About 16 Rua Encosta Dos Magos #b
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.
Features of 16 Rua Encosta Dos Magos #b
| MLS® # | B26026997 |
|---|---|
| Price | $1,990,000 |
| Square Footage | 1,415 |
| Acres | 0.07 |
| Year Built | 2023 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 16 Rua Encosta Dos Magos #b |
|---|---|
| Area | 5990 - International |
| County | Other |
Amenities
| Utilities | Cable Connected, Natural Gas Available, None, Water Not Available |
|---|---|
| View | Ocean |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Zoned |
|---|---|
| Cooling | Central Air, Ceiling Fan(s) |
| # of Stories | 3 |
Exterior
| Exterior Features | Garden, Outdoor Kitchen, Private Rooftop Terrace, Balcony |
|---|---|
| Roof | Concrete |
| Construction | Concrete, Stucco |
Additional Information
| Zoning | Residential |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | LoKation |
|---|