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Description
Luxury waterfront apartments with private access to the sea
Located in the prestigious promenade area of Estrada Monumental and with 6000m2 of gardens and green areas is this magnificent frontline residence with direct access to the beach
The building was designed in a Y shape, and overlooks the Praia Formosa Beach, allowing most of the apartments to benefit from a panoramic 180º sea view facing the ocean and Cabo Girão.
The garden and lawn areas on both sides are fully protected by the Y-shaped building. A huge infinity pool on the edge of the cliff.
This development has three blocks with of one, two, three and four bedrooms.
Each apartment has at least one private parking space, with the larger apartments having up to three parking spaces. All apartments have a private storage room outside the apartments.
Private pools have been added in the units with larger terraces.
There are aproximately 25 pools between different blocks and floors.
Completion Date End of 2023
We have a selection of different properties available to fit all your requirements so call us to enquire further and obtain more information.
BY APPOINTMENT ONLY
For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages that Madeira Island has to offer:
Security. Madeira is virtually crime free and one of the safest holiday destinations in the world!
Sub-tropical climate - warm & pleasant year round.
Natural beauty - lush & colourful, known as the ""Garden or Pearl of the Atlantic"".
Ease of access - within 3 hours flight time from most European cities, direct flights from over 40 destinations in Europe, daily flights to London and Lisbon.
Protected environment - 70% of the island is protected parkland & forest.
Activities/Amenities - wide range of sports & leisure activities; two Golf courses near to Funchal
Tourist infrastructure - long known as a quality tourist destination, with lots to see & do
Quality of life - a friendly, safe & clean place to visit and to live in.
Legal and fiscal situation
Property transfer taxes - IMT tax, Stamp duty, registration and notary fees - max. 7%
Inheritance tax - Effective 1st January 2004, inheritance tax abolished in Portugal. There is still a 10% stamp duty charge though on transfer of assets. Gifts/donations to a spouse (husband or wife), children, parents or grandparents are exempt.
Capital gains tax - Flat 25% tax levy on all capital gains affected by non-residents.
Portuguese (EU) Residence Permit - Since July 2012, the NON-EU PURCHASER has a right to apply for a Portuguese residence permit (with subsequent freedom of movement in Schengen countries) following purchase of real estate in Portugal with A MINIMUM INVESTMENT OF 500.000
Non-Habitual Residents Regime - offering fiscal advantages particularly to non-Portuguese retirees taking up residence in Portugal
ABOUT PRIME PROPERTIES MADEIRA REAL ESTATE
Discover the perfect home for you in Madeira, Portugal today!
Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency.
We provide excellent after sales service.
Our services at Prime Properties Madeira are free of charge to you and do not incur any mark-ups on the property price or agent commission.
Located in the prestigious promenade area of Estrada Monumental and with 6000m2 of gardens and green areas is this magnificent frontline residence with direct access to the beach
The building was designed in a Y shape, and overlooks the Praia Formosa Beach, allowing most of the apartments to benefit from a panoramic 180º sea view facing the ocean and Cabo Girão.
The garden and lawn areas on both sides are fully protected by the Y-shaped building. A huge infinity pool on the edge of the cliff.
This development has three blocks with of one, two, three and four bedrooms.
Each apartment has at least one private parking space, with the larger apartments having up to three parking spaces. All apartments have a private storage room outside the apartments.
Private pools have been added in the units with larger terraces.
There are aproximately 25 pools between different blocks and floors.
Completion Date End of 2023
We have a selection of different properties available to fit all your requirements so call us to enquire further and obtain more information.
BY APPOINTMENT ONLY
For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages that Madeira Island has to offer:
Security. Madeira is virtually crime free and one of the safest holiday destinations in the world!
Sub-tropical climate - warm & pleasant year round.
Natural beauty - lush & colourful, known as the ""Garden or Pearl of the Atlantic"".
Ease of access - within 3 hours flight time from most European cities, direct flights from over 40 destinations in Europe, daily flights to London and Lisbon.
Protected environment - 70% of the island is protected parkland & forest.
Activities/Amenities - wide range of sports & leisure activities; two Golf courses near to Funchal
Tourist infrastructure - long known as a quality tourist destination, with lots to see & do
Quality of life - a friendly, safe & clean place to visit and to live in.
Legal and fiscal situation
Property transfer taxes - IMT tax, Stamp duty, registration and notary fees - max. 7%
Inheritance tax - Effective 1st January 2004, inheritance tax abolished in Portugal. There is still a 10% stamp duty charge though on transfer of assets. Gifts/donations to a spouse (husband or wife), children, parents or grandparents are exempt.
Capital gains tax - Flat 25% tax levy on all capital gains affected by non-residents.
Portuguese (EU) Residence Permit - Since July 2012, the NON-EU PURCHASER has a right to apply for a Portuguese residence permit (with subsequent freedom of movement in Schengen countries) following purchase of real estate in Portugal with A MINIMUM INVESTMENT OF 500.000
Non-Habitual Residents Regime - offering fiscal advantages particularly to non-Portuguese retirees taking up residence in Portugal
ABOUT PRIME PROPERTIES MADEIRA REAL ESTATE
Discover the perfect home for you in Madeira, Portugal today!
Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency.
We provide excellent after sales service.
Our services at Prime Properties Madeira are free of charge to you and do not incur any mark-ups on the property price or agent commission.
Official Mortgage Partner
Portugal Mortgage Brokers
Portugal Mortgage Brokers, licensed by the Bank of Portugal, are a free independent service working with all Portuguese banks. We specialise in offering mortgage information to residents and non-residents purchasing a property in Portugal, whether it be for a main residence, secondary home, investment, construction loan or renovation loan. We act as mortgage brokers to find you the most suitable and competitive mortgage program in the market. A simulation showing all costs is provided and an affordability check is carried out before submitting, we can then reach an official approval with the bank within 2 weeks of receiving your documents.
Property Info
- Property Type Apartment
- Sale or Rent For Sale
- Price € 640,000
- Year Built -
- District Madeira
- Municipality Funchal
- Bedrooms 2
- Bathrooms 2
- Loft No
- Garage Yes
- Plot Area 124 m2
- Habitable Area 124 m2
- Energy Rating A
Amenities
- Pool
- Proximity: Airport
- Proximity: Beach
- Proximity: Golf course
- Garage
- Built year: 2023
- Dishwashing machine
- Proximity: Shopping
- Private condominium
- Drive way
- Fitted wardrobes
- Basement
- Views: Sea views
- Views: Mountain views
- Frontline property
- Video entry system
- Lift
- Double glazing
- Electric garage gate
- Electric entrance gate: Electric gates
- Games room
- Automatic irrigation
- Main drainage
- Walking distance to beach
- Equipped kitchen
- Quiet Location
- Gym
- Central music system
- Central location
- Proximity: Restaurants
- Proximity: City
- Irrigation System
- Sealed land area
- Wifi Network
- Security door
- Uninterrupted views
- Solar orientation: South
- Mains water
- Air conditioning pre installation
- Balcony
- Proximity: Hospital
- Proximity: Pharmacy
- Proximity: Public Transport
- Proximity: Schools
- Proximity: Public Swimming Pools
- Proximity: Playground
Points of Interest
This property has no Points of Interest defined.
Seller's Properties
For Sale
- -
- -
- -
- 1257 m2
- 1257 m2
- N/A
- No
- No
- 34
For Sale
- -
- 3
- 3
- 342 m2
- 153 m2
- B
- No
- No
- 136
For Sale
- -
- 3
- 3
- 188 m2
- 136 m2
- A
- No
- No
- 258
For Sale
- -
- 3
- 2
- 395 m2
- 395 m2
- A
- Yes
- No
- 20
For Sale
- -
- 3
- 2
- 266 m2
- -
- A
- Yes
- No
- 15
For Sale
- -
- 3
- -
- 500 m2
- 500 m2
- B
- Yes
- No
- 26
