Plot with 2 houses to renovate, facing the sea

Back\Plot with 2 houses to renovate, facing the sea – Madalena do Mar - Ilha da Madeira, Ponta do Sol

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Plot with 2 houses to renovate, facing the sea – Madalena do Mar 1.150.000 € Ref: Q2535

187 m²

1110 m²

Investment opportunity on the south coast of Madeira: a 1,110 m² plot of land located in the central area of Madalena do Mar in the municipality of Ponta do Sol. The plot includes two two-storey houses with direct ocean views, which are ideal for renovation and expansion.

The first house is located on Avenida 1º de Fevereiro and has a garage with direct road access. The second house is situated at a higher elevation on the plot, offering an even more panoramic view of the sea and the surrounding landscape.

Classified as urban land, the plot benefits from attractive building indices.
• Residential development up to 0.7
• Tourist development up to 1.5

It is perfect for either an exclusive tourist development or a luxury seaside retreat. The area is appreciated for its tranquillity, mild climate, proximity to nature, and excellent local cuisine.

Main features:
– Seafront
– Urban plot of 1,110 m²
– Two houses to restore
– Panoramic views
- High construction potential
– Central location in Madalena do Mar

If you are looking for a property with high appreciation potential by the sea, look no further.

Schedule your visit now. Contact us for more information.

Property Type House

Typology 2 Bedrooms

Objective Sell

Condition To be recovered

Price 1.150.000 €

Year of Construction N/A

Country Portugal

District Ilha da Madeira

County Ponta do Sol

Parish Madalena do Mar

Zone Madalena do Mar