Palheiro Village: Madeira‘s Latest Luxury Condominium

Nolon, KW (Keller Williams Realty), Imopalheiro and Madeira Legacy are in charge of marketing.

Located in São Gonçalo in Funchal, Palheiro Village is an excellent new development for residence or holidays. It is situated on top of a hill with enviable views over Funchal, 5 km from Caniço de Baixo beach, 10 minutes from the heart of Funchal and just over 12 km from Madeira Airport. The investment in the new luxury condominium in Madeira was not disclosed.

Comprising 70 properties, Palheiro Village currently has 18 three and four-bedroom villas, three urban plots and one plot of rural land on sale. The rural land has an area of 10,680 m², while the villas have gross construction areas between 160 m² and 309 m². The urban plots are destined for building 4-bedroom homes and vary between 2,259 m² and 4,384 m² in size.

Nolon, KW (Keller Williams Realty), Imopalheiro and Madeira Legacy are in charge of sales. The rural land is the most valuable due to its size. The price range for these properties is between €280,000 and €1,800,000. The villas are priced between €460,000 and €890,000.

Palheiro Village is a good investment option, with potential yields ranging between 3% and 5%. The Madeira Archipelago for the golden visa program due to the properties’ characteristics and the legislation in force.