5 Residential Plots with Approved PIP (1,100 m² Build Area)

Engel & Völkers Lagos is proud to present an exclusive package for investors and developers, consisting of 5 residential plots for villa construction with an approved Preliminary Information Request (PIP), located within the prestigious Blue Bay Hills development in Praia da Luz, Lagos. This development stands out for its prime location on a sunny hillside with sea views, in a quiet and secure area, just a few minutes’ walk from the centre of Praia da Luz and only a 10-minute walk from the beach. This is a rare opportunity in the Algarve real estate market, ideal for developing a high-quality residential project in a low-density setting, ensuring privacy, exclusivity, and strong commercial appeal. Blue Bay Hills is set on a plot of approximately 60,000 m², carefully planned to accommodate detached villas, townhouses, or apartments, with low density that enhances comfort and tranquillity for future owners. This package includes 5 contiguous plots, each with a build area of 220 m², designed for villas with private swimming pool, garage, and basement, featuring an architectural project by the renowned architect Mário Martins. Intended exclusively for investors/developers. PLOTS FOR SALE Plot 3 – 729 m² | Build area: 220 m² Plot 4 – 645 m² | Build area: 220 m² Plot 5 – 592 m² | Build area: 220 m² Plot 6 – 591 m² | Build area: 220 m² Plot 7 – 598 m² | Build area: 220 m² KEY FEATURES Plot sizes between 591 m² and 729 m² Build area: 220 m² per plot Villas with private swimming pool Garage and basement 10-minute walk to the beach Quiet area with excellent sun exposure High potential for capital appreciation and returns Important note: The sale will be completed after formal approval of the PIP by the Lagos Municipal Council. The projects are in the final stages of completion and will be provided with the respective interior architectural plans.