Apartment T4 for sale in Funchal

São Martinho

1 250 000 €

Buy
id. 124561079-47

244 m²

4

3

A

Description

Madeira Acqua Residences

The Sunset of Your Dreams

At Madeira Acqua Residences, you’ll find the perfect option for your lifestyle.

The project’s attributes and quality meet the demanding needs of both young and old, families, professionals, and investors alike.

A unique and exclusive condominium in the best residential area of Funchal, featuring an infinity pool, children’s pool, social areas, gym, communal lounge, visitor parking, and other amenities.


THE PROJECT

The project was guided by the masterful combination of the nobility and ingenuity of timeless good architecture with modern innovations that updated the building to enhance the comfort and convenience of residents and visitors.


Thanks to its Y-shaped design, overlooking Praia Formosa, most apartments benefit from an unobstructed 180-degree view of the sea, stretching from Ponta da Cruz to Cabo Girão.

To the south, completely protected by the Y-shaped building, landscaped areas and the lawn will be preserved.

All the mature trees planted 50 years ago will be preserved, along with some that are also found to the north of the building.

Thanks to its location, the superior quality of the apartments, and over 7,000 square meters of green space available to residents, this will be a unique project in the regional real estate market.

The project is located in the most peaceful and beautiful stretch of Estrada Monumental, known for its width and tree-lined sidewalks.

Madeira Acqua Residences is situated in a superior, exclusive residential and tourist area, south of this road, unlike most other residential developments.

This is evidently a major advantage, further enhanced by a unique feature: a private elevator that will provide exclusive access from Estrada Monumental to Praia Formosa and the Lido Promenade, by the sea. At the edge of the cliff, directly overlooking the sea, is a large infinity pool.

Around it, one can enjoy the tranquility of the sea, the sunrise over the beautiful natural pools of Doca do Cavacas, and later, the sunset behind the majestic Cabo Girão, Europe’s highest cape, standing at 580 meters tall.


HISTORY OF THE BUILDING

Designed by the renowned architect Carlos Ramos, winner of the Valmor Award and co-author of the Estádio do Restelo in Lisbon, the building was initially opened as a hotel under the Hilton brand in the early 1970s, later adopting the name Hotel Madeira Palácio.

The building was ingeniously designed and constructed in a Y-shape to take advantage of the best views of Funchal. The sophisticated structural design, along with a unique and exemplary landscape integration open to the sea, is evident.

The exterior areas, particularly the gardens, were designed by the most recognized Portuguese landscape architect of the 20th century, Gonçalo Ribeiro Teles. Inside, the spirit of architect Daciano da Costa, widely regarded as the most prominent Portuguese designer of the 20th century, could be felt.

Following its successful and glamorous 40-year history, the Hotel Madeira Palácio underwent various interventions that preserved the Y-shape while adding small extensions.


DETAILED DESCRIPTION

The goal and challenge of this project were to take the existing building, which resulted from previous interventions, and rehabilitate it into a modern and classy residential building.

For better identification, the building is divided into blocks. From the original hotel, we have Blocks A, B, and C.

Added to these are Block A1 (where the adjacent building already existed) and Block A2, which extend from Block A and are built at lower levels. Associated with Block B is Block B1.

According to block reference, the following are the floors per block:

- Block A – from Floor 2 to Floor 10

- Block A1 – from Floor 2 to Floor 10 (roof at the level of Floor 3)

- Block A2 – from Floor 0 to Floor 2 (roof at the level of Floor 3)

- Block B – from Floor 2 to Floor 11 (setback floor)

- Block B1 – from Floor 0 to Floor 2 (roof at the level of Floor 3)

- Block C – from Floor 3 to Floor 1

Private pools have been designed for units with larger terraces: there are about 25 pools scattered across the various blocks and floor.

There are 27 apartments with private garden areas.

All apartments have at least one private parking space, and larger apartments can have up to three parking spaces.

Similarly, all apartments have a private storage room located outside the apartment.

Details

Private Gross Area m²244
Gross Area m²- -
Total Lot Size m²- -
Living Area m²196
Bedrooms4
Construction Year2024
Floor1st Floor
WC/Bathrooms3
ElevatorNo
Parking3+ Places
Electric Cars ChargingNo

Energetic details

Energy efficiency

Decorate

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Map

Rooms

Bedroom
Bedroom
Bedroom
Bedroom
Kitchen
Living Room
Credit Simulation
Listing Price
1 250 000 €
Initial Value
Duration (Years)
30 years
Monthly Payment (*)
0

(*) The monthly instalment indicated corresponds to a reference value, based on a variable rate (6-month Euribor), notwithstanding a more complete and detailed financial analysis! Powered by Max Finance - Intermediários de Crédito, Lda The information resulting from these simulations is merely indicative, with the purpose of providing guidance on the estimated cost, according to the data indicated by the user. Each financial entity has its own financing policies and conditions and is not linked to the results of this simulation.


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