Quinta da Marinha, in Cascais, is back in the headlines in Portugal’s luxury real estate market. The wife of former Formula 1 boss Bernie Ecclestone has purchased a mansion for €40 million, reportedly marking the highest private residential transaction ever recorded in Portugal.
According to Correio da Manhã, Fabiana Flosi, a Brazilian who is 46 years younger than her husband, acquired the property from businessman Marco Galinha, former president of Global Media Group. The sale was finalised in February after around six months of negotiations.
Where is the $40 million mansion located?
The €40 million mansion is located in Quinta da Marinha, one of the most exclusive residential areas in Cascais, Portugal.
The property measures approximately 2,000 m², which equates to an estimated €20,000 per m². According to the information released, it includes:
- Frontal and panoramic sea views
- A tennis court
- An internal lift
Marco Galinha purchased the estate six years ago from his father-in-law, Russian citizen Markos Leivikov. With this latest transaction, it has officially become the most expensive home ever sold in Portugal.
Quinta da Marinha: one of Portugal’s most exclusive addresses
When discussing luxury homes in Portugal, Quinta da Marinha consistently ranks as one of the most desirable locations. The area is recognised for its proximity to the Atlantic Ocean, established golf courses and discreet residential setting.
Recent data indicates that:
- The average price exceeds €11,000 per m²
- Houses can easily surpass €1.7 million
- International demand for luxury homes has been rising
Foreign investment in Portuguese real estate reached €3.9 billion in 2025, representing a growth of 10.4% compared to the previous year. Security, climate and overall quality of life continue to be decisive factors for overseas buyers.
What is it like to live in Quinta da Marinha, Cascais?
Living in Quinta da Marinha means settling in a high-end residential enclave with direct access to nature and the sea. Large detached properties dominate the area, with a strong emphasis on privacy and security. Plus, Cascais itself is never short of things to do.
Key features include:
- Close proximity to the Blue-flag beach of Guincho
- Internationally recognised golf courses
- Gated communities
- A quiet and discreet atmosphere
It is designed for residents seeking space, controlled access and distance from urban density, while remaining within easy reach of Cascais and Lisbon.
Who are Bernie Ecclestone and Fabiana Flosi?
Bernie Ecclestone, born on 28 October 1930 in Suffolk, England, became one of the most influential figures in the history of Formula One. He played a central role in transforming the sport into a highly profitable global enterprise, negotiating television rights and international commercial agreements.
In Portugal, he influenced the return of the Grand Prix to the calendar in 1984 at the Estoril Circuit. Throughout his career, he was also associated with high-profile business deals and controversial decisions.
He was previously married to Croatian model Slavica Radić, with whom he has two daughters. In 2012, he married Fabiana Flosi in a private ceremony in Switzerland.
Who is Fabiana Flosi?
Fabiana Flosi was born in Brazil and met Ecclestone in 2009 during the Brazilian Formula 1 Grand Prix, where she worked in event organisation. In 2020, the couple had a son, making Ecclestone a father at 89.
In recent years, Flosi’s name has been linked to significant real estate investments and a largely discreet lifestyle between the United Kingdom and other European destinations.
Original article seen in Correio da Manhã
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