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0 Baths
1,415 sqft

$1,590,000

16 Rua Encosta Dos Magos # B

Price per sqft$1,123.67
Built in2023
Property size1,415 sqft
Property typeMulti-family

Overview

Active

Listed May 11, 2026

Updated 2 min ago

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.

$10,578/mo

Est. mortgage payment based on a $1,590,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
B26026997

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$517
Tax Frequency
Annually
View
Yes
Pets Allowed
Yes
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Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2026 Miami Association of REALTORS® all rights reserved. 

Data last updated 8:16 AM UTC, 10/8/2026.

Listed by:  LoKation, 954-545-5583

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