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New build 3-bedroom flat for sale in São Martinho, 245 sqm, 5th floor, parking box, luxury residence within walking distance to beaches, restaurants and shops

New developments São Martinho
1.100.000€   4.490€/sqm

Exceptional flat for sale in new development in São Martinho - Funchal

  • Bedrooms 3
  • Bathrooms 3
  • Gross surface 245 sqm
  • Outdoor area 60 m²
  • Floor 5 on 8
  • Energy B

Welcome to this luxurious new-build apartment that is part of a brand-new development located in Funchal, Madeira Island. Experience the perfect combination of luxury living and convenience, as this flat is situated within walking distance to beaches, restaurants, and shops in Funchal's neighborhood.

Located on the 5th floor of a modern 8-storey building with an elevator, this 3-bedroom apartment with 245 sqm offers unparalleled design and comfort. The orientation of the apartment provides beautiful luminosity, thanks to the large windows facing north and south.

Enjoy a spacious living and dining room of 58.40 sqm solar exposure south with a terrace of 37.55 sqm, an open kitchen of 18.80 sqm with a terrace, entrance hall of 2.05 sqm, laundry of 7.05 sqm, hallway of 3.15 sqm, basement storage of 20 sqm, and a garage of 57 sqm.

The apartment's major asset is its large seaside family flat with an outside area and breathtaking ocean views. With 3 good-sized bedrooms, this apartment offers a master suite of 19.10 sqm solar exposure south with a terrace and a shower room with toilet, an en-suite bedroom of 18.10 sqm solar exposure north with a terrace and a shower room with toilet, and an en-suite bedroom of 20.25 sqm solar exposure north with a balcony and a shower room with toilet.

Equipped with a fully-equipped kitchen, home automation, and furnished bathrooms, this apartment offers a high level of interior comfort, excellent equipment, and beautiful finishes. The building offers 24-hour concierge, home cleaning, secured residence, private residence with an armored door, video surveillance, videophone, and shops in the vicinity, ensuring the highest level of safety and convenience for residents.

Experience a life of luxury with reversible air conditioning, double glazing, high-performance acoustic insulation, efficient thermal insulation, and all-electric facilities. This new home is sold with a box for 3 vehicles and basement storage.

Don't miss out on this amazing opportunity to live in a luxurious new property located at the seaside and urban Funchal. Check out the images of the model apartment to see more of this incredible living space.


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  • Reference : SRM-89-T3-P5-BLOCO-E
  • Property type : flat
  • Style : Modern
  • Property condition : New build
  • Rooms : 4
  • Bedrooms : 3
  • Bathroom : 3
  • Total surface : 245 m²
  • Outside surface : 60 m²
  • Floor number : 5
  • Floor : Intermediate floor
  • Solar exposure : North / South
  • Construction year : 2024
  • Price : 1.100.000€
  • Price per sqm : 4.490€/sqm
  • Property in condominium : Yes
  • Parking spaces : 3


  • Luxury
  • Lift
  • Parking space
  • Garage
  • Swimming pool in the condominium
  • Balcony
  • Garden
  • Terrace
  • En suite bedroom
  • Exceptional flat
  • Panoramic views
  • Clear views
  • Ocean views
  • Beautiful finishes
  • Armoured door
  • Video surveillance
  • Videophone
  • Bright and luminous
  • High level of interior comfort
  • Gated community
  • Within walking distance to beaches, restaurants and shops

The condominium

This is a newly built property development (reference: SRM-89-T3-P5-BLOCO-E) located in Funchal, Portugal. It consists of 147 units that are designed to provide comfortable living spaces for the future owners.

The architecture of the development blends in seamlessly with the surrounding neighborhood. It is situated in São Martinho, which is a highly desirable location that is within walking distance to shops, restaurants, and beaches.

The development has a private condominium with quality amenities, such as a concierge, gated community, private residence, and shops.

The residents can also enjoy a magnificent swimming pool in the condominium. Additionally, there are many places of interest nearby, including green areas, a marina, the airport, public transportation, schools, a hospital, a pharmacy, a tennis club, and a bank.

The co-ownership management is still under establishment, and the estimated monthly condominium fees are 245€.

This property is ideal for those who want to live close to the sea and in the city in a pleasant environment.

If you're interested in purchasing an exceptional flat or a flat for vacation, be sure to check out the dedicated page for the latest development of new homes.

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Expert's word

Are you interested in investing in a new build flat and are looking for a suitable property in Funchal ?

TAGUS NOVO presents suggestions for those who wish to invest in a property in the new development located in São Martinho.

Whether for your main home, second residence or as a real estate investment in Portugal, we state that this apartment represents a perfect option for the acquisition of a new home in Funchal, due to the quality of materials, optimization of spaces and potential for future appreciation.

In fact, according to our evaluation, the performance of this property in relation to several quality criteria reaches 95/100 for investment and 100/100 for main residence.

This exceptional seaside apartment in a luxury development guarantees a unique choice, with numerous advantages including large spaces filled with natural light, and excellent levels of amenities such as air-conditioning, double glazing, high performance sound insulation, thermal insulation, and full electricity. All this in a private residence with shared gardens, in a prime location, just steps away from beaches, restaurants, and stores.

It is important to emphasize that the price of this property is correctly priced compared to new apartments with similar characteristics in the same region of Funchal.

This property is indeed an excellent choice. Don't miss the opportunity and schedule a visit right now!

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Property information

  • Living and dining room of 58.40 sqm solar exposure south with terrace of 37.55 sqm
  • Open kitchen of 18.80 sqm with terrace
  • Master bedroom of 19.10 sqm solar exposure south with terrace and a shower room with toilet
  • En suite bedroom of 18.10 sqm solar exposure north with terrace and a shower room with toilet
  • En suite bedroom of 20.25 sqm solar exposure north with balcony and a shower room with toilet
  • Bathroom of 2.45 sqm
  • 1 guest toilet
  • Entrance hall of 2.05 sqm
  • Laundry of 7.05 sqm
  • Hallway of 3.15 sqm
  • Cellar / Storage space of 20 sqm
  • Garage of 57 sqm
  • Reversible air conditioning
  • Double glazing
  • High-performance acoustic insulation
  • Efficient thermal insulation
  • All-electric
  • Built-in closets
  • Fully fitted kitchen
  • Home automation
  • Furnished bathroom
  • Basement storage
  • Parking spaces : 3
  • Garden
  • Balcony
  • Terrace
  • Swimming pool in the condominium
  • Number of units in the building : 28
  • Number of floors : 8
  • Concierge
  • Home cleaning
  • Gated community
  • Shops
  • Building style : Modern
  • Building condition : New build
  • Construction year : 2024
  • Facade of the building : New
  • Structure : Concrete structure
  • Roof : New
  • Quality level : Luxury residence
  • Condominium management : Under establishment
  • Common areas : New
  • Gated community
  • Number of flats : 147

About the new development

Project status

Pre-launch Sales Under construction Delivered
Last Units Delivery: 1st quarter 2024
Private development
Madeira Island

New build flats in Lido - Funchal
From 750.000€ LivingInvestment
  • From 1 to 4 bedrooms
    Areas from 213 to 1153 sqm

86% of units sold

See all units for sale in this real estate development

Area Bedrooms Price
213 sqm 4 1 750.000€
257 sqm 4 2 950.000€
255 sqm 4 2 950.000€
298 sqm 4 2 1.000.000€
330 sqm 4 2 1.100.000€
355 sqm 1 2 1.200.000€
562 sqm 8 2 2.300.000€
542 sqm 8 2 2.400.000€
660 sqm 8 2 2.500.000€
617 sqm 8 2 2.500.000€
245 sqm 5 3 1.100.000€
238 sqm 5 3 1.100.000€
362 sqm 4 3 1.150.000€
425 sqm 4 3 1.200.000€
262 sqm 6 3 1.200.000€
387 sqm 4 3 1.250.000€
307 sqm 5 3 1.300.000€
448 sqm 4 3 1.400.000€
316 sqm 7 3 1.500.000€
1153 sqm 8 3 3.300.000€
671 sqm 8 4 3.200.000€

Construction status

Foundation Structure Roofing Interior Close-out Delivery
  • Current project status : Under construction
  • Delivery : 1st quarter 2024

The project is expected to be complete by the 1st quarter of 2024 and is currently under construction, reaching the interior stage.

Latest images from the construction site


  • District : Madeira Island
  • Municipality : Funchal
  • Parish : São Martinho
  • Neighborhood : Lido
  • The address: In a modern and attractive neighbourhood

  • The neighbourhood's strengths : Easy access, Green areas, Marina, AirPort, Shops, Beach, Public transports, City centre, Schools, Hospital, Pharmacy, Tennis club, Bank
  • Features : Animated, Seaside, Quiet, Shopping area, Exclusive, Historical, Seafront, Condominium, Resort, Touristic, Traditional, Transport nearby
  • Lifestyle : Seaside, In the city

In one of the noblest areas of the city, located on the southwest coast of the capital Funchal, São Martinho is a parish worth getting to know. By the sea, here is one of the largest beaches of Funchal, or even the island, Praia Formosa, giving access to several smaller beaches. Open-air seafood restaurants overlook Praia Formosa, while stylish cafes and cocktail bars cluster near the Port of Funchal. São Martinho is particularly blessed with the natural beauty of the island. The promenade along the sea is adorned with beautiful flowers and is popular with locals and tourists alike, whether for strolling or sporting activities. Funchal is one of the safest and cleanest cities in Europe, a place that truly takes pride in its status. The cobbled streets of downtown, combined with modern shopping areas, cafes, bars, and restaurants, make Funchal an interesting and exciting city.

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The scoring of this property is evaluated by our experts using criteria based on data that allow us to categorise the potential of the property for a home and for property investment.
We take into account, among other factors, the added value potential, resaleability, rental profitability, rental demand in the area, attractiveness of the neighbourhood, location and quality of the property.

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