$4,252,028

Historic Property With Views Over Funchal And Potential For Boutique Hotel

  • 6 Beds
  • 5 Baths
  • 10,022 Sqft
  • 1.22 Ac lot
  • Updated: Today

About the Property

On Rua da Torrinha, just a few minutes from the centre of Funchal, Quinta da Cova offers a rare combination: a manor house with more than two centuries of history, extensive gardens and an elevated position with views over the city, the bay and the Atlantic.

With origins attributed to 1814-1815 and a historical connection to the British Miles family, this property is an opportunity for th
On Rua da Torrinha, just a few minutes from the centre of Funchal, Quinta da Cova offers a rare combination: a manor house with more than two centuries of history, extensive gardens and an elevated position with views over the city, the bay and the Atlantic.

With origins attributed to 1814-1815 and a historical connection to the British Miles family, this property is an opportunity for those looking to recover a prestigious residence in Madeira or develop a hospitality project with its own identity.

Inserted in an urban plot of approximately 4,900 m², the farm has 931 m² of gross construction area. The main residence, presented as T6, is spread over four floors and fifteen rooms. Its generous spaces and traditional elements wooden floors, worked ceilings, marble fireplaces and a south-facing arcaded balcony provide a distinctive basis for careful rehabilitation.

Outside, terraced gardens, large trees, basalt stone walls and paths made up of Madeiran pebble pavement make up a reserved environment in the middle of the city. The entrance through a vaulted tunnel and the existence of a secondary building reinforce the singular character of the complex.

A property with two exception vocations

For a private buyer, Quinta da Cova offers the possibility of creating a large urban residence, with reception spaces, guest accommodation and recovered gardens. A duly authorised intervention may integrate contemporary amenities, such as a swimming pool, private spa or wellness areas, preserving the architecture that distinguishes the property.

For investors and hotel operators, the combination of heritage, land, views and proximity to the centre provides an appealing basis for a luxury boutique hotel. The development proposal released includes 34 accommodation units, associating the recovery of the historic house with new areas of hospitality and services. The implementation of this program will depend on the confirmation of the licensing status and the applicable authorisations.

The property needs full recovery, allowing the future owner to define a new use and a positioning of his own, with the story and the gardens as central elements of the experience.

Investment strengths

- Urban land with approximately 4,900 m², close to the centre of Funchal.
- 931 m² of gross construction area, with main residence and secondary building.
- Views over the city, the bay and the Atlantic Ocean.
- Architectural heritage from the early nineteenth century and documented connection to the Miles family.
- Mature gardens and outdoor spaces that favour privacy and tranquillity.
- Potential for a prestigious private residence or boutique hotel with a differentiating concept.

Quinta da Cova: an opportunity to transform a historic property in Funchal into a reference address, through a rehabilitation that preserves its character and gives it a new life.
Energy Rating: D
#ref:3356
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  • Property type

    Finca

  • Price/sqft

    $424

  • Emissions

    NI

  • Consumption

    D

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Imaculado Coracao de Maria, Madeira, Portugal View on Google Maps
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Manuel Santos Manuel Santos background
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Manuel Santos
Madeira, Portugal
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Caetano Real Estate
Caetano Real Estate
Estrada Regional 101, Edifício Sol Nascente, nº 2, R/C, Loja B, 9360-501 Ponta do Sol, 9360-501, Ponta do Sol, Madeira, Portugal
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WE ARE A REAL ESTATE COMPANY WITH LOCAL KNOWLEDGE AND A GLOBAL NETWORK. Welcome to Caetano Real Estate, where we p
WE ARE A REAL ESTATE COMPANY WITH LOCAL KNOWLEDGE AND A GLOBAL NETWORK. Welcome to Caetano Real Estate, where we provide real estate services to clients seeking to buy, sell or rent property in Lisbon, Algarve and Madeira Island. Our company was founded with a vision to provide professional, reliable, and personalised services to our clients in the real estate industry. Our team of experienced and knowledgeable professionals is committed to understanding your unique needs and helping you navigate the complex world of real estate. We believe in building strong relationships with our clients based on trust, transparency, and open communication. We understand that buying or selling a property can be a stressful process, but with our expertise and support, we strive to make it a smooth and hassle-free experience for you. At Caetano Real Estate, we are committed to excellence in everything we do. From the initial consultation to the closing of the transaction, we provide unmatched customer service and attention to detail. Our clients come first, and we work tirelessly to ensure that their needs are met and their expectations are exceeded. We specialize in various types of real estate, including residential, commercial, and investment properties. Whether you are a first-time homebuyer, a seasoned investor, or a business owner looking for the perfect location, we have the expertise and resources to help you achieve your real estate goals. Thank you for considering Caetano Real Estate for your real estate needs. We look forward to working with you and helping you find your dream property.
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Last updated
Today
First listed
October 14
Listing reference
3356-0526781907
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