$1,990,000
MLS# B26026997
1415 sqft
1 / 52
Property 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.
Details
Maps
Documents
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Seller Represented YN: Yes
Listing Date: 2026-05-11
Status: Active
Original List Price: 1990000
List Price: $1,990,000
Current Price: $1,990,000
Listing Service: Full Service
Location and Legal
County Or Parish: Other
County Parish Name: Santa Cruz
City Name: Caniço
Postal Zip: 9125-216
Geographic Area: Other
Special Assessment YN: No
Country: Portugal
Street Number: 16
Street Name: Rua Encosta Dos Magos
Unit Number: B
Area: 5990 - International
Parcel Number: 1943b
Zoning: Residential
General Property Information
Number Of Units Total: 3
Living Area Main: 1415
Living Area Source: Owner
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 1
Lot Size Area: 3200
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 3
Stories: 3
Pool Private YN: No
Property Sub Type: Triplex
Building Area Main: 1415
Building Area Source: Owner
Year Built: 2023
Lot Size Acres: 0.07
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
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.
Office/Member Information
DXORIGMLSID: RML
Exterior Features
Garden: 1
Outdoor Kitchen: 1
Private Rooftop Terrace: 1
Flooring
Ceramic Tile: 1
Marble: 1
Wood: 1
Foundation Details
Block: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Other: 1
Meter Information
Separate Electric Meters YN: No
Separate Gas Meters YN: No
Separate Water Meters YN: No
Structure Type
Triplex: 1
Tenant Pays
None: 1
Other Structures
Pergola: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Connected: 1
Natural Gas Available: 1
Water Not Available: 1
None: 1
Heating
Zoned: 1
Water View
Ocean: 1
Construction Materials
Concrete: 1
Stucco: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Concrete: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 53395
Gross Income: 194102
Net Operating Income: 140706
Cooling
Ceiling Fan(s): 1
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Showing Service: 1
Pets Allowed YN
No: 1
Restrictions
No Restrictions: 1
Tax Information
No Homestead: 1
Tax Reflects No Exemptions: 1
Outdoor Living Spaces
Balcony: 1
Patio: 1
Terrace: 1
Balcony Details
Balcony - Open: 1
Patio Details
Patio - Open: 1
Unit 1 Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 1 Details
Actual Rent: 5136
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 472
Unit 1 Lease Description
Currently Leased YN: No
Unit 1 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Window Coverings: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: Yes
Attached Garage YN: Yes
Unit 1 Parking Features
Automatic Garage Door Opener: 1
Parking Space: 1
Unit 1 Patio/Porch
Patio/Porch: 1
Unit 1 Rooms
Family Room: 1
Kitchen: 1
Laundry Room: 1
Unit 2 Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Details
Actual Rent: 5531
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 472
Unit 2 Lease Description
Currently Leased YN: No
Unit 2 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Window Coverings: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: Yes
Attached Garage YN: Yes
Unit 2 Parking Features
Automatic Garage Door Opener: 1
Parking Space: 1
Unit 2 Patio/Porch
Patio/Porch: 1
Unit 2 Rooms
Family Room: 1
Kitchen: 1
Unit 3 Details
Actual Rent: 5508
Baths Full: 1
Beds Total: 1
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
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-05-11T18:14:32Z
Major Change Type: New Listing
Status Change Date: 2026-05-11
Originating Details
Originating System Key: 20260502013206996721000000
Originating System ID: M00000170
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
Energy Performance Certificate (Class B) 
Listing Office: LoKation
Last Updated: July - 29 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
