Real estate development in a privileged living environment by the sea in Funchal - modern style properties in Portugal

TAGUS NOVO presents this rare new development on Madeira Island.

A new luxury residence in Funchal that was born from the rehabilitation of an old palace located on the front line of the ocean.

Its reconfiguration will preserve the history of the place and the nobility of the architecture of the existing building, to offer comfortable new build apartments in a modern and secure residence.

This building is the work of the famous architect Carlos Ramos, winner of the Valmor award and co-author of the Restelo Stadium in Lisbon, this historic building opened in the early 70's, under the brand of the Hilton hotel group.

Today, 181 high-end new build apartments make up this exclusive new development on Madeira Island.

From 1 to 4 bedrooms (T1 to T4) and penthouses.

Inside, these homes offer spacious living areas ranging from 63 to 395 m2.

All apartments have an outdoor space (with a balcony, terrace, or garden). 25 of them have a private pool and 27 have a private garden.

The main building, designed in a Y-shape, overlooks Formosa beach and allows most of the apartments to enjoy a 180º panoramic view of the sea and unforgettable sunsets over Cape Girão (the highest cliff in Europe with an altitude of 580 m).

Three new small buildings (A1, A2 and B1) will be built further down the residence, on the seafront, to complete this project.

The residence offers 181 apartments in 6 buildings:

-Building A: 4th to 10th floor

-Building A1: 2nd to 4th floor

-Building A2: Ground to 2nd floor (roof on the 3rd floor)

-Building B: 2nd floor to 11th floor (recessed floor)

-Building B1: Ground to 2nd floor (roof on the 3rd floor)

-Building C: 3rd floor to 10th floor

The residence also has a gym, an infinity pool with a sea view, relaxation areas, common areas and work spaces, and parking for residents and visitors.

This new development project is located in the best residential area of Funchal, with more than seven thousand square meters of green space, with some trees planted more than 50 years ago.

A private elevator in the residence allows direct access to the largest beach in Funchal (Praia Formosa), as well as to the promenade between the Lido and Câmara de Lobos.

This project on Madeira Island is a rare product on the real estate market, due to its location in the city of Funchal, the quality of the properties, and the standing of this high-end residence by the sea.

Do not miss this new development in Funchal!