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- 3550 South Ocean
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-
Legal Description:
ARRAY
-
Listed On:
May 11, 2026 -
Days on Market:
33 -
Year:
2023 -
Taxes:
$517 per year -
Floor Description:
Ceramic Floor, Marble, Wood -
Occupancy:
-
Zoning:
-
Parking:
16 Rua Encosta Dos Magos #B, 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.
For Sale Details
- Floor Description
Ceramic Floor, Marble, Wood
- Heating Description
Zoned
- Net Operating Income
140706
- Photo Count
52
- Property Type
Residential Income
- Terms Considered
All Cash, Conventional
- Year Built
2023
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