Historic Living in the Heart of Funchal’s Iconic Zona Velha – ID 2184059

Step into the charm of Funchal’s Old Town with this beautifully refurbished T1+1 home, located in the heart of the city’s historic Zona Velha — one of Madeira’s most characterful and vibrant neighbourhoods. The main level offers a bright open-plan living space where the kitchen, dining area, and living room flow seamlessly together, creating a welcoming space designed for modern living. Just off the living area is a covered courtyard, providing a private outdoor extension to the home. A modern shower room is also located on this level, finished with clean contemporary fittings. Downstairs, the basement level features a generous double bedroom along with a second lounge area, a flexible space that could easily function as a guest bedroom, office, or second sleeping area. The property was fully refurbished just four years ago and benefits from air conditioning throughout and a fully electric system (no gas). The current owners have enjoyed the property both as a home and as a successful Alojamento Local investment, which has delivered a strong return. As their family has grown, they are now looking to move to a larger home, creating a great opportunity for the next owner. Located in the very centre of Funchal’s historic old town, the home is ideal for those who enjoy a walkable lifestyle. While there is no off-street parking, everything you need is within easy reach. Dating back to the 15th century, Zona Velha is the birthplace of the city of Funchal. Once the centre of Madeira’s early maritime trade, the area is now known for its cobbled streets, historic buildings, vibrant restaurants, art galleries, and the famous painted doors of Rua de Santa Maria. Just a short walk away you will find the Funchal Cable Car taking you up to Monte, the historic Mercado dos Lavradores, the seafront promenade, the Atlantic Ocean, and a wide selection of restaurants, cafés, and local wine bars. Whether as a full-time home, holiday retreat, or investment opportunity, this property offers the rare chance to own a piece of Funchal’s historic heart.

1 bedroom waterfront house with terrace

Funchal, Madeira, Portugal