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16 Rua Encosta Dos Magos B , $ 1,990,000
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$ 1,990,000 Get more info
16 Rua Encosta Dos Magos B
$ 1,990,000
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16 Rua Encosta Dos Magos B

,
$ 1,990,000
Baths0.0 Sq 1,415

Monthly Estimate*

$ 12,565

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Studio Multi-Family Home for sale for $1,990,000. This 1,415 square foot home was built in 2023 on a lot size of 0.07.

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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Multi-Family Active

Price

$ 1,990,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 517

Style

Lot Size

0.07

Year Built

2023

County/Region

Other

MLS | Web ID

B26026997
Features
General
Sewer Public Sewer
Heating Zoned
Cooling Central Air Ceiling Fan(s)
Utilities Cable Connected Natural Gas Available None Water Not Available
Possession Negotiable
Roof Concrete
Patio/Porch Features Open Patio Terrace Balcony Rooftop
Construction Materials Concrete Stucco
Pets Allowed No
Year Built 2023
Tenant Pays None
View Ocean
Stories Count 3
Levels Three Or More
Unit Number B
Property Subtype Triplex
Tax Year 2025
Gross Income 194102
Accessibility None
County Other
Net Operating Income 140706
New Construction false
Property Type Residential Income
Other Structures Pergola
Status Active
Senior Community Y/N false
Number Of Units Total 3
MLS Area 5990 - International
Tax Annual Amount 517
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/16-Rua-Encosta-Dos-Magos-B/unbranded
Standard Status Active
Property Sub Type Additional Triplex
Legal Description Fração autónoma B prop. horizontal CRP Santa Cruz nº 1943 Caniço. Lic. Util. 58/2023. Moradia T3 3 suites logradouro priv.
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Interior
Flooring Ceramic Tile Marble Wood
Total Stories 3
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Exterior Amenities Balcony Garden Outdoor Kitchen Outdoor Living Area
Lot Features < 1/4 Acre
Water Source Public
Total Parking 1
Lot Size Area 3200
Foundation Details Block
Building Area Total 1415
Lot Size Acres 0.07
Waterfront Y/N false
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* Excluded Features
List By
Viktoriia Volynets

Listing Agent

Affordability Calculator

$12,608
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,565
Monthly Property Taxes
$43
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
5/11/2026 $1,990,000 Listed Price

Map

16 Rua Encosta Dos Magos B, , , is a Multi-Family Home for sale at $1,990,000 with 1,415 sqft and a lot size of 0.07. 16 Rua Encosta Dos Magos B is a studio with 0.0 baths and was built in 2023. The property's zip code is which is in ,

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