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Enrique Urdaneta

enrique.urdaneta@engelvoelkers.com +1(561) 245-0634

$ 1,990,000

Est. payment -/mo

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Active

16 Rua Encosta Dos Magos #B

1,415 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,415 sqft

Price per Sqft $1,406

MLS Listing ID B26026997

HOA Y/N No

Year Built 2023

Annual Tax Amount $517

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Triplex

Property Description

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.

Location

County Other

Area 5990 Global Outside Us

Interior

Heating Zoned

Cooling Central Air, Ceiling Fan(s)

Flooring Ceramic Tile, Hardwood, Marble, Wood

Exterior

Exterior Feature Balcony, Patio

Pool None

Utilities Available Cable Available, Natural Gas Available, None

View Y/N Yes

View Ocean

Roof Type Concrete

Porch Balcony, Open, Patio

Private Pool No

Building

Lot Description <1 Acre, < 1/4 Acre

Story 3

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Block,Stucco

Others

Pets Allowed No

Senior Community No

Restrictions No Restrictions

Tax ID 1943b

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/16-Rua-Encosta-Dos-Magos-B/unbranded

Miami Association of Realtors (SEFMIAMI MLS)

Listed by LoKation

Enrique Urdaneta

Advisor | License ID: 3308209

+1(561) 245-0634

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