Opportunity to develop a contemporary rural residential property of up to 300 m² in Gramacho, Lagoa

€530,000
  • ~14,960 m² Plot surface

Description

In Gramacho, between the serenity of the rural landscape and the proximity to Lagoa, lies a property with 14,960 m² and an existing structure intended for residential use.

It is within this existing structure that the asset’s main potential lies. The indicative possibility of reconstruction and extension up to 300 m² creates the opportunity to envisage a contemporary single-family home, integrated into the land and adaptable to different residential programmes.

The size of the property, its gentle topography and the presence of an existing structure create the conditions for developing a home where privacy and the relationship with the outdoor spaces play a central role. The solution may evolve through different configurations, including T3 or T4 layouts, with the possibility of a swimming pool and a basement for parking, storage or technical areas, subject to the applicable regulations.

The reading of the territory gave rise to Com-passo, a concept inspired by the different meanings of the word.

In agriculture, planting spacing defines the interval between trees and creates the conditions necessary for their growth. In architecture, it measures and structures form. In music, it defines rhythm. Applied to this place, these principles guide a way of living shaped by the balance between architecture, landscape and time.

Com-passo proposes that the experience of the property extend beyond the house itself. Paths, courtyards, shaded areas and places for gathering can transform the land into a lived landscape, accompanying the changing light and seasons.

The proposal developed through Land Staging® is a demonstration of this potential, rather than a definitive architectural solution. The programme may be adjusted at a later stage according to the intended positioning and the profile of the future owner.

This is an opportunity to recover an existing structure and create a contemporary residential property with identity, privacy and an authentic relationship with the Algarve landscape.

COMMERCIAL HIGHLIGHTS

Plot area: 14,960 m²

Location: Gramacho, Estômbar, Lagoa

Existing structure intended for residential use

Reconstruction and extension into a single-family home

Indicative maximum construction area: 300 m²

Indicative maximum footprint: 300 m²

Possibility of different residential configurations

Possibility of a basement for parking, storage or technical areas, subject to applicable regulations

Gentle topography

Direct access to the public road

Territorial concept: Com-passo

LAND STAGING® NOTE

The Land Staging® analysis considered different development possibilities for the property, including agricultural use, reconstruction for residential purposes and reconstruction for rural tourism.

The reconstruction of the existing structure into a single-family home was identified as the most appropriate approach to enhance the asset’s attributes and establish a distinctive residential proposal.

The Com-passo concept translates this opportunity into a coherent vision for the future of the property, establishing a connection between its development potential, the rural landscape and the experience of living.

Features
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Engel & Völkers Portimão

Your advisor: Nuno Fernandes

Property ID: W-02O71S

Property details
  • Object type

    Site

  • Plot surface

    ~14,960 m²

Location: Estômbar, Faro District

With 900 years of history, Portugal is a haven of safety and tranquillity, perfect for those wishing to enjoy the best that Europe has to offer. The Algarve is a warm and sunny region in the south of Portugal, which has over 300 days of sunshine a year, 200 km of coastline and has attracted and continues to attract a vibrant international community.

To the north we find the Gramacho Golf and to the east we access in a short distance the iconic village of Carvoeiro. A few minutes away we also have access to a wide range of services and facilities, where we can find several restaurants to enjoy the rich and tasty Portuguese gastronomy.

This part of the Algarve is characterised by the jagged cliffs, which open up wonderful views to the sea and through untouched nature, under the sun and warm climate of the south of the country. However, at the same time as we are carried away by the calm and quiet of the region, we have access to all kinds of services and communications, in a central and easily accessible region, as Portimão is only 15 minutes away by car and Faro and the airport are 45 minutes away.

While offering a diversity of landscapes, nature trails and surprising archaeological sites, the Algarve was also distinguished as the "World's Best Beach Destination" in the 2020 edition of the World Travel Awards Grand Final and several times voted the World's Best Golf Destination by the International Association of Golf Tours Operators.

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