€445,000

Detached Stone House with Ocean Views on a Large Plot in a Peaceful Area of Funchal Imagine owning a property in Funchal where natural beauty meets everyday convenience. Surrounded by lush greenery and open skies, this detached stone house sits on an expansive 3,430 m² plot in a quiet residential area, offering privacy, tranquillity and remarkable development potential. Set along a shared access road with only six neighbouring homes and no through traffic, the setting ensures long-term peacefulness while remaining just 10 minutes from the heart of Funchal and approximately 30 minutes from Madeira International Airport. Daily amenities and popular attractions are close by, making this location both serene and practical. A Property with Flexible Development Potential This is not simply a house it is an opportunity. The existing stone structure is solidly built and thoughtfully positioned within the plot, leaving a substantial flat area to the front. This space is ideal for landscaped gardens, a swimming pool or jacuzzi, outdoor leisure areas, wellness facilities, guest accommodation or storage. You may choose to complete the current three-bedroom cottage by installing kitchen and bathroom fittings and flooring, finishing and decorating entirely to your own taste. Alternatively, the generous expansion allowance and balanced urban and rustic classification allow for the submission of development plans for a larger private residence, multi-unit building, boutique hotel or holiday retreat. Architectural and topographical studies clearly outline both the existing structure and the development possibilities. The official property registry reflects the original built size, and digital plans illustrate the current layout as well as a pre-authorised development scenario of up to 429 square metres. Scenic Views in Every Direction The house faces southwest, enjoying abundant natural light and open views. To one side, the ocean and cruise ship port; to the other, rolling green hills and forested mountains. Every angle offers a different perspective blending sea, city and nature into one exceptional setting. Generous space surrounds the house on both sides and to the rear, providing privacy, parking and further scope for enhancement. Planning & Technical Information This property is ideally suited to buyers looking to create a bespoke residence or investment project. The sale includes an extensive package of professional documentation, providing valuable technical information and reducing uncertainty during the planning process: Topographical Survey Architectural Survey Geotechnical Report Architectural Feasibility & Planning Analysis (PDM) Urban and Rustic Land Registration Documentation The existing structure is unfinished and differs from the original registered plans. For this reason, the property does not currently have a Utilisation Licence and is exempt from requiring an Energy Performance Certificate. Completion of the project will require a new architectural design, allowing the future owner to tailor the property to their own lifestyle and requirements, subject to the normal planning approval process. As the property is being sold in its current state, it is generally more suitable for cash buyers or purchasers using alternative financing, rather than conventional mortgage lending. From an investment perspective, the opportunity is supported by the underlying land value. The generous plot of almost 3,500 m² is estimated to be worth close to the asking price on its own, while the surrounding area is characterised by substantial high-quality homes. Current planning regulations for the area permit buildings of up to approximately 500 m² (subject to the relevant approvals), offering significant long-term potential. All available technical reports and documentation can be provided to genuinely interested buyers to support their due diligence. Character, Efficiency and Value Thick stone walls and a distinctive brick fireplace add warmth, charm and authenticity. A natural freshwater source on the plot supports garden irrigation, helping to reduce long-term operating costs. With its rare plot size in Funchal, ocean views, development flexibility and peaceful yet central location, this property represents excellent value for money and strong return on investment potential. Whether envisioned as a tranquil family home or a boutique tourist project in Madeira, this is a unique opportunity to create something truly special combining location, privacy, character and future potential. Winvicta - Your Gateway to the Best Properties in Madeira Madeira is one of Europe's hottest destinations for property investment. The best homes, villas, and apartments sell fast often before they appear widely online. At Winvicta, we are part of a network of collaborating agencies. We use advanced systems that gather all available listings across the island. Our clients get exclusive access to the best opportunities. Contact us today to simplify your search and secure your ideal property saving time, effort, and stress. Energy Rating: Exempt #ref:CAS 152 - CAS 152 - Winvicta Real Estate, Unipessoal Lda