Ocean Terraces
Funchal, Santa Luzia
Residential project with T1 to T3 apartments, focused on comfortable residential use.
Typologies
| Type | Units | Price |
|---|---|---|
| T1 | 4 | €490K - €690K |
| T2 | 1 | €715K |
| T3 | 9 | €490K - €1,4M |
According to Sotheby’s, HB Properties
Project details
- First publication
- 07/07/2026
- Amenities
- Pool, Parking
- Total units
- 20
Location and access
Nearest beach23 minPraia de Machico
Nearest airport20 minMadeira Airport
International schools1 minInternational Sharing School Madeira
Market
1. Location price
Average asking price in Santa Luzia
4 224 €/m²
Average asking price in Santa Luzia, including new builds and resale homes.
2. Market dynamics
Growth 12 months
-8,8%
Growth 24 months
-6,2%
Forecast 12 months
+14,9%
Forecast 24 months
+32,0%
3. Price in this project
Average price in this project
Not available
Forecast 12 months
–
Forecast 24 months
–
4. Asking price history and projection
Projection based on the 5-year CAGR.
Santa LuziaMadeira (Ilha)
Sources: Sava New Build Index, Idealista