Land for sale in Ilha da Madeira

Key Highlights 📍 Prime location in Santo António , in a quiet and established residential area of Funchal. ☀️ Excellent sun exposure , providing natural light throughout the day. 🛣️ Direct access and quick connection to the expressway , offering excellent accessibility to Funchal city centre and other areas of the island. 🏗️ Effective building index of 0.90 , allowing significant development potential and construction of up to 6 floors . 📐 Possibility of reaching up to 7 floors , subject to exceptional approval from Funchal Municipal Council (CMF) . 📋 Approved project dated 16 April 2025 , providing for a single-storey T2 villa at road level and two T0 units to the north of the villa. 🔄 Previous T3 villa project filed with the CMF , which may potentially be reactivated, offering an additional development option. A Plot with Multiple Development and Investment Opportunities With 800 m² , this plot offers significant potential for residential investment in one of Funchal's established residential areas, combining several highly attractive features for those looking to develop a property project with strong potential for appreciation. Its excellent sun exposure , direct access and proximity to the expressway provide convenient accessibility and comfortable living conditions, making the location suitable both for private residential use and investment purposes. The effective building index of 0.90 allows for substantial development potential, with construction permitted up to 6 floors and, subject to exceptional approval from Funchal Municipal Council, potentially up to 7 floors . This provides interesting flexibility for different development strategies. The property also benefits from an approved project dated 16 April 2025 , which includes a single-storey T2 villa at road level and two T0 units to the north of the property . This approved scheme can serve as a starting point for a project aimed at private residence, long-term rental or the development of multiple independent units. There is also a previous project for a T3 villa , currently filed with the CMF, which may potentially be reactivated, providing an additional option to explore. An excellent opportunity with strong development and appreciation potential, ideal for investors and property developers seeking a well-located plot in Funchal, with previously developed projects and multiple possibilities for future use.