The Best Location Estate In Algarve – Investment Opportunity
6 Beds
5 Baths
5,641 Sqft
7.4 Ac lot
Updated: June 29, 2024
10
Views for last 30 days
27
About the Property
The Estate is located in Western Algarve, a 10-minute drive from Lagos, in a very calm and beautiful coastal land. The unique property has superb views of the Nature Reserve, the stretched beach, the golf course, and the beautiful Lagos Bay. The property has exceptional conditions for an outstanding quality of life as a residence or an investment as a Boutique Hotel with high potential returns
The Estate is located in Western Algarve, a 10-minute drive from Lagos, in a very calm and beautiful coastal land. The unique property has superb views of the Nature Reserve, the stretched beach, the golf course, and the beautiful Lagos Bay. The property has exceptional conditions for an outstanding quality of life as a residence or an investment as a Boutique Hotel with high potential returns. This property is one of the few beach front properties next to a Nature Reserve of exceptional beauty that lasts for sale in the Algarve region. The main house was built in 1974, and its original Algarvian rustic architecture and interiors are perfectly integrated with the surroundings. The property also includes a guest house that can be rehabilitated into a house with 3 bedrooms, garage, and storage rooms. Moreover, there is a possibility to explore 1703 sqm of to build 11 two-bedroom apartments for permanent residence or tourism purposes, with an additional high potential return on investment.
Plot area: 29 931 sqm | Total construction area: 524 sqm | Swimming pool | Garden | Terraces | Garage | Storage warehouses Project for renovation: Guest House | House area: 120 sqm | Can be build: 1703 sqm for 11 two-bedroom-apartment-building for tourism.
Main House Six Bedroom | Living Room (64 sqm)| Dining area (49 sqm) | Kitchen | Terraces | Gardens
Guest House (Renovation Project) Three Suites (Bedrooms with Baths) | Living Room | Pergola | Garage | Storage
11 Two-Bedroom-Apartment Building (to build)
The Algarve region, the southernmost region of Portugal, offers a quality of life comparable to just a few places on the planet. With around 300 sunny days a year, large cities, and small towns with a peaceful atmosphere populated by friendly people, the Algarve allows unique and distinctive experiences for those who live in the region or are only in tourism, such as gastronomy, local culture, or the sea. With excellent accessibility, you can be in Lisbon or Seville, by 2h30m, if driving on the highway or 30m by plane. The house is in its original construction and will need a renovation for a modern feel. The garden and the pool have been watered and maintained with groundwater from the estate’s hole and are both in excellent condition. One of the most important advantages of the property is its privacy, location, safety, beauty, and walking to the beach by a private pathway. This is a unique investment opportunity to purchase one of the most exclusive properties still available in the Algarve, one of the best touristic regions in Europe. The great added value of this property stands out for its 3 hectares of land, surrounded by the Nature Reserve, a luxury residential tourist development with spectacular contemporary luxury houses, a 27-hole International Golf Course, a Michelin Restaurant in the Club House 100m to the house, and an extensive beach, which extends to the city of Lagos, famous for its beauty and lively life. In summary, the perfect land in an excellent natural and beautiful spot to invest in.
…
Property type
Villa
Floors
1
Year built
1974
Price/sqft
$2,486
Features
Garden
Pool
Garage
Terrace
Oceanfront
Beachfront
Ocean View
Sea View
Jacuzzi
Features
Lot
Panoramic / Scenic View
Sea View
Beachfront
Water View
Ocean View
Privacy
Oceanfront
Investment Property
Indoor
High Ceiling
Fireplace
Gas Stovetop
Jacuzzi
Outdoor
Terrace
Parking
Pool
Garage
Outdoor Living Space
Pergola
Garden
Explore the Area
Campo de Golfe de Palmares, Palmares, Odiáxere, 8600-250, Portugal
View on Google Maps