16 Rua Encosta Dos Magos # B
,
MLS# B26026997
$1,590,000
Want to See All 52 Photos?
Register for free to view all property photos and get access to exclusive listings!
Register for Free AccessYou've viewed 10 of 52 photos
Property Details
Bedrooms
Bathrooms
0
Square Feet
1,415
Year Built
2023
Property Type
Triplex
Status
Active
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.
Interested in this property?
Own a home nearby? See what it may be worth
Get a free, no-obligation valuation from a local Miami real estate expert.
Get Your Home ValuationGet new listings in
Register for updates on homes that match the area you are exploring.
Alert MeListing data updated