Triplex for sale
$1,590,000
16 Rua Encosta Dos Magos #BFL
- 1,415 Sq ft
- 3,200 Lot sq ft
- 2023 Built
About this home
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.
Details
- MLS #
- B26026997
- Property type
- Triplex
- Status
- Active
- Days on market
- 165
- County
- Other Florida County
- Property taxes
- $517 (2025)
- Waterfront
- No
- Private pool
- No
- View
- Ocean, Direct Ocean, Ocean View
- Cooling
- Ceiling Fan(s), Central Air
- Exterior features
- Open Balcony
Estimated payment
$8,083/mo with 20% down at 6.5% for 30 years, including taxes, before insurance.
Adjust in the mortgage calculatorListing courtesy of LoKation · Viktoriia Volynets. Listing last updated October 23, 2026 4:14 PM.
