• For Sale
  • GBP 4,288,459 
  • Land Size: 1,094,150 ft2
  • Property Type: Residential Lot
Boasting more than 10 hectares and offering sea/mountain views, this is one of the last available large land plots in Ferragudo. It sits less than 500 meters away from the beach and has an approved project for the construction of a four-star boutique hotel with 36 rooms and a swimming pool. The project has a built-up area of 2,000 square meters and an implementation area of about 1,300 square meters. Construction permits are fully paid and valid until 2025. This property thus offers a rare investment opportunity, allowing for construction works to commence immediately after the purchase. This project is also backed by positive assessments from the national tourism authority. The implementation of this project has been authorized at the land plot's highest point. Facing south and southwest, with two floors each, the lodging units are fully integrated into the natural environment and scattered along the morphological features of the hill. The entrance to the property can be from the south and/or east. Located just five minutes away from Ferragudo center, Carvoeiro and Lagoa, this property sits close to some of the Algarve's most beautiful beaches and restaurants, as well as to essential amenities such as schools, health units, public offices, supermarkets, and more. Faro international airport is only 50 minutes away, while Portimão airfield, with regular connections to Lisbon, is 20 minutes away. Moreover, for nautical sports enthusiasts, Portimão Marina is just ten minutes away. There are also several golf courses in the vicinity.

Stand for Sale, Lagoa, Faro, Portugal is a Lagoa luxury Residential Lot listed for sale 5,000,000 EUR. This high end Lagoa Residential Lot is comprised of N/A bedrooms and N/A baths. Find more luxury properties in Lagoa or search for luxury properties for sale in Lagoa.