16 Rua Encosta Dos Magos Unit B, Not Provided, N/A Not Provided
- $1,590,000
- 1,415
- SqFt
- List Price
- $1,590,000
- Days on Market
- 132
- Price Change
- ▼ $400,000 1789008015
- MLS#
- B26026997
- Year Built
- 2023
- Living Area
- 1,415
- Acres
- 0.07
- MLS Area Major
- 5990 - International
Property Description
Madeira's premier income-producing villa: legally ONE moradia (fração B) operated as 3 short-term suites — Crystal (56,728/yr), Amber (52,674/yr), Pearl (56,497/yr) with rooftop outdoor kitchen + 360° ocean views. 2025 actuals: 165,899 / $194,102 gross at ~94% occupancy; 120,262 / $140,706 NOI = 7.07% cap rate at list. Modern 2023 build, Class B energy. Each suite: 1 BR / 1 BA, fully furnished, kitchenette, private terrace; reversible interior partitions. Total 3 BR / 3.5 BA / 1,415 sqft. Registered Alojamento Local RNAL #160289. Caniço, 8 km east of Funchal. ONE moradia, ONE AL license — three suites via reversible partitions. Operating statement in Documents (Private). International property; FIRPTA may apply.
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Additional Information
- Taxes
- $517
- Utilities
- Cable Connected, Natural Gas Available, None, Water Not Available
- Heating
- Zoned
- Air Conditioning
- Central Air, Ceiling Fan(s)
- Exterior Construction
- Concrete, Stucco
- Roof
- Concrete
- Foundation
- Block
Listing courtesy of LoKation. Contact: