Income-Producing Villa with Ocean
16 Rua Encosta Dos Magos, FL
MULTI_FAMILY - Canico, FL
Property size:
1,415 SFLot size:
0.07 AcresPrice / SF:
$1,406/SF- Added:
- May 11, 2026
- Days on Market:
- 12
- Last Refresh:
- May 22 at 11:06 am
Property Features for 16 Rua Encosta Dos Magos
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, 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
- Tile - Ceramic, Wood, Marble
- 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 Villa: Proven short‑term rental income of $194,102 gross in 2025 with a 7.07% cap rate.
- Modern 2023 Construction: Newly built with Class B energy rating.
- Three Fully Furnished Suites: Each suite features 1 BR/1 BA, kitchenette, and private terrace.
- Rooftop Outdoor Kitchen with 360° Ocean Views: Unique amenity offering panoramic views.
- Legally Operated as Three Suites: Registered Alojamento Local (AL) with ONE license, simplifying management.
- Flexible Suite Configuration: Reversible interior partitions allow for adaptable suite layouts.
Overview
This income-producing villa, legally classified as one moradia, is operated as three short-term rental suites. The property features a rooftop outdoor kitchen and offers 360-degree ocean views. Built in 2023, the modern villa has a Class B energy rating. Each suite includes one bedroom, one bathroom, full furnishings, a kitchenette, and a private terrace. The suites can be configured with reversible interior partitions. The property totals 1,415 square feet and includes three bedrooms and 3.5 bathrooms. The property is located in Canico, 8 km east of Funchal, on a lot of approximately 0.07 acres. The property is registered under Alojamento Local RNAL #160289. The property is currently operating at approximately 94% occupancy.
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 - Modern villa in Canico operating as three short-term rental suites.
Where is this short term rental property located?
The property is located at 16 Rua Encosta Dos Magos 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 Villa: Proven short‑term rental income of $194,102 gross in 2025 with a 7.07% cap rate.; Modern 2023 Construction: Newly built with Class B energy rating.; Three Fully Furnished Suites: Each suite features 1 BR/1 BA, kitchenette, and private terrace.
