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Flat 395 м² in Funchal, Portugal

1 159 067 $

2 934 $ /м²

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Area

395 м2

Bedrooms

3

Bathrooms

2

Apartment T3 Luxury - Estrada Monumental - Direct Sea and Private Pool.

2, 3, 4 bedroom luxury apartments on Monumental Street - by the sea. Luxury 3-room apartment with excellent location in a tourist area and easy access to everything: nearby is the Madeira shopping center, stores, schools, parks, beaches, promenade, bicycle path, clinics, pharmacies, supermarkets, cinemas, private hospitals, fitness rooms. Luxury residential complex is located in one of the best areas of Funchal - on Monumental Street. Spacious and sophisticated 2, 3 and 4 bedroom apartments, full of natural light, with excellent quality finishes, thoughtfully designed for you, your family and friends. Living in such a location with easy access to both the center of Funchal and the west of the city, enjoying beautiful views and being five minutes from Formosa beach, becomes possible. Communal areas with reception, lounge, gardens, 3 swimming pools, solarium, fitness center and games room. Private security 24 hours a day. Apartments: T2 from 480.000€, T3 from 990.000€, T4 from 1.100.000€. Opportunity to buy and invest. Contact: Sonia Gonsalves +351 96 6275969, eXp UK."

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 159 067 $

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 (1 159 067 $) 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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