Price Drop

Wonderful traditional estate in Funchal: an unmissable opportunity!

2 500 000 €

10

Bedrooms

4

Bathrooms

315 m2

of area

Discover this unique gem located in Funchal, specifically in the parish of Imaculado Coração de Maria.

Just a 10-minute drive from the center of Funchal, this property provides the perfect backdrop to turn your dreams into reality. If you're considering developing a tourism project, a boutique hotel, or a park/tourist attraction garden in Funchal, know that this is the ideal property.

Quinta Olavo, built in 1830, is a century-old relic that has stood the test of time, passing through generations of noble German families. Its original architecture remains untouched, and the main house has retained its grandeur for almost 200 years.

This unique property harbors exotic species of century-old trees, unique to Madeira and brought from all corners of the world, along with a profusion of endemic flowers.

Given its vast area of 38,362 m2 (almost 4 hectares) and its truly breathtaking location, this land is a viable investment option for constructing a hospitality unit. Its panoramic view provides a spectacular backdrop of Funchal's amphitheater-like cityscape.

The flat dimensions of the land facilitate the construction process, and according to the PDM (Municipal Master Plan of Funchal), it is classified as "Medium Density."

Access to Quinta is convenient, accessible through Funchal's main roads. It can also be reached from the top of the land, via the main street.

This fabulous property represents an exceptional and unique investment opportunity. Don't miss the chance to explore all that it has to offer. Schedule your visit today!

In addition to helping you find your new home, we are also available to assist you with the process of obtaining the Golden Visa or D7 Visa, making your move to Madeira even easier. We also offer cryptocurrency investment options throughout Madeira through Century21 Garden, to maximize your real estate investment.

We emphasize that we are credit intermediaries duly registered with the Bank of Portugal - Registration no. 6917. We are qualified to offer the best housing credit conditions for you.

  • Price: 2 500 000 €
  • Status: Needing Total Refurbishment
  • Net area: 315m2
  • Gross area: 400m2
  • Plot Area: 38362m2
  • Bedrooms: 10
  • Bathrooms: 4
  • Construction Year: 1830
  • Energy Certificate: D
  • Reference: C0456-00112

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CLÁUSULAS E REGRAS, LDA., AMI: 19541
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