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Flat 89.2 м² in Funchal, Portugal

562 305 $

6 303 $ /м²

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Flat 89.2m² in Portugal, Funchal. Priced at 416245£ rent photo-1 Flat 89.2m² in Portugal, Funchal. Priced at 416245£ rent photo-2 Flat 89.2m² in Portugal, Funchal. Priced at 416245£ rent photo-3 Flat 89.2m² in Portugal, Funchal. Priced at 416245£ rent photo-4 Flat 89.2m² in Portugal, Funchal. Priced at 416245£ rent photo-5 Flat 89.2m² in Portugal, Funchal. Priced at 416245£ rent photo-6

Area

89.2 м2

Bedrooms

2

Bathrooms

2

Luxury 2 Bedroom Apartment - Estrada Monumental - Sea View

Exclusive Apartments T2 - T3 - T4 luxury - Estrada Monumental - Front Sea. Elegant 2 bedroom premium apartments ideally located in a tourist area with easy access, close to Madeira Forum shopping center, stores, schools, parks, beaches, promenade, bike path, clinics, pharmacies, supermarkets, cinemas, private hospitals, fitness centers. The luxury accommodation is located in one of the best neighborhoods of Funchal - Estrada Monumental. Spacious and elegant 2, 3 and 4 bedroom apartments full of natural light, with high quality finishes thoughtfully designed for you, your family and friends. Living in an area with easy access to both the center of Funchal and the west side of the island, enjoying beautiful views, and being only 5 minutes from Formosa beach - it has become possible. Common areas with reception, lounge, gardens, 3 swimming pools, solarium, gym and games room. 24 hour private security. T2 from 480.000 € T3 from 990.000 € T4 from 1.100.000 € Possibility to buy or invest. Contact: Sonia Gonsalves 96 6275969 eXp United Kingdom

Additional details

Property type

Residential Properties

Object type

Flat

Price

562 305 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Funchal; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Funchal short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (562 305 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Funchal: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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