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620 000 €
Land in Santo António, FunchalFunchal, Ilha da Madeira
Land in Santo António with 2 954 m²
2 954 m²
Energy efficiency
Unique investment opportunity in Funchal. Plot of land measuring 2,594 m², located in Pilar, Santo António parish, with urban planning parameters already defined and constraints clarified by the Urban Planning Department of the Municipality of Funchal. The plot is intended for residential use and offers very interesting construction potential, with a covered area index of 0.50 and a maximum facade height of 9 meters (ground floor + 1st floor), also allowing for 1 basement floor. Its generous size and configuration make it ideal for the development of a condominium of semi-detached houses, one of the most sought-after housing products in the Madeiran market — with the possibility of developing 5 to 6 T3 houses, each with a private garden, garage and quality outdoor spaces. Alternatively, the plot also allows for the development of an apartment building, with capacity for approximately 20 units ranging from one-bedroom to two-bedroom apartments, making full use of the two open floors and the basement for parking and storage. Santo António is one of the most populous and well-served parishes in Funchal, with easy access to schools, shops, transport and services, in a predominantly residential and quiet environment — making this plot a premium option for real estate developers or investors looking to develop a landmark housing project in the Madeiran capital.