Plot with Two Houses to Renovate, Seafront

Back\ Plot with Two Houses to Renovate, Seafront - Madalena do Mar - Ilha da Madeira, Ponta do Sol

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Plot with Two Houses to Renovate, Seafront - Madalena do Mar 1.150.000 € Ref: Q2535

187 m²

1110 m²

This is a fantastic investment opportunity on Madeira's south coast, featuring a 1,110m² seafront plot right in the heart of Madalena do Mar, Ponta do Sol. The property includes two two- story villas, both with direct ocean views, making them perfect for renovation and redevelopment.

The first house, located on Avenida 1º de Fevereiro, has a garage and direct road access. The second house is on a higher part of the land, offering even more impressive panoramic views of the sea and the surrounding landscape.

As urban land, the plot benefits from attractive building allowances, allowing for residential development up to a ratio of 0.7, and tourist projects up to 1.5- offering great potential for either an exclusive tourist venture or a luxury seaside retreat.

Madalena do Mar is known for its peaceful atmosphere, mild climate, beautiful natural surroundings, and excellent local cuisine, making this location highly desirable.

If you're seeking a property with excellent development potential right on the sea, this opportunity should not be missed.

Please contact us for more information or to arrange a viewing.

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