€398,000

House for sale Rio Maior
Property photo number 1 of 6 Photos for Property. File 102958606_2345_28dc0eb29e25db677fe68c8e4912925d.jpeg

Overview

SUMMARY: Discover an opportunity with this Rio Maior house for sale and available for €398,000. This could be your next ideal home or a smart investment. More details await.

We are proud to present a truly unique property located in the peaceful village of Carvalhais, in the parish of Fráguas, municipality of Rio Maior. Created through the restoration of a former olive oil mill, this charming home combines the character of

traditional architecture with the comfort and functionality of modern living, making it an ideal permanent residence, holiday retreat, or tourism investment. With a gross construction area of 240 m², set on a generous 2,035 m² plot, the property stands out for its privacy, breathtaking open views over the surrounding countryside, and excellent sun exposure. The main residence comprises a 3-bedroom detached villa, including a comfortable master suite, spacious living areas, and thoughtfully designed spaces that provide comfort, well-being, and an exceptional quality of life. In addition, the property features a fully independent studio annex, ideal for hosting family and friends or generating additional income through short-term rentals. Outside, you will find a large landscaped garden perfectly integrated into the natural surroundings, highlighted by a magnificent swimming pool with panoramic mountain views, creating the perfect setting for relaxation and memorable gatherings. Surrounded by nature and tranquillity, the property is located just a 10-minute drive from the centre of Rio Maior. One of the property's most attractive features is its active Local Accommodation (AL) licence, allowing it to operate legally as a holiday rental. The property is currently being successfully managed as a tourist accommodation business, benefiting from high occupancy rates and strong demand throughout the year. It offers excellent income potential, particularly during the peak season from May to October, as well as during the New Year's holiday period. Additionally, there is an area within the property that offers the potential to create an additional independent residential unit (one- or two-bedroom), subject to the necessary planning approvals and licensing requirements. This represents an attractive opportunity for future value enhancement and increased accommodation capacity. Key Features: Detached 3-bedroom villa 1 master suite Independent studio annex Swimming pool with panoramic views Extensive landscaped gardens Fully restored former olive oil mill Active Local Accommodation (AL) licence Excellent tourism rental income potential Gross Construction Area: 240 m² Usable Area: 230 m² Plot Size: 2,035 m² Peaceful setting surrounded by nature Just 10 minutes from Rio Maior If you are looking for a distinctive property with character, privacy, stunning views, and a proven track record in the tourism market, Casa do Lagar represents a rare opportunity in today's real estate market. Energy Rating: C #ref:26-E.FAV-512 - 26-E.FAV-512 - Acrosscoast

Details

  • Beds: 3
  • Baths: 2
  • Price: €398,000
  • Area: 145 m2

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