16 Rua Encosta Dos Magos #B
16 Rua Encosta Dos Magos #B
16 Rua Encosta Dos Magos #B
16 Rua Encosta Dos Magos #B
16 Rua Encosta Dos Magos #B
16 Rua Encosta Dos Magos #B
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$ 1,590,000
Est. payment | /mo

1,415 SqFt


$ 1,590,000
Est. payment | /mo

1,415 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,415 sqft

Price per Sqft $1,123

MLS Listing ID B26026997

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 1415

Year Built 2023

Annual Tax Amount $517

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Triplex

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.

Location

County Other

Area 5990 - International

Zoning Residential

Rooms

Other Rooms Pergola

Interior

Interior Features InteriorFeatures

Heating Zoned

Cooling Central Air, Ceiling Fan(s)

Flooring Ceramic Tile, Marble, Wood

Fireplace No

Exterior

Exterior Feature Balcony, Garden, Outdoor Kitchen, Outdoor Living Area

Utilities Available Cable Connected, Natural Gas Available, None, Water Not Available

View Y/N Yes

Water Access Desc Public

View Ocean

Roof Type Concrete

Accessibility None

Porch Open, Patio, Terrace, Balcony, Rooftop

Total Parking Spaces 1

Private Pool No

Building

Lot Description < 1/4 Acre

Dwelling Type Triplex

Story 3

Entry Level Three Or More

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Additional Building Pergola

Structure Type Concrete,Stucco

New Construction No

Construction Status Resale

Others

Senior Community No

Restrictions No Restrictions

Tax ID 1943b

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/16-Rua-Encosta-Dos-Magos-B/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Viktoriia Volynets LoKation

NEARBY SCHOOLS & PROPERTIES

Jody Boettge

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(561) 222-7510

jody@propertyreveal.com

Jupiter, Florida 33458, United States

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16 Rua Encosta Dos Magos #B