Historic Boutique Hotel Development Opportunity – Estoi (Algarve)

A Unique Investment in the Algarve’s Heritage

This traditional villa presents a rare opportunity to restore an authentic piece of Estoi’s architectural legacy. With 164 m² of registered construction area on a 196 m² plot—and an approved architectural project—it can be transformed into a refined 4-bedroom residence that blends modern comfort with the charm of its historic façade and original features.

Located just 150 meters from the iconic Palácio de Estoi, the property sits next to one of the Algarve’s premier wedding destinations. The palace attracts couples from all over the world, and high-quality rental accommodation in the immediate area remains scarce, creating strong demand for upscale short-term stays.

Property Highlights:
- Existing registered construction area of approximately 164 m², with approved project for a 4-bedroom luxury villa with a total gross construction area of 335 m²
- Distributed across two floors, with potential for an attic conversion of 136 m²
- Lift structure already in place for future installation
- Charming views over the palace gardens from the upper level

Approved Project Layout:

- Ground Floor: Garage for 2 cars, games room or wine cellar, and guest bathroom
- First Floor: Open-plan living, dining, and kitchen area, 3 bedrooms (2 en-suite), 3 bathrooms, 10 m² swimming pool, and a 46 m² terrace
- Attic: Private master suite with panoramic views and total seclusion

Investment Options:

Option 1: Purchase as-is with approved project (€595,000)
Option 2: Turnkey completion with full project management and choice of finishes (€1,500,000)

A rare opportunity to own a historic property with an approved project, ideal for restoration, personal residence, or investment in a sought-after Algarve village.

Why Estoi?

Estoi is one of the Algarve’s most charming and historic villages, known for its peaceful atmosphere, cobbled streets, and cultural landmarks such as the Palácio de Estoi and the Roman ruins of Milreu.

The location offers the perfect balance between authenticity and convenience:
15 minutes to Faro International Airport
20 minutes to the Eastern Algarve beaches
25 minutes to Quinta do Lago and Vale do Lobo golf resorts
30 minutes to Tavira and Olhão

Estoi is increasingly attracting buyers seeking cultural heritage properties and boutique restoration projects, positioning it as one of the Algarve’s emerging investment areas.

Lagos Homes proudly presents this historic opportunity in Estoi, where heritage meets potential.
Contact us today for detailed plans or to arrange a private viewing.