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16 Rua Encosta Dos Magos , B

FL
  • $1,590,000
  • STATUS: Active
  • ON SITE: 155 Days
  • MLS #: B26026997
$1,590,000
  • 0
    BEDS
  • < 1/4 Acre
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,415
    SQFT
  • $1,124
    $/SQFT
Type:
Multi-Family
Built:
2023
County:

School Ratings & Info

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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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2026 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2026-10-13T23:35:47.44.
www.bettersouthfloridahomes.com/homes/176333802
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16 Rua Encosta Dos Magos , B FL

  • Price: $1,590,000
  • Status: Active
  • On Site: 155 Days
  • MLS #: B26026997
0
Beds
0
Baths
0
½ Baths
< 1/4 Acre
Acres
1,415
SQFT
$1,124
$/SQFT
2023
Built
County:
Other
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.
Exterior Features

Construction Materials Concrete Stucco Exterior Features Balcony Garden Outdoor Kitchen Outdoor Living Area Foundation Details Block Parking Total 1 Patio And Porch Features Open Patio Terrace Balcony Rooftop Pool Private YN No Roof Concrete

Interior Features

Building Area Total 1415 Cooling Central Air Ceiling Fan(s) Cooling YN Yes Flooring Ceramic Tile Marble Wood Heating Zoned Heating YN Yes Levels Three Or More

Property Features

Association YN No Listing Terms Cash Conventional Lot Features < 1 /4 Acre Membership Equity YN Membership Fee New Construction YN No Number Of Units In Community 3 Other Structures Pergola Pets Allowed No Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Restrictions No Restrictions Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Stories 3 Stories Total 3 Tax Annual Amount 517 Tax Year 2025 Tenant Pays None Utilities Cable Connected Natural Gas Available None Water Not Available View Ocean View YN Yes Water Source Public Waterfront YN No

Listing provided courtesy of LoKation: . Listing information © 2026 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2026 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2026-10-13T23:35:47.44.
 
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