The village in the crater that isn’t a crater, the Eira do Serrado viewpoint above it, and the chestnut everything once you arrive.
The view from Eira do Serrado, on the rim above the village. Snow on the peaks at the head of the valley is unusual, and it is in this photograph.Mike McBey · CC BY 2.0
The village sits at the bottom of a bowl the ridges close on three sides, which is why every map reads it as a crater. Eira do Serrado, on the rim above, is one of only four viewpoints on Madeira this site can confirm charges nothing and requires no booking. Bus 181 comes down here direct from Funchal, which makes this one of the few mountain places where a car is genuinely optional.
No live camera here
There is no camera in the valley and none at Eira do Serrado above it. The nearest live views are down in Funchal, on the other side of the ridge — they will tell you about the city’s weather and nothing about this one.
What is here
Each of these is a page on this site about something in this area. The line under it is why you would go, not what the page is called.
Eira do Serrado is on the short list of viewpoints confirmed free. The page also explains why so many others are reported as charging when they do not.
Route 181 is the only one published for this valley, it is a short day, and the site marks it return-first: find the last bus down before you take the first one up.
Getting there
Up out of Funchal and over the shoulder of the ridge, or on bus 181, which does it direct. Either way it is a short day, and the thing to establish before you go is when the last bus comes back.