House for sale in Funchal

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10 room luxury House for sale in Funchal, Madeira

Heritage, Exclusivity, and Extraordinary Development Potential Discover a truly exceptional and extremely rare opportunity in Funchal: a magnificent, listed historic mansion set on a spacious and prime 3,440 m² lot in one of the city's most iconic and prestigious neighborhoods. More than just a property of high heritage value, this estate stands out for its extraordinary potential for appreciation and expansion, combining the possibility of renovating the existing historic building with significant potential for new construction on the surrounding land. A Unique Heritage Property with Room to Grow The mansion currently features a net floor area of 399.5 m² and a total gross floor area of 435.5 m², spread across four floors. The property retains remarkable architectural and historical richness, with large windows, elegant balconies, authentic ornamental elements, and spacious, light-filled rooms, including four bedrooms. Its renovation will restore the full splendor of a period residence, while incorporating contemporary comfort, functionality, and high standards. However, the true distinguishing feature of this opportunity lies in the land's enormous potential for additional construction. According to a recent consultation/PIP, and subject to confirmation of the applicable urban planning parameters and the necessary approvals, the existing urban planning framework may allow for the construction of two residential buildings complementary to the mansion, one on each side of the current historic building. This possibility adds an extraordinary dimension to the investment: in addition to the enhancement and restoration of the existing heritage, the spacious lot could allow for the creation of a new, high-quality residential development, while maintaining the mansion as the central and defining element of the entire complex. It is, therefore, a property with characteristics that are particularly hard to find on the market: a historic building with a striking architectural presence, generously sized land, and potential for additional construction that could multiply the value and range of uses for the entire complex. A Project with Multiple Possibilities Given its size, location, and layout, this property could be adapted to various development concepts, ranging from an exceptional private residence—complemented by new structures—to a prestigious residential project or a mixed-use solution, while always preserving the character and identity of the historic mansion. The possibility of integrating the existing building with new structures could allow for the creation of an exclusive residential complex, featuring contemporary architecture carefully harmonized with the existing heritage, gardens, private outdoor spaces, and a high quality of life. The potential, therefore, lies not only in the 435.5 m² of existing floor area but, above all, in the possibility of adding new construction to the complex, in accordance with applicable urban planning regulations and the results of the consultation/PIP process. Privacy, Location, and Prestige Fully fenced, the property offers privacy, tranquility, and security—features that are increasingly valued in a central and exclusive location. Its prime location allows for quick access to downtown Funchal, shops, services, schools, restaurants, and major thoroughfares, combining urban convenience with the scale and secluded atmosphere of an exceptional property. A Rare Opportunity in Funchal's Real Estate Market This is not merely a historic mansion. It is an opportunity to acquire heritage, land, and development potential all in one asset, in a prime location. The combination of the existing building's historical value, the exceptional size of the 3,440 m² lot, and the potential for additional residential construction suggested by the recent PIP/consultation gives this property truly exceptional potential for appreciation and development. An opportun