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

New developments in São Martinho
From 310.000€ to 1.400.000€

Project status

Pre-launch Sales Under construction Delivered

New-build apartments for sale in Funchal with balconies, terraces or gardens - in São Martinho

The benefits
  • Close to the beaches
  • Modern architecture
  • Ideal for a primary residence
  • Within a few metres from the beach
  • Ideal for a sunny second home
  • Attractive environment
  • Living environment combining design, comfort and well-being
  • Swimming pool in the condominium
  • Superb landscaped area with green areas
  • Pedestrian paths
  • Restaurant & Bar
  • Videophone
  • Coworking area
  • Reception services
  • Storage areas
  • Swimming pool and solarium in a neatly landscaped area
  • Shared garden in the residence
  • Fitness room
  • Gated condominium (fenced and secured with automatic gate)
  • Concierge service
  • Cleaning and housekeeping services
  • Private parking
  • Cellars
  • Balconies, terraces or gardens

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!

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Expert's word

A majestic realisation on the island of Madeira at coherent prices, in a highly sought-after sector of Funchal. This luxury new development is located in a beautiful green setting facing the ocean. 20 minutes from the airport and 7 minutes from the old town of Funchal. The residence's meticulous architecture blends harmoniously into its environment. All of the homes are designed to combine comfort and well-being. The interior rooms are also carefully arranged to optimize the living space. The outdoor spaces are true extensions of each home. 181 lots from T1 to T4 are available to meet the needs of a year-round clientele or to invest in a second home. A residence that benefits from pleasant exteriors, with several swimming pools, a parking lot and beautiful general amenities.

Come and ask us for advice, the flats are selling fast!

Construction status

Foundation Structure Roofing Interior Close-out Delivery
  • Current project status : Under construction
  • Delivery : 4th quarter 2023

The New development in Funchal is expected to be complete by the 4th quarter of 2023 and is currently under construction, reaching the close-out stage.

Features of the housing

  • Spacious
  • Living rooms with balconies, terraces or gardens
  • Beautiful ocean/sea views from most properties
  • Generous and optimised surface areas
  • Superb volumes and optimal comfort
Show all units sold


  • District : Madeira Island
  • Municipality : Funchal
  • Parish : São Martinho
  • Neighborhood : Lido
  • The address: In a privileged living environment by the sea

  • Features : Animated, Seaside, Quiet, Shopping area, Exclusive, Historical, Seafront, Condominium, Resort, Touristic, Traditional, Transport nearby
  • Lifestyle : Seaside, In the city

The project is located in a privileged area in the western part of the city of Funchal, in a highly sought after tourist and residential area. South of the beautiful Monumental Road.

-7 minutes by car or 25 minutes by foot from the old town of Funchal

-Direct access to the sea and the beach

-180º unobstructed view of the ocean

You will have direct access to the main roads, to get to the old town center of Funchal and to the other regions of Madeira Island.

You will be close to everything! Less than 200 m away you will find a supermarket, a greengrocer, a bakery, a pharmacy, a hairdresser, a car rental company, bars and restaurants. And only 50 m from the residence's private elevator is Funchal's largest beach, Praia Formosa, as well as the Promenade between the Lido and Câmara de Lobos. A great location for living in Madeira, walking, jogging, biking, along the Estrada Monumental or the Seaside Promenade, the two most popular roads in Funchal!

Environment : Easy daily life with everything nearby, Close to all amenities, Shops in the neighbourhood, Supermarkets, Shops and services nearby, Mall / Shopping, Restaurants, Coffee shops / Bars, Public transport nearby, Quick access to main roads, Bus stop in the street, Municipal swimming pool, Sailing, Nightlife, Cinema, Marina, Green areas in the municipality, Green areas in the neighbourhood, Nearby park, Forest, City Hall, Post office, Banks, Cash dispenser, Police, Pharmacy, Hospitals, Private clinic, Doctors, Health centre

Project's main players




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