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.
Energy Rating: E
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