace is the largest in Western Europe, occupying an area of 135,000 square meters. The... more »