Luxury Hotel/Apartment Development Project in Funchal, Madeira

This listing presents a unique opportunity to acquire a prime plot of land in Funchal, Madeira, featuring an approved architectural project for a high-end development. Situated in the prestigious Palheiro Nature Estate, the site offers stunning 200º views of Funchal Bay and the Atlantic Ocean. The approved plans, designed by architect Leonardo Omar, allow for the construction of a luxury apartment complex, an intimate boutique hotel, or conversion into independent flats for resale. The plot spans 2920m2 with a maximum building area of 1577m2, and includes essential infrastructure such as asphalted access roads and retaining walls. Its strategic location is just 15 minutes from the airport and 10 minutes from the city center. This project is ideal for developers or investors looking to capitalize on Madeira's luxury tourism and real estate market.