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New build 3-bedroom spacious and functional flat for sale in Funchal (São Martinho / Madeira Island), 238 sqm, 5th floor

New developments São Martinho
1.100.000€   4.622€/sqm

3-bedroom flat with interior quality comfort for sale in new development in São Martinho - Funchal

  • Bedrooms 3
  • Bathrooms 3
  • Gross surface 238 sqm
  • Outdoor area 51 m²
  • Floor 5 on 8
  • Energy B

Discover this new build apartment for sale in Funchal, Madeira Island, Portugal, in a completely private and exclusive new development between ocean and city.

Enjoy the comfort of new construction in a privileged living environment by the sea with this 3-bedroom apartment with a total gross area of 238 sqm.

The apartment is located on the 5º floor of a modern building with 8 floors with elevator in a private residence in the area of São Martinho.

It is composed as follows : living and dining room of 58.40 sqm orientation south with a terrace of 34.55 sqm. open kitchen of 18.80 sqm with a terrace. entrance hall of 2.05 sqm, laundry of 6.95 sqm, hallway of 4 sqm, basement storage of 20 sqm, garage of 57 sqm.

With a total of 3 bedrooms, 3 bathroom(s) and 1 guest toilet.

Inside, a home designed to take advantage of a beautiful luminosity thanks to a north and south exposure.

In the night area of your apartment, you will find bedrooms equipped with built-in closets. The en-suites have their own bathroom / shower and dressing room.

Everything is designed for the comfort of the owners : reversible air conditioning, double glazing, high-performance acoustic insulation, efficient thermal insulation and all electric .

The apartment also has : a fully equipped kitchen, home automation and furnished bathrooms.

What will make you fall in love with your future home?

An apartment with modern style, optimized spaces, well equipped, with beautiful finishes and built with quality materials. And swimming pool in the condominium !

Sold with box 3 vehicles and basement storage.

This property is suitable for a real estate purchase as part of a rental investment or for a primary or secondary residence.

Agency fees and a 10 years builder's warranty are included in the price.

Don't wait any longer and contact our advisors!

TAGUS NOVO assists you throughout your new build real estate project in Portugal.

*The features and images of the property are informative

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  • Reference : SRM-90-T3-P5-BLOCO-E
  • Property type : flat
  • Style : Modern
  • Property condition : New build
  • Rooms : 4
  • Bedrooms : 3
  • Bathroom : 3
  • Total surface : 238 m²
  • Outside surface : 51 m²
  • Floor number : 5
  • Floor : Intermediate floor
  • Solar exposure : North / South
  • Construction year : 2024
  • Price : 1.100.000€
  • Price per sqm : 4.622€/sqm
  • Property in condominium : Yes
  • Parking spaces : 3


  • Luxury
  • Lift
  • Parking space
  • Garage
  • Swimming pool in the condominium
  • Balcony
  • Garden
  • Terrace
  • En suite bedroom
  • Spacious and functional flat
  • Panoramic views
  • Clear views
  • Ocean views
  • Beautiful finishes
  • Armoured door
  • Video surveillance
  • Videophone
  • Bright and luminous
  • Interior quality comfort
  • Gated community
  • Between ocean and city

The condominium

This unique new-build property (reference: SRM-90-T3-P5-BLOCO-E) is part of a new and one-of-a-kind development located in the desirable residential neighbourhood of Funchal in Portugal. This brand-new condominium comprises 147 properties and is located just a short distance away from the city center.

The development's architecture is perfectly integrated into the surrounding environment and features a collection of new-build apartments designed to provide an optimal living space for the future owners.

Residents can enjoy quality amenities, including a concierge, home cleaning, secured residence, private residence and shops, luxury residence with pool and garden, and garage. Additionally, there are plenty of places of interest nearby, such as green areas, a marina, the airport, shops, 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 238€. This new residential development is ideal for those seeking a comfortable and luxurious seaside and urban living in Funchal, within a pleasant living environment.

If you're looking for a highly comfortable flat or an apartment for your vacation in Portugal, this property is the perfect fit for you! Check out our dedicated page for the latest development to learn more about the residence, its services, and the surrounding neighbourhood.

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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 spacious and functional flat 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 34.55 sqm
  • Open kitchen of 18.80 sqm with terrace
  • Master suite with dressing room of 21.15 sqm solar exposure south with terrace and a shower room with toilet
  • En suite bedroom of 17.80 sqm solar exposure south with terrace and a shower room with toilet
  • En suite bedroom of 17.80 sqm solar exposure north with balcony and a shower room with toilet
  • Bathroom of 2.50 sqm
  • 1 guest toilet
  • Entrance hall of 2.05 sqm
  • Laundry of 6.95 sqm
  • Hallway of 4 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
  • Private residence
  • 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 privileged living environment by the sea

  • 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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