16 Rua Encosta Dos Magos B, (MLS# B26026997)

16 Rua Encosta Dos Magos B,

New Listing

$1,990,000

Virtual Tour

https://www.propertypanorama.com/16-Rua-Encosta-Dos-Magos-B/unbranded

Property Type: Residential Income Square Footage: 1,415 Status: Active

Current Price: $1,990,000 List Date: 5/11/2026 Last Modified: 5/12/2026

Overview

Description

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.

Listing Details MLS# B26026997

General Property Information

Number Of Units Total: 3
Property Sub Type: Triplex
Building Area Main: 1415
Building Area Source: Owner
Living Area Main: 1415
Living Area Source: Owner
Accessibility Features YN: No
Year Built: 2023
Parking Total: Yes
Gated Community YN: No
Lot Size Area: 3200
Lot Size Acres: 0.07
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 3
Stories: 3
Pool Private YN: No

Property Features

Documents Available: Other Exterior Features: Garden; Outdoor Kitchen; Private Rooftop Terrace Flooring: Ceramic Tile; Marble; Wood Foundation Details: Block Property Condition: Resale Special Listing Conditions: Standard Structure Type: Triplex Tenant Pays: None Construction Materials: Concrete; Stucco Cooling: Ceiling Fan(s); Central Air Heating: Zoned Listing Terms: Cash; Conventional Other Structures: Pergola Pets Allowed YN: No Possession: Negotiable Restrictions: No Restrictions Roof: Concrete Sewer: Public Sewer Tax Information: No Homestead; Tax Reflects No Exemptions Utilities: Cable Connected; Natural Gas Available; Water Not Available; None Water Source: Public Water View: Ocean Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service Outdoor Living Spaces: Balcony; Patio; Terrace Balcony Details: Balcony - Open Patio Details: Patio - Open Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 1 Parking Features: Automatic Garage Door Opener; Parking Space Unit 1 Rooms: Family Room; Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 2 Parking Features: Automatic Garage Door Opener; Parking Space Unit 2 Rooms: Family Room; Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1990000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: Portugal
County Or Parish: Other
County Parish Name: Santa Cruz
Street Number: 16
Street Name: Rua Encosta Dos Magos
Unit Number: B
City Name: Caniço
Postal Zip: 9125-216
Area: 5990 - International
Geographic Area: Other
Special Assessment YN: No
Parcel Number: 1943b
Zoning: Residential

Financial Information

Master Association YN: No
Tax Annual Amount: 517
Tax Year: 2025
Tax Legal Description: Fração autónoma B, prop. horizontal, CRP Santa Cruz nº 1943, Caniço. Lic. Util. 58/2023. Moradia T3, 3 suites, logradouro priv.
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-05-11T18:14:32Z
Major Change Type: New Listing
Status Change Date: 2026-05-11

More Information

Meter Information

Separate Electric Meters YN: No
Separate Gas Meters YN: No
Separate Water Meters YN: No

Income and Expenses

Annual Total Expense: 53395
Gross Income: 194102
Net Operating Income: 140706

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Actual Rent: 5136
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 472

Unit 1 Lease Description

Currently Leased YN: No

Unit 1 Parking Details

Carport YN: No
Garage YN: Yes
Attached Garage YN: Yes

Unit 2 Details

Actual Rent: 5531
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 472

Unit 2 Lease Description

Currently Leased YN: No

Unit 2 Parking Details

Carport YN: No
Garage YN: Yes
Attached Garage YN: Yes

Unit 3 Details

Actual Rent: 5508
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 472

Unit 3 Lease Description

Currently Leased YN: No

Price Calculations

Current Price To SqFt: 1406.36

Originating Details

Originating System Key: 20260502013206996721000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Garden: Yes
Outdoor Kitchen: Yes
Private Rooftop Terrace: Yes

Flooring

Ceramic Tile: Yes
Marble: Yes
Wood: Yes

Foundation Details

Block: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Other: Yes

Structure Type

Triplex: Yes

Tenant Pays

None: Yes

Other Structures

Pergola: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Connected: Yes
Natural Gas Available: Yes
Water Not Available: Yes
None: Yes

Heating

Zoned: Yes

Water View

Ocean: Yes

Construction Materials

Concrete: Yes
Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Concrete: Yes

Water Source

Public: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Showing Service: Yes

Pets Allowed YN

No: Yes

Restrictions

No Restrictions: Yes

Tax Information

No Homestead: Yes
Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Balcony: Yes
Patio: Yes
Terrace: Yes

Balcony Details

Balcony - Open: Yes

Patio Details

Patio - Open: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes
Window Coverings: Yes

Unit 1 Parking Features

Automatic Garage Door Opener: Yes
Parking Space: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes
Window Coverings: Yes

Unit 2 Parking Features

Automatic Garage Door Opener: Yes
Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Unit 2 Rooms

Family Room: Yes
Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Documents

Energy Performance Certificate (Class B) ›

Listing Office: LoKation

Last Updated: May - 12 - 2026

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