São Gonçalo Apartments
Boutique 9-unit residential scheme by Palheiro Golf, Funchal
A boutique, view-focused residential project in São Gonçalo, on the hills above Funchal and next to Palheiro Golf. The building offers nine well-composed units that balance compact private footprints with generous outdoor terraces and a pool deck, opening towards panoramic ocean and city views.
Architecture focuses on clean volumes, floor-to-ceiling glazing and efficient circulation, while the specification includes premium porcelain and stone surfaces, built-in kitchens, A/C and an energy-efficient envelope. Amenities include a shared pool deck, landscaped common zones and convenient parking on site or nearby.
| Deal at a glance | |
|---|---|
| Gross Revenue (GDV) | € 7.82M |
| Total costs (incl. promotion) | € 5.43M |
| Net profit / EBITDA (one-off) | € 2.39M |
| EBITDA margin on GDV | ≈ 30.6% |
| ROI on total cost | ≈ 44.1% |
Project overview
The scheme is positioned on a hillside plot that overlooks Funchal Bay and the Atlantic, within walking distance of Palheiro Golf and a short drive to the city centre and marina. It is designed for upper-mid market buyers seeking a modern, efficient apartment with strong views and shared amenities in a compact building.
The unit mix (T0×1, T1×5, T2×2, T3+1×1) creates a balanced spread of entry-level and larger apartments, allowing flexible pricing and sales phasing. Deep terraces extend living spaces outdoors, while a pool deck and lounge areas add value for both owner-occupiers and investment buyers.
Program & areas
- Residential area (AB): 802.39 m².
- Gross built area (ABT): 1 667.25 m².
- Common areas: 864.86 m².
- Net-to-gross efficiency (AB / ABT): 48.1%.
- Unit mix: 9 units (T0×1, T1×5, T2×2, T3+1×1).
- Positioning: upper-mid segment, ocean panoramas, golf adjacency.
Location & positioning
São Gonçalo is one of Funchal’s recognised residential hillsides, with a combination of sun exposure, views and accessibility. Being next to Palheiro Golf and minutes from key city amenities supports both local demand and international buyers looking for a base in Madeira with strong lifestyle value and investment logic.
- Location: Funchal (São Gonçalo), Madeira – Palheiro Golf vicinity.
- Target buyer: local upper-mid, international second-home and investors.
- Product: design-driven apartments with shared pool and landscaped common areas.
Invest in ocean-view residential units
Leave your contacts to receive the full investment package for the São Gonçalo Apartments
project: detailed teaser, financial model (Excel) and permitting status overview. The
Danica Space team will review your request and follow up with next steps.
What you will receive
- Full teaser PDF for São Gonçalo Apartments.
- Key financials with GDV, costs, EBITDA and ROI in Excel format.
- Summary of permitting status and development pathway.
- Contact with Danica Space team to discuss structure and JV / capital options.
Typical profiles
- Private and family office investors.
- Developers seeking a compact apartment scheme in Madeira.
- Agencies and brokers with qualified clients for ocean-view apartments.
