Historic Mansion of Unique Charm in Funchal

€1,250,000

Funchal, Funchal

Residential House for sale in Funchal, 400 m²

Funchal, Funchal

€1,250,000

Ref:87124743
10Rooms
4Bed
4Bath
399.5
Type: Residential House

Description

Heritage, Exclusivity and Extraordinary Building Potential Discover a truly exceptional and extremely rare opportunity in Funchal: a magnificent classified historic mansion, set on a spacious and privileged plot of 3,440 m², in one of the city's most emblematic and prestigious areas. More than a property of high heritage value, this property stands out for its extraordinary potential for appreciation and expansion, combining the possibility of rehabilitating the existing historic building with significant potential for new construction on the surrounding land. A Singular Heritage with Space to Grow The mansion currently presents a useful construction area of 399.5 m² and a total gross area of 435.5 m², distributed over four floors. The property retains remarkable architectural and historical richness, with large windows, elegant verandas, authentic ornamental elements and spacious bright rooms, including four bedrooms. Its rehabilitation will allow recovery of the full splendor of a period residence, while integrating contemporary comfort, functionality and demanding standards. However, the true differentiating element of this opportunity lies in the enormous additional building potential of the land. According to what can be inferred from a recent consultation/PIP, and without prejudice to the confirmation of applicable urban planning parameters and necessary approvals, the existing urban planning framework may allow the construction of two complementary residential buildings to the mansion, one on each side of the current historic building. This possibility adds an extraordinary dimension to the investment: in addition to the appreciation and rehabilitation of existing heritage, the extensive land may allow creating new high-quality residential construction area, maintaining the mansion as the central and differentiating element of the entire complex. It is therefore a property with characteristics that are particularly difficult to find on the market: a historic building of great architectural presence, a land plot of generous dimensions and an additional construction potential that could multiply the value and possibilities of use of the entire complex. A Project with Multiple Possibilities Because of its size, location and configuration, this property could adapt to different development concepts, from an exceptional private residence, complemented by new constructions, to a prestigious residential project or a mixed-use solution, always safeguarding the character and identity of the historic mansion. The possibility of integrating the existing building with new constructions could allow conceiving an exclusive residential complex, with contemporary architecture carefully articulated with existing heritage, gardens, private outdoor spaces and high quality of life. The potential is therefore not only in the 435.5 m² of construction currently existing, but above all in the possibility of adding new construction to the complex, in accordance with the applicable urban planning framework and with what results from the consultation/PIP conducted. Privacy, Location and Prestige Completely enclosed, the property provides privacy, tranquility and security, characteristics increasingly valued in a central and exclusive location. Its privileged location allows quick access to Funchal's center, shopping, services, schools, restaurants and main traffic routes, reconciling urban convenience with the dimension and reserved environment of an exceptional property. A Rare Opportunity on Funchal's Real Estate Market This is not just a historic mansion. It is an opportunity to acquire heritage, land and building potential in a single asset, in an excellent location. The combination of the historic value of the existing building, the exceptional dimension of the 3,440 m² plot and the additional residential construction potential suggested by the recent PIP/consultation gives this property a truly unusual capacity for appreciation and development. An opportunity for those who know how to recognize the value of a property that can simultaneously be a piece of Madeira's history and the foundation for a residential project for the future. Come discover this unique mansion and unveil all the potential that its 3,440 m² can offer.

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