Global New Developments
Juwai Commercial
Juwai LUXE
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This fantastic estate, known as an idyllic haven in the city of Funchal, offers panoramic views over the sea and the bay. Originally built in 1860, the property was last restored in 2018. During the renovation, special care was taken to preserve the historical appearance and charm of the building. The estate comprises the main house and two independent studio units. Just two kilometers from the center of Funchal, the main house features an entrance hall connecting to the dining and living rooms, a cozy corner adapted as a study, a modernized kitchen maintaining its original character, a pantry, one bedroom, and a full bathroom on the ground floor. Upstairs are three bedrooms (one converted into a spacious walk-in closet and another into a lounge/office), a large bathroom with both shower and bathtub, and a suite on the top floor with access to a fantastic balcony offering breathtaking sea and bay views. The main house also includes a large basement with "cat flap" style windows, providing a generous storage area, laundry room, and space with potential for a wine cellar. Outside, there is an annex converted into an independent studio with a private dining area. Access to the gardens and heated pool can be made via a grand staircase or an elevator. The exotic gardens are well maintained and surround another independent annex converted into a one-bedroom apartment, preserving its original ceiling arch. This space also includes an exterior bathroom with a shower, a heated pool, and a vegetable garden. The property offers parking for two cars. Located on a historic site once served by the old Funchal train line, the house has weathered many storms while retaining its authentic character and soul. It is a true retreat of charm, ideally situated just minutes from the city center, yet offering the peace and views of a traditional Madeiran hideaway. In addition to its historical and architectural value, the property currently boasts excellent rental income, making it an attractive opportunity for both tourism investment and permanent residence with additional income potential.
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Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.
