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950 000 €
Building in São Martinho, FunchalFunchal, Ilha da Madeira
Building in São Martinho with 3 400 m²
3 400 m²
Energy efficiency
Location: Pena, Funchal, Madeira Built Area: 399 m² Land Area: 3,440 m² Property Description: We present this exceptional 3-story house, situated in the prestigious area of Pena, in Funchal, the most sought-after street on the island of Madeira. With a stunning view over Funchal Bay, this property offers a unique and charming setting, perfect for those who value the tranquility and natural beauty of Madeira. The house, currently suitable for renovation, has a project that allows the conversion of the space into up to 9 apartments with the possibility of creating parking spaces below, distributed as follows: 1 One-bedroom apartment (T1) 2 Two-bedroom apartments (T2) 3 Three-bedroom apartments (T3) 1 Four-bedroom apartment (T4) Property Highlights: Panoramic View: The elevated location provides unparalleled views of Funchal Bay, making every sunset an unforgettable experience. Project: The possibility of conversion into multiple residential units offers excellent investment potential, ideal for real estate development or as a multifamily property. Spacious Land Area: With a land area of 3,440 m², there is ample space for gardens, leisure areas, and other amenities that can complement the apartments. This is a rare opportunity to acquire a property with so much potential in one of the most coveted areas of Funchal. If you are looking for an investment with guaranteed returns or a place to create a luxury residence, this house in Pena is the perfect choice.