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3 bedroom house for sale

Portugal - Funchal, Madeira

€920,000

like this property?

Call: 03339 396426

Key features:

  • Premium villa in Palheiro Village
  • Largest garden in the condominium, private pool
  • Underfloor heating to living & bedrooms
  • Elegantly furnished, all included in sales price
  • Fully established in the holiday rental market
  • Vaulted ceilings with featured uplighting
  • Wonderful views over Funchal Bay and ocean
  • On-site property management and rental service
  • Village owners have privileged discounts on Estate facilities
  • Additional basement storage room

Full description:

Villa 39 is a premium three-bedroom villa in excellent condition with its own private pool and beautifully landscaped garden. Its corner location gives it stunning views to the west over the city of Funchal with its twinkling evening lights as well as over the ocean. Guaranteed sunsets every day!

Furnished in a contemporary style, and already licensed as a holiday rental property, this villa is being sold fully furnished and equipped.

Built within the award-winning Palheiro Village, part of the famous Palheiro Estate, villa 39 was designed to take advantage of the hillside location. This split-level accomodation is beautifully arranged, with a construction area of approximately 203 sq. m. plus extensive terraces, heated 5 m pool with jet-stream swimming system and a generous private garden with paved area and immaculate lawn.

The access to this three bedroom villa is at the upper floor level, where the car-port and entrance porch are positioned. An impressive solid-wood front door gives access to the entrance hall and double-storey height stair well.

The upper floor is split into two levels, with the master bedroom and en-suite bathroom at the higher level, with a short flight of stairs down to an intermediate landing and bedrooms 2 & 3.

The extensive lounge, dining & kitchen area are located at the lower floor level, with a large pergola-covered terrace giving space to relax in the sun and enjoy the special views over the Atlantic and the Bay of Funchal. There is also a third bathroom and additional storage room with floor to ceiling lockable storage cupboards.

From the main terrace there are steps down to the garden terrace and equipment/storage room.

Ownership 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, fitted wardrobes, open fireplace, security system and cable TV.

Villa 39 has hardwood wengé floors in the three bedrooms, and additional extras such as heated towel rails in the bathrooms, and pool heating.

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 regime of "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.


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), 8.5 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 V39) 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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