Triplex in 16 Rua Encosta Dos Magos B for sale with MLS# B26026997
Madeira's premier income-producing villa: legally ONE moradia (fração B) operated as 3 short-term suites - Crystal (Z56,728/yr), Amber (Z52,674/yr), Pearl (Z56,497/yr) with rooftop outdoor kitchen + 360° ocean views. 2025 actuals: Z165,899 / $194,102 gross at ~94% occupancy; Z120,262 / $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.
16 Rua Encosta Dos Magos B
- Price:
- $1,990,000.00
- Original List Price:
- $1,990,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $1,406.36
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Triplex
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- May 11, 2026 6:14 pm
- Living Area:
- 1,415 Sqft
- Built-Up Area:
- 1,415 Sqft
- Building Area Source:
- Owner
- Living Area Source:
- Owner
- Lot Size Acres:
- 0.07
- View from the Property:
- Ocean
- Waterfront:
- No
- Exterior:
- Balcony, Outdoor Kitchen, Garden, Private Rooftop Terrace
- Patio and Porch:
- Patio, Patio - Open, Terrace
- Other Structures:
- Pergola
- Air Conditioning
- Air Conditioning System:
- Central Air, Ceiling Fan(s)
- Heating
- Heating System:
- Zoned
- Balcony Details:
- Balcony - Open
- Year Built:
- 2023
- Roof:
- Concrete
- Number of Units Total:
- 3
- Levels:
- Two
- Construction Materials:
- Stucco, Concrete
- Flooring:
- Wood, Marble, Ceramic Tile
- Number of stories:
- 3
- Structure Type:
- Triplex
- Number of Units in the Community or Building:
- 3
- Stories:
- 3
- Foundation Details:
- Block
- Property Condition:
- Resale
- Tax Annual Amount:
- $517.00
- Tax Year:
- 2025
- Property Tax Details:
- No Homestead, Tax Reflects No Exemptions
- Sewer:
- Public Sewer
- Utilities Available:
- None, Natural Gas Available, Water Not Available, Cable Connected
- Water Source:
- Public
- Senior Community:
- No
- Restrictions:
- No Restrictions
- Documents Available:
- Other
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
- Negotiable Seller Concessions
- Tax Legal Description:
- Fração autónoma B, prop. horizontal, CRP Santa Cruz nº 1943, Caniço. Lic. Util. 58/2023. Moradia T3, 3 suites, logradouro priv.
- Real Estate Folio Number (Parcel Number):
- 1943b
- Zoning:
- Residential
- Active on the market since:
- May 11, 2026
- Listing Agreement executed on:
- May 11, 2026
- Listing Status Last Changed On:
- May 11, 2026 6:14 pm
- Photos updated on:
- May 11, 2026 7:05 pm
- Last Modified:
- July 14, 2026 10:36 am
- Courtesy of:
- LoKation
- Attribution:
- Not provided
- Street Name:
- Rua Encosta Dos Magos
- Street Number:
- 16
- Unit Number:
- B
- State:
- Sardinia
- County:
- Other
- Latitude:
- N32° 38' 38.2''
- Longitude:
- W17° 10' 6.2''
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