Opportunity – house with ocean view in Agua de Pena!
We offer for sale a detached house in a very attractive location of Agua de Pena (Machico) on the island of Madeira, with a beautiful open view of the ocean and the surrounding countryside.
Main benefits:
- panoramic view of the ocean (visible from the terrace and the plot)
- quiet residential area
- good accessibility (Machico / airport nearby)
- great potential for renovation or investment
- suitable for own living and short-term rental
Basic information:
Total plot area: approx. 1710 m²
Built-in area: approx. 150 m²
The property is listed as urban + rustic (mixed type)
The house is in its original condition, it is habitable, but it needs modernization/reconstruction (we can also provide it).
House layout: Living / dining area, several rooms, hallway, large terrace around the house, lower part of the house (possibility of further use / modification).
The land is sloping with vegetation with plenty of space for a garden, parking, possible expansion / other project – ideal for:
- reconstruction into a modern villa
- division into multiple units
- investment project (e.g. rentals – Airbnb / Booking)
The Agua de Pena location is a sought-after area due to its proximity to Machico (beach, services), quick access to the airport (approx. 5-10 min) as well as beautiful views and a quiet environment.
Due to the size of the land and location, the property has a very interesting investment potential:
- possibility of reconstruction into a luxury house with a view
- creation of multiple apartments
- combination of living + renting
Madeira is not just a place, it is a lifestyle. Come and discover the magic of this island and create your new home here!
We will be happy to arrange airport transfer, accommodation and property tours with a Czech guide.
Property price: €550,000, the price does not include a commission to the Czech agency in Madeira of 3% of the purchase price. The following costs must also be added to the price:
- Notary deed of €350,
- Registration at the cadastral office of approximately €350,
- Real estate acquisition tax (IMT) in Portugal according to the new law of May 2026, a total of 7.5% of the purchase price of the property,
- Annual real estate tax (IMI) depends on the assessment of the tax office, the location and position of the property.
VAT is not charged.
On the island of Madeira, we can realize any house, apartment, land, according to the individual wishes of the client.