luxury farmhouses with sea view for sale Funchal, Portugal

Stunning 18th-century estate, located in a quiet residential area with good access and various services nearby. With a fantastic view over the city, the sea, and the mountains, this historic estate also features the coat of arms belonging to the Viscount and Count of Ribeiro Real family, one of the wealthiest and most influential Madeiran families of the time. Holding one of the largest fortunes in Portugal and connected to the writer José Maria de Eça de Queirós through his sister, Quinta do Esmeraldo was bequeathed to the countess, Mrs. Teresa da Câmara Leme do Carvalhal Esmeraldo de Bettencourt e Vasconcelos de Sá Machado, who later sold it to Major João dos Reis Gomes. Today, a bust in his honor can still be found in Funchal's Municipal Garden. This estate features three road frontages, a small lake, a vast garden with large, centuries-old trees, well-maintained gardens, a large irrigation water tank, and a small lookout point. The main house, which requires some improvements and restoration, is spread over two floors. The upper floor houses four bedrooms, including a large master suite with a living room and library, as well as two living rooms, a dining room, two bathrooms, and a kitchen. The flooring is made of casquinha wood and is in good condition. The lower floor includes another kitchen and a large hall that spans the entire house, with stone walls preserved. Just five minutes from the city and close to the expressway, this property is an excellent option for those seeking a home where they can relax and enjoy views of the sea and mountains.

A Rare Boutique Luxury Hospitality Opportunity in MadeiraQuinta da Cova represents a unique opportunity to develop a luxury boutique hotel in Funchal, Madeira, combining historical heritage, premium positioning, and a fully defined hospitality concept. The project includes:* Approximately 4,900 sqm of urban land* A historic estate with more than 200 years of history* A fully designed 34-key boutique hotel concept* Licensing and feasibility studies already prepared* Strong operational and capital appreciation potential ⸻Why This Project Stands Out1. Genuine Scarcity ValueVery few assets in Funchal combine:* meaningful urban land scale,* historic character,* privacy,* panoramic sea and city views,* and the ability to operate as a premium boutique hospitality asset.Most new developments in Madeira focus on conventional hotels or large-scale tourism products. Quinta da Cova is positioned within the higher-margin experiential luxury segment. ⸻Prime LocationLocated in an elevated residential area of Funchal:* minutes from the city center,* overlooking the bay,* surrounded by mature gardens and established residential properties,* while maintaining privacy and tranquility. This balance between accessibility and exclusivity is one of the project’s strongest value drivers.⸻A Fully Structured Hospitality ConceptThe masterplan is organized around three integrated components:* The restored historic manor house* A premium residential villa* A contemporary accommodation wing integrated into the landscape The proposed positioning focuses on:* luxury boutique hospitality,* heritage-driven experiences,* wellness and relaxation,* intimate private events,* premium international tourism.This significantly reduces conceptual risk and accelerates the execution timeline.⸻Strong Market FundamentalsMadeira continues to benefit from:* sustained tourism growth,* high occupancy levels,* increasing international demand,* and rising ADR performance within the luxury and boutique hotel segment. The project also benefits from:* limited direct competition,* increasing difficulty in securing comparable approvals within central Funchal,* strong branding potential with international lifestyle and luxury operators.⸻Financial PotentialAccording to the project study:* Stabilized EBITDA estimated at approximately €1.7M* EBITDA margins projected around 47%* Stabilized exit valuation estimated between €15.9M and €19.4M* Projected Year 4 ROI between approximately 103% and 138%, depending on exit assumptions Indicative acquisition price:€3,800,000(including land, licensing project, feasibility study, and financial model). ⸻Investment ThesisThis is not simply a land acquisition opportunity.It is:* a scarce hospitality asset,* with strong identity and heritage,* positioned for premium repositioning,* within one of Europe’s most resilient tourism markets.The combination of:* heritage,* location,* concept quality,* supply scarcity,* and operational upside,creates a compelling investment profile within the luxury boutique hospitality sector.⸻ConclusionQuinta da Cova offers investors a clear opportunity to combine:* real estate appreciation,* recurring hospitality income,* and exposure to Madeira’s growing luxury tourism market.In a market where truly differentiated hospitality assets are becoming increasingly rare, Quinta da Cova stands out as an early-entry opportunity into a premium product with substantial long-term value creation potential.