4 bedroom villa for sale
Portugal - Madeira, Funchal
like this property?Call: 03339 396426
- Stunning contemporary architecture
- Set in elevated position, adjacent to Golf course
- Magnificent views over Funchal and Atlantic
- Privileged access to facilities of Palheiro Estate
- Golf membership available
- Heated infinity pool with extensive decking
- Full concelaed A/C system (Hot/cold)
- Solid wooden floors
- Extensive fitted wooden cupboards to all rooms
- Designer lighting - internal & external
Designed by Portuguese architects MSB, this spacious villa has a floor area over 400sq.m, plus extensive deck areas. The villa has a 10 m. infinity pool and
landscaped gardens. Construction was completed in 2008. The land plot lies within the Palheiro Estate, forming part of the Palheiro Golf plot sub-division.
Plot area: 2.710 sq. m.
Gross floor area (see note 1): 458 sq. m. + extensive deck areas
Easy drive to the centre of Funchal (10 mins.) and the International Airport (15 mins.)
Located a few minutes walk from the Palheiro Golf Clubhouse
Privileged access to facilities within the Palheiro Estate, including Palheiro Golf, Palheiro Spa, Hotel Casa Velha do Palheiro and the Palheiro Gardens
Set in an elevated position with distant outlook over sea and mountains
Vehicle entry point with remote controlled opening to the property from access road above, pedestrian access also from below
Upper level - entrance hall and corridor, master bedroom with en-suite bathroom
Middle level - Circular staircase gives access to middle level; visitors toilet, kitchen, dining area, semi-circular living room. Extensive garage, laundry room with storage cupboards, and external pool shower/WC. The open-plan kitchen has high quality cupboards, a central island, and direct access to the pool deckwith its south westerly views over the Bay of Funchal and towards the mountains. All rooms are generously sized, with featured lighting, solid wooden floors, and extensive wooden wall cupboards.
Lower level - Circular staircase gives access to lower level with three further bedrooms, two of which are ensuite, plus a separate guest living area/study and spacious guest bathroom. All bedrooms feature extensive fitted wooden cupboards.
Light and spacious interior spaces
Elegant and interesting architectural features
High quality build specification
Air-conditioning throughout (hot/cold), with radiators to main rooms
Solar panels linked to domestic hot water system
Security alarm system
Infinity pool set in large pool deck area, with excellent views
Large garage with storage space for garden equipment with access off pool terrace
Pool equipment room
Colourful landscaped garden with automatic irrigation system plus garden lighting.
Golf membership available
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