Income-Producing Villa with Ocean
16 Rua Encosta Dos Magos, , FL, FL
New
- Added:
- May 11, 2026
- Days on Market:
- 4
- Last Refresh:
- May 14 at 9:06 pm
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 2
- Patio and Porch features
- Patio
- Exterior features
- Balcony, Garden, Outdoor Kitchen, Private Rooftop Terrace
- Standard status
- Active
- APN
- 1943b
- Size
- 1,415 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Frao autonoma B, prop. horizontal, CRP Santa Cruz no 1943, Canico. Lic. Util. 58/2023. Moradia T3, 3 suites, logradouro priv.
- Tax Annual Amount
- 517
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Zoned
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Wood, Marble, Tile - Ceramic
- Building materials
- Concrete, Stucco
- Roof type
- Concrete
- Additional Structures
- Pergola, Outdoor Kitchen
Listing agent Viktoriia Volynets License #3474750 (754) 317-1121
Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL (954) 545-5583
Listing date May 11, 2026
MLS# B26026997
Listing URL
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Income‑Producing Property: Proven short‑term rental income of $194,102 gross in 2025 with a 7.07% cap rate.
- Modern 2023 Construction: Newly built villa with Class B energy rating.
- Three Self‑Contained Suites: Configured as three fully furnished 1BR/1BA suites, each with a kitchenette and private terrace.
- Rooftop Outdoor Kitchen & 360° Ocean Views: Features a private rooftop terrace with an outdoor kitchen and panoramic ocean views.
- Legally Operated with Alojamento Local License: Registered and operating under ONE license as three suites via reversible partitions.
- Prime Location: Situated in Canico, just 8 km east of Funchal.
Overview
This income-producing villa, legally ONE moradia, is operated as three short-term rental suites: Crystal, Amber, and Pearl. The property features a rooftop outdoor kitchen and 360-degree ocean views. In 2023, the actual gross income was $194,102 with approximately 94% occupancy, resulting in a net operating income of $140,706, representing a 7.07% cap rate at the list price. Constructed in 2023, the building has a Class B energy rating. Each suite includes one bedroom, one bathroom, is fully furnished, and has a kitchenette and private terrace. The total property size is 1,415 square feet with 3 bedrooms and 3.5 bathrooms. The property is located in Canico, 8 km east of Funchal, and is registered under Alojamento Local RNAL #160289. The property is operated as three suites via reversible partitions under ONE AL license. The lot size is 0.07 acres. The property is intended for short term rental, multifamily, and residential income purposes.
Location Intelligence
Current Use by Public Records
Short term rental ...
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Villa operated as 3 short-term rental suites with high occupancy.
Where is this short term rental property located?
The property is located at FL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: High Income‑Producing Property: Proven short‑term rental income of $194,102 gross in 2025 with a 7.07% cap rate.; Modern 2023 Construction: Newly built villa with Class B energy rating.; Three Self‑Contained Suites: Configured as three fully furnished 1BR/1BA suites, each with a kitchenette and private terrace.
