Land With Approved Urban Feasibility For Development – 15 Homes | 10,420 M² | Porto Santo – Madeira

Land with Approved Urban Feasibility for Subdivision - 15 Homes | 10,420 m² | Porto Santo - Madeira IslandThis is a unique investment opportunity in the paradise of Porto Santo Island: Land with urban feasibility already approved by the Municipal Chamber, allowing for the immediate development of a residential subdivision for 15 single-family homes.📍 Location: Lomba, Section A-I, Porto Santo Island - Madeira📐 Total area: 10,420 m²🏡 Subdivision project with positive technical opinion and defined urban characteristics Currently registered as rustic land by strategic choice of the owners (for exemption from IMI), the conversion to urban land will be carried out at the time of the sale deed, allowing the buyer to immediately start the phase of specialty project and construction.---✅ Main characteristics of the approved subdivision:Number of lots: 15Type: Single-family housing (1 unit per lot)Maximum Maximum number of floors above ground: 2 Total area of buildable lots: 5,988 m² Total area of urban intervention: 9,687 m² Non-buildable area (natural reserve): 733 m² Transfer to public domain (total): 3,699 m² Circulation roads (paving): 1,820 m² Sidewalks: 1,200 m² Green spaces for collective use: 679 m² Mandatory private parking per lot Mandatory rainwater collection and reuse per dwelling Mandatory setbacks: 3 m on the sides, 5 m at the back 📝 Urbanization is conditioned only to the submission of specialty projects (water, sanitation, electricity, noise, etc.), already budgeted by a civil engineer with documentation ready to proceed. --- 🏗️ Included documentation: Rustic property registration (with 3 parcels) Approved Preliminary Information Request (PIP) and technical opinion from the Municipality of Porto Santo Preliminary subdivision project with summary plan and distribution of lots Technical budget for urbanization specialties Descriptive report of the operation. Of subdivision --- 💡 Potential for additional use: Although the approved project is for a residential condominium with 15 housing units, the size and location of the land allow for exploring other purposes, subject to municipal reassessment: Gated community or luxury housing Local accommodation unit or tourist resort Supermarket, hypermarket, or island logistics center Senior living home or senior residence Private clinic or healthcare infrastructure Private school, daycare, or educational center