Land for sale in Funchal (Santa Luzia)

Santa Luzia, Funchal. A 2,317 m² plot with approved architectural plans for four luxury villas, all with sea views.

The property is the result of combining two adjoining buildings on Rua da Pena, on one of the most sought-after slopes in Funchal, a few minutes from the historic centre, the Sé and the marina, with direct access to the city's main roads. The natural slope of the land is its greatest asset: it gives each of the four units an open view over the bay and the ocean, without the villas overlapping one another.

The approved project provides for four independent villas under a propriedade horizontal regime, with gross construction areas between 157.30 m² and 317.65 m² and usable areas between 162.40 m² and 233.00 m², totalling 811.20 m² of usable residential area. They are laid out over two floors above the cota de soleira and one underground level, the latter used for basement parking of 517.15 m² between the villas. A further 50.25 m² of covered porches and three visitor parking spaces are included.

Each villa has a swimming pool and a private garden, totalling 601.90 m² of outdoor areas. The footprint is just 668.10 m², or 29% of the plot, which ensures distance between volumes, privacy and generous garden space in every unit. The approved building volume is 2,459.20 m³, with a building height of 9 metres.

The plot also includes a small existing structure, to be demolished, which is already accounted for in the project.

A rare opportunity in Funchal, combining scale, sea views and an approved project in one asset, ready to proceed.