A prime development opportunity in the sought-after Boa Nova neighborhood of Funchal, this spacious 2,195 m² urban plot offers versatile potential for both investors and private buyers. Located within a Peripheral Residential Area as defined by the Funchal Municipal Master Plan (PDM), it permits the construction of detached or semi-detached homes seamlessly integrated into the stunning landscape. The property features a two-storey ruin with significant renovation potential or the option for complete demolition to facilitate new construction, with existing structures streamlining planning procedures. Boasting unobstructed panoramic views of Funchal Bay and abundant sunlight, this tranquil yet conveniently situated locale is only minutes from major roads, schools, shops, and essential amenities. Infrastructure such as water, electricity, sanitation, and excellent road access are already established, enhancing the site's practicality and appeal. Located in a consistently appreciating area, this exceptional property combines natural beauty, strategic connectivity, and development flexibility—making it a secure investment in Madeira’s dynamic real estate market. Don’t miss the opportunity to explore this unique plot with stunning sea and mountain vistas.
Plot
Data source: https://www.rightmove.co.uk/properties/165262838?currencyCode=GBP#/?channel=OVERSEAS
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