2 bedroom apartment

Luxury two en-suite bedroom apartment "U", located on the 2nd floor with 222 sqm, living and dining room that feature a fully equipped kitchen and “smart” home functionalities. Ample terraces provide a magnificent view of Funchal and the Atlantic. A relaxing atmosphere, combined with luxury of living in a fully serviced residential complex in the heart of Funchal. This apartment includes two parking spaced and storage space. 

Savoy Residence Insular is a spectacular newly built residential complex, that came to life from a legacy of an iconic historic building in the heart of vibrant and breathtaking Funchal, the capital city of Madeira Island. 

Through a beautiful ensemble of four apartment building blocks, each with distinct concept and character, the Savoy Residence Insular embodies the history of the ancient buildings that once stood there, paying them a well-deserved tribute and bring them into the present day as a renewed centrality.

This unique serviced residential complex offers 49 apartments from T0 to T4 typology, loft, duplex and triplex style, solarium, common and private pools, 12 commercial areas, parking spaces, gardens, doorman and concierge services. 

These “smart” homes include fully equipped kitchens as well as home automation technology for scheduling and controlling air conditioning, lighting, curtains and more. All rooms in the apartments are suites with sound systems in the bathrooms. Each unit comes with private, secured parking and mailbox. The building includes stunning rooftop gardens with 360o degree views of the ocean, city and mountains as well as a solarium and shared infinity pool.

With duplex and triplex formats, lofts filled with natural light, apartments with large rooftops or private pools, there are several options for you to choose from for your dream home or investment property.

The building also includes a large, communal, rooftop lounge space with fantastic panoramic views of the city, mountains and sea.

When you become an owner of an Insular residence, you will be entitled to a special Savoy Resident Card that opens the door to a world of benefits, including use of the luxury spas, pools, jacuzzis and fitness centers at all the Savoy hotels on the Island.

Exclusivity and comfort are also guaranteed with services such as a 24-hour reception and concierge as well as discounted rates on laundry and cleaning services, food and drinks at hotel bars and restaurants, event spaces and much more.

Four buildings, four ways of living. The Savoy Residence Insular is a unique Complex with a distinguished image, which allows the venture to meet all possible desires. From the old mansion next to Largo do Pelourinho and the classic-style apartments in the old mill company, to the more modern and minimalist spaces in the building facing the Lavradores Market, as well as the industrial lofts, the struggle lies in choosing what speaks most to you. Living here will always be a privilege.

In the vicinity, there are International Schools and an array of modern private clinics, as well as full urban amenities, making the location of Savoy Insular ideal for an active lifestyle.

Explore other available T2 apartments that Savoy Residence|Insular has to offer as your new dream home:

"X" 2nd floor apartment - 191 sqm|2 parking boxes|1 storage space| 1,200,000€

Funchal & Madeira Island

In Funchal, the capital city, you can feel a strong cosmopolitan flavour around. A city facing the sea in an unparalleled natural amphitheatre, Funchal follows the pattern as one of Europe’s capitals. Combining almost six centuries of history in monuments and heritage with the best the modern world has to older, you’ll find shops, high-end buildings and restaurants with international reputations. A frequent winner of “Europe’s Leading Island Destination” awards, Funchal among the best European cities, holding the 6th place in the top 10 for “Europe ́s Best Destinations on the Rise”.

Only a quick hour and 45 minute hop from the bustling city of Lisbon, you’ll find the seaside town of Funchal, set in the midst of the Atlantic Ocean. Greeted by magnificent views and surrounded by lush, green forests, majestic volcanic mountains, waterfalls and gardens bursting with flowers and tropical plants, Funchal is a haven for those seeking bluer skies and sun kissed days.

An added benefit is its proximity to Portugal and Africa; making flights throughout Europe a breeze. There is now even a direct flight from New York JFK to Funchal.

Investment benefits:

Madeira is considered The New Real Estate Hub for Digital Nomads, active international families and retirees, choosing Madeira for a safe, relaxed and high-quality lifestyle. As a popular tourist and digital nomad destination or location for a second or third home, investing in a property in Madeira as a rental is not only a financially sound investment; residence in Portugal offers the benefits of future EU citizenship, as well as access to Portugal’s state-of-the-art health care system.

Madeira is Portugal ́s region with highest real estate growth rate, more than 20% increase in March, 2024, as compared to March 2023. In Savoy Insular, professional rental management teams can assist with the whole process, securing a highly attractive flexible annual return, with total piece of mind for the owners.

A Great Place for Corporations & Entrepreneurs:

• Reduced Corporate Tax Rate (IRC) of 5% until 2027.
• Full exemption from withholding tax on dividend remittances for non-resident shareholders.
• 80% exemption on Stamp Duty, Municipal Property Tax, Municipal Tax on Real Estate Transfer; Regional and Municipal surcharge.
• 76,2% reduction on the Special Advance Tax Payment and Autonomous taxation.
• Tax Credit Benefit from a large network of Double Taxation Treaties (with over 70 countries).