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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
Courtesy of Viktoriia Volynets with LoKation

Overview

Active

Listed May 11, 2026

Updated 11h 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.

Other Property Details

Taxes
$517
Tax Frequency
Annually
View
Yes
55+/Senior Community
No

Also listed on RMLS & RAGFL

MLS provider logo

Courtesy of LoKation, Viktoriia Volynets,
Listing Contact: 754-317-1121 

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 10/13/2026. 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. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. 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.

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Data last updated 1:20 AM UTC, 10/13/2026

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