Land for sale in Funchal, Portugal — €1,575,000

About this land

Original listing description, in Portuguese.

Santa Luzia, Funchal. A 2,317 m2 plot with an approved architectural project for four luxury villas, every one of them with sea views.The property brings together two adjoining plots on Rua da Pena, on one of the most sought-after slopes above Funchal, minutes from the historic centre, the cathedral and the marina, with direct access to the city’s main routes. The natural gradient of the land is its greatest asset: it gives each of the four units an open outlook over the bay and the Atlantic, with no villa overlooking another.The approved project provides for four independent villas held in horizontal property, with gross Santa Luzia, Funchal. A 2,317 m2 plot with an approved architectural project for four luxury villas, every one of them with sea views.The property brings together two adjoining plots on Rua da Pena, on one of the most sought-after slopes above Funchal, minutes from the historic centre, the cathedral and the marina, with direct access to the city’s main routes. The natural gradient of the land is its greatest asset: it gives each of the four units an open outlook over the bay and the Atlantic, with no villa overlooking another.The approved project provides for four independent villas held in horizontal property, with gross construction areas from 157.30 m2 to 317.65 m2 and usable areas from 162.40 m2 to 233.00 m2, totalling 811.20 m2 of usable living space. Each is arranged over two floors above ground and one below, the lower level given over to 517.15 m2 of underground parking between them. A further 50.25 m2 of covered terraces and three visitor parking spaces complete the scheme.Every villa has its own swimming pool and private grounds, across 601.90 m2 of landscaped outdoor space. The building footprint is just 668.10 m2, or 29% of the plot, which guarantees separation between the volumes, privacy and generous gardens throughout. Approved volumetry is 2,459.20 m³, with a building height of 9 metres.The land also includes a small existing structure to be demolished, already accounted for in the project.A rare opportunity in Funchal, combining scale, sea views and an approved project in a single asset, ready to move forward.