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Investment Oportunity

Land, Buy | Portugal, Algarve, Lagos, Luz
Asking price-Icon
2,800,000 EUR
Approx. 2,767,521 USD
Asking price
Lot Size-Icon
13.99 ac
Lot Size
Asking price-Icon
2,800,000 EUR
Approx. 2,767,521 USD
Asking price

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What you should know about this plot of land

Special features of this plot of land

Opportunity to build a tourist unit in a fantastic location 5 minutes from Praia da Luz.
The land with about 55,000 m2 has a unfinished construction with about 5,000m2 which was intended to be a hotel unit. In this land there was an approval for the remodeling and expansion of the construction and that raised the built area to about 12,000m2 with a total of 144 housing units.

Luz: Location and surroundings of this plot

It was from Lagos that Gil Eanes set sail, the navigator who proved that the world did not end at Cabo Bojador, and that the sea was not inhabited by monsters! Due to its location and economic importance Lagos has become a focal point for the Portuguese Discoveries and was even recognized as the capital of the Kingdom of the Algarve. The strong connection to the sea is maintained and it is in Lagos that is the 1st Marina in the Iberian Peninsula to reach 5 stars.
The historic centre is almost all pedestrian, providing a wide range of shops, restaurants, bars or cafes.
The city benefits from all the factors necessary to enhance an excellent vacation as well as a high quality of life, as it offers the main tourist attractions including the beach, golf, culture, leisure, gastronomy, sports, nature, amongst others.
Luz is situated only 10 minutes drive from Lagos, and is blessed with both beautiful beach and wonderful weather.
Praia da Luz is a charming and peaceful village perfect for those seeking a relaxing living by the sea. Only 50 minutes drive away from the Airport of Faro.

Contact your personal advisor
Engel & Völkers Lagos
  • SOPC - 3 - Actividades Imobiliárias, Lda. · AMI 11742
  • License partner of Engel & Völkers Residential GmbH
  • Nuno Correia
  • Rua da Barroca, 64
  • 8600-688 Lagos
  • Phone: +351 282 249 517
  • Cell: +351963560366
The Service on is provided by:

Engel & Voelkers Lagos
Rua da Barroca Nº64
8600-688 Lagos

Commission Details

Availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice. Taxes, notary and registry fees must be paid by purchaser, the commission by the seller as stipulated by Portuguese regulations.

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