16 Rua Encosta Dos Magos # B
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Description of 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.
Property Details for 16 Rua Encosta Dos Magos # B
- Flooring
- Ceramic Floor, Marble, Wood
- Heating
- Zoned
- Cooling
- Ceiling Fan(s), Central Air
- Pool Private
- No
- Year Built Details
- Resale
Building Information for 16 Rua Encosta Dos Magos # B
- Building Area Total
- 1415
- Building Area Units
- Square Feet
- Stories
- 3
- Stories Total
- 3
- Association
- No
- Pets Allowed
- No, Yes
Property Information for 16 Rua Encosta Dos Magos # B
- Lot Features
- Less Than 1/4 Acre Lot, Less Than 1 Acre
- Lot Size Square Feet
- 3,200
- Waterfront
- No
- View
- Ocean, Direct Ocean, Ocean View
- Construction Materials
- Concrete Block Construction, Stucco
- Roof
- Concrete
- Exterior Features
- Open Balcony
- Sewer
- Public Sewer, Public Sanitation, Sewer
- Water Source
- Public
- New Construction
- No
Public Records for 16 Rua Encosta Dos Magos # B
- Parcel Number
- 1943b
- Tax Annual Amount
- $517
- Tax Year
- 2,025
- Tax Legal Description
- Fração autónoma B, prop. horizontal, CRP Santa Cruz nº 1943, Caniço. Lic. Util. 58/2023. Moradia T3, 3 suites, logradouro priv.
- Zoning
- Residential
- County Or Parish
- Other Florida County
More information about 16 Rua Encosta Dos Magos # B
16 Rua Encosta Dos Magos # B is a multi-family home for sale in FL. This property was listed for sale on May 11, 2026 by LoKation, it's currently listed at $1,990,000. This listing's school district is Other Florida County Public Schools. 16 Rua Encosta Dos Magos # B is a 0-bath, 1,415 sqft multi-family home built in 2023.