Land with Approved Project for Exclusive Condominium of 15 Semi-Detached Houses

€4,000,000

~6,467 m² Plot surface

Description

Looking for a strategic real estate investment? We present two plots of land, sold together, with a generous total area of 6,467 m² and a construction capacity of 3,233.50 m². Situated in a highly valued, tranquil area just a few minutes north of the prestigious Quinta do Lago. An architectural project already approved by the Loulé City Council for the development of a condominium consisting of 15 semi-detached houses. Each residence will offer a contemporary design distributed over the ground floor, 1st floor, rooftop, and basement, in addition to having a private pool. The total residential area for the 15 houses is 3,233.50 m², including the basement. The land borders a public road and already has access to the public water and sewage network. This is an unmissable opportunity for investors and real estate developers looking for a project with high return potential. Contact us today for more information and to schedule a site visit.

Engel & Völkers Quinta do Lago

+351 289 395 165

Your advisor: Nadim Awad

Property ID: W-02MKY8

Location: Almancil, Faro District

This land with an approved project for an exclusive development of 15 houses is located in one of the most promising areas of Almancil – Poço Novo. Set in a tranquil residential context, it benefits from quick and direct access to the center of Almancil, as well as to the prestigious areas of Quinta do Lago and Vale do Lobo. Just minutes away, future residents will have access to award-winning beaches, internationally renowned golf courses, an excellent gastronomic offering, international schools, and a wide variety of quality services. The proximity to these prestigious locations, combined with the growing demand for housing in the heart of the Golden Triangle, makes this project a rare and highly attractive investment opportunity. A privileged location, a quality residential concept, and a constantly appreciating market – the right elements for a solid and forward-looking investment.