Historic Property in Estoi with Investment Potential

Historic villa in Estoi with approved project. Unique investment opportunity to create a luxury home just steps from the iconic Pousada Palace. Unique Investment Opportunity in the Heart of Estoi: - Rare real estate opportunity in Estoi, just 150 metres from the iconic Palácio da Pousada - Historic manor house combining architectural heritage with an already approved modern project - Prime location in one of the most authentic and picturesque villages of the Algarve Property Features: - Existing construction area of 335 m² across two floors - Approved project for an elegant 4-bedroom villa with 333 m² of gross floor area - Spacious attic of 136 m² with lift already installed, ensuring comfort and accessibility - Charming views over the palace gardens from the first floor Layout of the Approved Project: - Ground floor: garage for 2 cars, games room/wine cellar, and guest bathroom - First floor: open-plan living, dining and kitchen areas, 3 bedrooms (2 en-suite), 3 bathrooms, a 10 m² swimming pool and a 46 m² terrace - Attic: luxurious master suite with total privacy Investment Potential: - Option 1: purchase the property in its current state with approved project (€600,000) - Option 2: turnkey solution with full project management and freedom to choose finishes (€1,500,000) - Exceptional opportunity to create a dream home in the Algarve or secure a solid real estate investment Why Invest in Estoi: - Picturesque village rich in history and cultural heritage - Close to Faro, Faro International Airport and the golden beaches of the Eastern Algarve - Area with strong appreciation, ideal for luxury real estate and exclusive projects Engel & Völkers Faro-Tavira is at your disposal to provide further information or arrange a private viewing. We are here to help you achieve your next successful real estate investment in the Algarve.