495.000 €
2.964 €/m²
3 Zimmer
Grundfläsche 167 m²
Grundstücke 623 m²
Set on a quiet hillside overlooking Funchal, this property enjoys open views across the city and the Atlantic Ocean, including a privileged vantage point to experience the internationally renowned New Year’s Eve fireworks display. Positioned on a total plot of 730 sqm, the property combines increasingly rare features: privacy, excellent sun exposure, generous outdoor space, and additional development potential. It offers a balanced opportunity for both private residential use and investment. Layout and Character With a footprint of 107 sqm distributed over two floors, the house presents a functional layout with well-defined living and private areas. The living room is distinguished by a natural stone feature wall, adding texture and authenticity to the space. A traditional wood-fired oven further enhances the character of the property, creating the potential for a warm and inviting social area. Natural light and the connection to the outdoor areas contribute to a comfortable and relaxed atmosphere throughout the home. Outdoor Space and Development Potential The exterior extends across 623 sqm of uncovered area, including a courtyard, garden, and a designated barbecue area, ideal for outdoor living in a private setting. Within this area, there is also a 423 sqm plot, corresponding to a second urban article, which offers the possibility to be developed as a building plot with construction potential or transformed into a spacious private garden. This space allows for the creation of a distinctive outdoor environment, with potential for: A garden with existing fruit trees A vegetable garden or landscaped leisure area Extension of the existing house or additional construction (subject to feasibility) Any construction or development is subject to approval by the relevant authorities. Positioning and Opportunity The house requires modernization, presenting a clear opportunity to upgrade the property to contemporary standards and enhance its overall value. The combination of location, views, plot size, and development potential makes this property particularly appealing for: A primary residence with outdoor space and privacy A family home with scope for expansion Investors seeking capital appreciation and long-term rental potential Access Access to the property is via a short pedestrian path, with less than one minute of stairs, contributing to a quieter and more private environment. Location and Distances The property benefits from a strategic location, offering quick access to key areas of Funchal and the island while maintaining a peaceful residential setting: Funchal city centre - approximately 5 to 7 minutes Expressway access - approximately 5 minutes Madeira International Airport - approximately 15 to 20 minutes Monte (Church of Our Lady of Monte / Toboggan rides) - approximately 10 minutes Monte Palace Tropical Garden - approximately 10 minutes Supermarkets, pharmacies, and essential services - approximately 5 minutes Schools and childcare facilities - nearby The setting, combined with panoramic views over the city and the ocean, offers a balanced lifestyle between tranquillity, convenience, and long-term value. #ref:028_056