Land for sale in Santa Cruz, Portugal — €2,975,000

About this land

(Ref.: 04711 - PREDIFUNCHAL | PFIMOBILIARIA)Ref.: 04711Description:LAND WITH DIRECT ACCESS TO THE SEAWell-located land in Atalaia, Caniço, in a quiet area with a wonderful sea view.With an area of 8,510m2, ideal for building luxury villas with sea access.Ideal for 11 luxury lots to resell between €325,000 and €375,000.Or €1,950,000 with a finished house, 50% now and the rest after completion.Cost examples:- Houses with 250m2- €2,500/m2 cost price. €625,000 per house.- Approximate cost for the developer of €950,000 per luxury villa, including the land.Thi (Ref.: 04711 - PREDIFUNCHAL | PFIMOBILIARIA)Ref.: 04711Description:LAND WITH DIRECT ACCESS TO THE SEAWell-located land in Atalaia, Caniço, in a quiet area with a wonderful sea view.With an area of 8,510m2, ideal for building luxury villas with sea access.Ideal for 11 luxury lots to resell between €325,000 and €375,000.Or €1,950,000 with a finished house, 50% now and the rest after completion.Cost examples:- Houses with 250m2- €2,500/m2 cost price. €625,000 per house.- Approximate cost for the developer of €950,000 per luxury villa, including the land.This will yield approximately €4,575,000, about €3,000,000 for land acquisition, plus €75,000 for project and permits, and €1,500,000 to start construction with around 80% financing.With this basis, it is easy to see the investment potential.Anything above €950,000 per house is profit, considering a construction cost of €2,500/m2, which offers an excellent margin and luxury quality!Features include:- Private sea access- Saltwater pools- Social and coworking areas- 24/7 assistance via internet or phone- Tennis court- Mini golf- Multi-sport field- Reading room- Cigar room- And more(1,000m2 of common areas on the cliffside, terraced and integrated into the mountain).We can develop the entire project together at the studio. For this, contact the person responsible for this land, Architect Ricardo Silva [hidden information].Don’t miss this opportunity.For more information, photos, or visits, visit one of our real estate offices:- Estrada Monumental, Edf. Roda Mar, shop 241-B (in front of the main Fórum entrance, taxi square side), Tel [hidden information]Hours: Monday to Friday from 9:30 AM to 1 PM and 2 PM to 6:30 PM.- Rua Dr. Fernão Ornelas nº43 (in front of BPI), Funchal. Tel. [hidden information]Hours: Monday to Friday from 9:30 AM to 1 PM and 2 PM to 6 PMMore than 12,500 people have already said YES to PrediFunchal, your real estate agency since 1985.