We present this exceptional 3-story house, situated in the prestigious area of Pena, in Funchal, the most sought-after street on the island of Madeira. With a stunning view over Funchal Bay, this property offers a unique and charming setting, perfect for those who value the tranquility and natural beauty of Madeira.
The house, currently suitable for renovation, has a project that allows the conversion of the space into up to 9 apartments with the possibility of creating parking spaces below, distributed as follows:
1 One-bedroom apartment (T1)
2 Two-bedroom apartments (T2)
3 Three-bedroom apartments (T3)
1 Four-bedroom apartment (T4)
Property Highlights:
Panoramic View: The elevated location provides unparalleled views of Funchal Bay, making every sunset an unforgettable experience.
Project: The possibility of conversion into multiple residential units offers excellent investment potential, ideal for real estate development or as a multifamily property.
Spacious Land Area: With a land area of 3,440 m², there is ample space for gardens, leisure areas, and other amenities that can complement the apartments.
This is a rare opportunity to acquire a property with so much potential in one of the most coveted areas of Funchal.
If you are looking for an investment with guaranteed returns or a place to create a luxury residence, this house in Pena is the perfect choice.
Energy Efficiency
- Energy ClassA++
Video
What's Nearby?
Restaurants
- Taberna Madeira (1.57 km)25 reviews
- Boho Bistrô (1.09 km)5 reviews
- 351 Bistro Bar (1.08 km)6 reviews
Park
- Parque de Santa Catarina (1.17 km)3 reviews
- Jardim Municipal (1.14 km)1 reviews
- Jardins do Garajau (4.59 km)1 reviews
Shopping Malls
- Fórum Madeira (1.97 km)4 reviews
Stores
- La Vie Funchal (1.06 km)6 reviews
- Pingo Doce (1.35 km)4 reviews
- Mercearia Avó Antonio (1.47 km)1 reviews
Bars
- Pub Number Two (1.18 km)6 reviews
- FX Restaurant & Sports Bar (1.21 km)3 reviews
- Madeira Beer Lab (1.45 km)2 reviews
Coffee Shops
- Barreirinha Bar Café (1.83 km)14 reviews
- Café do Teatro (1.17 km)4 reviews
- A Confeitaria (1.11 km)11 reviews
Grocery
- Pingo Doce (1.35 km)4 reviews
- Mercearia Avó Antonio (1.47 km)1 reviews
- Lista Diária (1.98 km)1 reviews