House for Sale in Madalena, Pico, Azores — Renovation Project with Development Potential A 4-bedroom single-story house of 205 m² (2,207 sq ft) on a 1,201 m² urban lot (12,927 sq ft, roughly a third of an acre), on Rua do Colégio at the entrance to Madalena, Pico Island. This is a classic Azorean village house: long, low, gable roof, windows lined up end to end. Out front, a row of araucarias grown taller than the roof and a mature palm at the corner of the lot trees that took decades to get there. WHAT IT NEEDS Full window and door replacement. New roof covering the roof structure is sound, which is the expensive part. Paint inside and out. An honest renovation with nothing hidden behind patchwork. THE INVESTMENT CASE The lot is zoned urban under the Madalena municipal plan, which allows two floors plus a rooftop level and a 5.5 m (18 ft) height limit. With frontage on two roads, separate entrances are possible the basis for multiple guest accommodation units, subject to design approval, permits and local registration. Restore the house and you have a home with character. Build out the lot and you have considerably more, on the same title. WHY PICO Madalena is the island's main port town, a 30-minute ferry from Horta on Faial. The vineyard landscape here is a UNESCO World Heritage site, and Pico is on the direct flight network to Boston and Toronto through São Miguel and Terceira. LOCATION 984 ft from the Wine Museum, 0.75 miles from the center of Madalena, 3.7 miles from Pico Airport. Walking distance to shops, school, port and services. Good bones, a lot with room to grow, in the heart of Pico Island. Contact Porta da Montanha Team to arrange a viewing. We work with buyers overseas and can walk you through the property by video call.