3 bedroom house for sale
Portugal - Funchal, Madeira
like this property?Call: 03339 396426
- Quiet family villa with private garden in Village Condominium
- High-quality construction to northern European standards
- Wonderful views over Funchal Bay and ocean
- Village owners have privileged discounts on Estate facilities
- Generous external terraces make most of wonderful climate
- Underfloor heating throughout, pre-installation for A/C
- On-site property management and rental service
- Private carport for 2 cars
- Vaulted ceilings with featured uplighting
This three bedroom type 2 villa has an impressive double flight of stairs, clad in natural stone, leading up to the entrance porch. A spacious entrance hall gives access via glazed sliding double doors to the L-shaped living area complete with fireplace, with its own external patio and garden offering city and ocean views. On the opposite side of the hall, similar sliding double doors give access to the open-plan kitchen/dining area with a covered and an uncovered terrace beyond.
An equipped laundry room and a guest wc complete the accomodation on this floor.
The upper floor features a luxuriously appointed guest bathroom with a sea view from the bath, and two spacious guest bedrooms both with fitted wardrobes and vaulted ceilings with coved uplighting. The master suite offers the last word in luxury with a vaulted ceiling over the bedroom area, extensive dressing area plus large bathroom with shower and bath.
The villa is not furnished, but has the kitchen and laundry are fully equipped.
The construction area is 210m2 plus a private garden area which can be landscaped, and also includes a southwest-facing terrace. Villa 50 has an open car-port for 2 cars.
Ownerhsip of the villa confers privileged access to the facilities of the Palheiro Estate including the Village Forum heated outdoor pool; 18-hole Palheiro Golf course and Palheiro Spa.
Careful attention to detail and high construction standards are maintained throughout Palheiro Village. The specification of the villas includes stone floor and wall tiles to bathrooms, under-floor heating throughout, pre-installation for air-conditioning, fully fitted and equipped kitchen with granite worktops, fitted wardrobes, open fireplace, security system and cable TV.
To ensure their homes are properly looked after, Owners in Palheiro Village can take advantage of the services offered by Palheiro Property Management. Properties are regularly inspected, cleaned and maintained to a high standard. For those interested in the investment potential of their property, a rental service is available under the regim eof "Local Lodging" or Alojamento Local.
Palheiro Village, a private condominium designed by Michael Brown Associates, is built in a traditional external style and lies 10 minutes from the centre of Funchal & 15 minutes from the international airport. It offers a civilized, secure and restful environment to enjoy your holiday home or permanent residence.
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
- Funchal (INTERNATIONAL), 8.5 miles
*Distances are straight line measurements. This feature is currently in beta.