Indulge in Coastal Paradise: Luxury Waterfront Apartments with Exclusive Beach Access
Welcome to a world of unparalleled coastal living in the prestigious promenade area of Estrada Monumental. Nestled within 6000m2 of meticulously landscaped gardens and lush green spaces, this exceptional waterfront residence offers a lifestyle of opulence and tranquility. With direct access to the beach and a stunning Y-shaped architectural design, this development is a true masterpiece of seaside luxury.
Key Features:
Prime Location: Situated in one of the most coveted locations, this extraordinary property boasts a commanding presence on the iconic Praia Formosa Beach. Residents are treated to unobstructed, panoramic 180º sea views that stretch as far as the eye can see, encompassing the vast ocean and the majestic Cabo Girão cliffs.
Exquisite Outdoor Spaces: The carefully planned Y-shaped building embraces the beautifully manicured garden and lawn areas on both sides, ensuring residents enjoy a tranquil and protected outdoor environment. A sprawling infinity pool perched on the edge of the cliff provides an exquisite vantage point to soak in the beauty of the sea.
Diverse Selection: The development offers a range of options with apartments available in one, two, three, and four-bedroom configurations. Each apartment comes with at least one private parking space, and the larger units boast the luxury of up to three parking spaces. Additionally, all apartments include a private storage room conveniently located outside the living space.
Private Pools: For those seeking the ultimate in indulgence, select units feature private pools on spacious terraces, adding an extra layer of exclusivity and relaxation.
Abundance of Pools: A highlight of this coastal haven is the presence of approximately 25 pools distributed among different blocks and floors, ensuring that every resident can enjoy a refreshing dip in the pool at their leisure.
With the soothing sound of the waves as your backdrop, these luxury waterfront apartments offer an unparalleled blend of coastal elegance, convenience, and leisure. Whether you're seeking a serene retreat or a vibrant seaside lifestyle, this development caters to your every desire.
Don't miss your chance to own a piece of this coastal paradise. Contact us today to experience the epitome of waterfront living in the heart of Estrada Monumental.
Completion Date End of 2023
We have a selection of different properties available to fit all your requirements so call us to enquire further and obtain more information.
BY APPOINTMENT ONLY
For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages that Madeira Island has to offer:
• Security. Madeira is virtually crime free and one of the safest holiday destinations in the world!
• Sub-tropical climate - warm & pleasant year round.
• Natural beauty - lush & colourful, known as the ""Garden or Pearl 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.
Legal and fiscal situation
• Property transfer taxes - IMT tax, Stamp duty, registration 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 affected by non-
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