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3 bedroom house for sale

€1,950,000

Portugal - Funchal, Madeira

like this property?

Call: 03339 396426

Key features:

  • Stunning panoramic views over Funchal Bay and Ocean
  • Situated opposite Palheiro Golf Clubhouse
  • Perfect family or retirement villa, "As new!"
  • Privileged access to Estate facilities - Hotel, Restaurants, Golf & Spa
  • Landscaped terraced gardens below the house
  • Underfloor heating throughout
  • Fully fitted kitchen, laundry & pantry
  • Complete privacy, secure Estate
  • Excellent quality construction and finishings
  • Space for construction of pool to south-west of villa

Full description:

Rua do Balancal nº. 20 is an elegant and spacious 3-bedroom home set in its own mature and extensive grounds. With sweeping views over the Atlantic, the Bay of Funchal, and the mountains above Funchal, it is only a stone's throw from the Palheiro Golf Clubhouse.

It is possible to construct a swimming pool to the south - west of the house.

This is the perfect property from which to enjoy the lifestyle of the Palheiro Estate, and the natural beauty of Madeira.

Features

Gated access off estate road

Easy access to Funchal & airport

Special benefits available on the facilities of the Palheiro Estate - golf, spa, restaurants, hotel

Construction completed in 2005, villa "as new"

Elegant, traditional design with light and spacious interior

Extensive use of natural granite in exterior architecture

Separate double garage with large forecourt, prepared to house a "workshop" or other

Generous room sizes with coved up-lighting in living area and vaulted ceilings to bedrooms

Fitted kitchen and separate pantry and utility room with full range of equipment and silestone worktops

Formal living area with solid stone open fireplace

3 large bedrooms with en-suite bathrooms

Marble floor and wall tiling to bathrooms

Semi-manual terracotta floor tiling to living areas, and bedrooms

Full double-glazed windows in lacquered aluminium, with external shutters

Under-floor heating throughout

Volumetric security system

Cable TV connection

Motorised front gate with video entrance system

Irrigation water tank

Extensive open terraces with panoramic views over Funchal Bay

Space for construction of pool to south-west of villa

Fully landscaped tiered garden with planting of indigenous varieties and selection of fruit trees in lower garden

Automatic irrigation to garden áreas

Villa partially furnished with antique furniture (value €125.000) which can be fully/partially sold on request

DESTINATION MADEIRA

For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages of Madeira Island :

• Sub-tropical climate - warm & pleasant year round
• Natural beauty - dramatic scenery, lush & colourful, known as the "Garden 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 (Note: one of the lowest incidences of crime in Europe)

Legal and fiscal situation
• Property transfer taxes - IMT tax, Stamp duty, reigistration 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 effected 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 Resident's Regime - offering fiscal advantages particularly to non-Portuguese retirees taking up residence in Portugal

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Funchal (International), 13.7 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
ImoPalheiro Lda, Palheiro Estate, Madeira

Rua do Balancal nº. 29 São Gonçalo 9060-414 Funchal Madeira
03339 396426  Local call rate
About ImoPalheiro Lda, Palheiro Estate, Madeira

The Palheiro Estate

Located on a prime hilltop site overlooking the sophisticated capital of Funchal, the 130 hectare Palheiro Estate, has grown from an early 19th century hunting lodge and summer retreat for nobility into a sophisticated, low density resort destination.

Palheiro benefits from an unrivalled location, on the one hand its elevated position gives stunning views over the city and harbour, yet it is only ten minutes by car to the city centre, with its elegant mix of historic buildings and modern shopping. On the other hand, it is only fifteen minutes to the international airport, with direct flights to over 40 European destinations.

Madeira

Madeira is a small island (50 km long) located 900 km. south-west of Portugal and 600 km. off the North African coast.

For over 200 years, Europe's elite have been drawn to the archipelago of Madeira, enjoying the reliable, year-round fine weather and dramatically beautiful landscapes. The waters surrounding the island are warm and the winding coastline provides many opportunities to enjoy them. Savvy second home purchasers are aware that Madeira, which can be easily reached in around three hours via direct flights from the UK, Ireland and mainland Europe, is an ideal alternative to long haul destinations for sun seekers, offering year round rental opportunity as well as a superb second home location.


Disclaimer

This is a property advertisement provided and maintained by ImoPalheiro Lda, Palheiro Estate, Madeira (reference Ruadobalancal20) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

ImoPalheiro Lda, Palheiro Estate, Madeira

Rua do Balancal nº. 29 São Gonçalo 9060-414 Funchal Madeira
or call 03339 396426
Calling from outside the UK? 00351291794015

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