Land for sale in Ilha da Madeira

2,850 sqm Developable Land in Funchal – Scale Opportunity for Residential Incorporation Prime real estate asset for Builders, Developers, and Investment Funds in Funchal. The land features three existing ruins, each with its own urban property registration matrix. We present one of the highest-potential land parcels currently available within Funchal's urban fabric. Spanning a total surface area of 2,850 sqm , this rustic land with developable status offers the necessary scale to execute a high-yield real estate project in the parish of Imaculado Coração de Maria . Technical Highlights and Value Drivers: Rare Scale and Volume: The 2,850 sqm dimension allows developers to dilute infrastructure costs and maximize Gross Construction Area (GCA)—a highly scarce feature in the Funchal municipality. High-Viability PDM Zoning: Classified under the Municipal Master Plan (PDM) as an Expansion and Infill Zone ( Zona de Expansão e Colmatagem ), the land possesses a natural aptitude for the construction of medium-density multi-family housing (apartment buildings). Guaranteed Panoramic Views & Premium Positioning: Located at an elevation that benefits from excellent sun exposure and unobstructed views over the city's amphitheater. This key differentiator ensures a significantly faster sales absorption rate in the residential market. Accessibility and Urban Connectivity: Situated in a peaceful and well-established residential area, strategically positioned just minutes away from the highway access node (VR1), Funchal city center, schools, hospitals, and major shopping areas.