<Tr> <Th> Designated </Th> <Td> 1931 </Td> </Tr> <Tr> <Th> Reference no . </Th> <Td> RI - 51 - 0001061 </Td> </Tr> <P> The Royal Palace of Madrid (Spanish: Palacio Real de Madrid) is the official residence of the Spanish Royal Family at the city of Madrid, but it is only used for state ceremonies . King Felipe VI and the Royal Family do not reside in the palace, choosing instead the more modest Palace of Zarzuela on the outskirts of Madrid . </P> <P> The palace is owned by the Spanish State and administered by the Patrimonio Nacional, a public agency of the Ministry of the Presidency . The palace is located on Calle de Bailén ("Bailén Street") in the western part of downtown Madrid, east of the Manzanares River, and is accessible from the Ópera metro station . Several rooms in the palace are regularly open to the public except during state functions . An admission fee of € 11 is required . Some days it is free . </P>

Where do king and queen of spain live