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Flat 102 м² in Funchal, Portugal

599 925 $

5 881 $ /м²

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Area

102 м2

Bedrooms

2

Bathrooms

2

Luxury one bedroom apartment - Estrada Monumental - Sea Front

One bedroom, two bedroom and four bedroom luxury apartments are located on the famous Estrada Monumental with sea views. This beautifully located in a tourist area the property has easy access to a host of amenities including shopping centers, schools, parks, beaches, promenades, bike paths, clinics, pharmacies, supermarkets, cinemas, private hospitals and gyms. In this beautiful area of Funchal, on Estrada Monumental, there is a luxury development. The elegant and spacious one, two, three and four bedroom apartments are filled with natural light and equipped with high quality materials that are thoughtfully designed for your comfort and enjoyment with your family and friends. Living in this area with excellent access to both the center of Funchal and the west, enjoying spectacular views and only 5 minutes from Formosa beach is possible. Communal areas with reception, lounge, gardens, 3 swimming pools, solarium, gym and games room. There is 24 hour private security for your safety. Prices: One bedroom from 480.000 euros Three-bedroom from 990.000 euros Four-bedroom from 1.100.000 euros. Possibility to buy for yourself or as an investment. Contact: Sonia Gonçalves 96 6275969 eXp UK

Additional details

Property type

Residential Properties

Object type

Flat

Price

599 925 $

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 (599 925 $) 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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