€1,490,000

Villa for sale Lagoa
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Overview

SUMMARY: Discover an opportunity with this Lagoa villa for sale and available for €1,490,000. This could be your next ideal home or a smart investment. More details await.

EXCEPTIONAL ALGARVE ESTATE NEAR PRAIA DA MARINHA - 14.963 SQM Traditional Villa · Expansion Project · Adjacent Building Plot · €1,490,000 A rare opportunity to acquire two adjoining properties as one exceptional estate, combining a traditional Algarvian

villa, significant expansion potential and a second substantial building plot, in one of the Algarve's most sought-after locations. Set peacefully between Vale d'El Rei and Caramujeira, the estate offers exceptional privacy and countryside views, while being just 5 minutes from Praia da Marinha, 8 minutes by bicycle, and a 5-minute drive to Carvoeiro, Porches and the Nobel International School. The existing 4,124 sqm urban plot features a charming turnkey villa with 3 en-suite bedrooms, spacious living and dining areas, an open-plan kitchen, swimming pool, generous covered terraces, mature gardens, barbecue area, garage and laundry room. The property also benefits from an architectural expansion project, with potential for approximately 345 sqm of living space plus 67 sqm of covered terraces. The planning parameters allow up to 618.6 sqm of construction, plus basement and 206 sqm of covered terraces, with the possibility of an additional floor and rooftop offering potential sea views. The adjoining 10,839 sqm plot comprises approximately 2,621 sqm of urban land and 8,218 sqm of rural land. The urban portion permits a second substantial residence of up to 393 sqm, plus an equally sized basement and 131 sqm of covered terraces. An existing architectural project by a renowned local architect is available and can be adapted to the purchaser's vision. The extensive rural land provides remarkable privacy and natural surroundings, with the possibility of recreating vineyards and creating a truly private estate. A RARE COMBINATION OF HOME, LAND & DEVELOPMENT POTENTIAL Whether envisioned as a private family estate, multi-generational retreat, luxury second home or investment opportunity, this unique offering provides the flexibility to create something truly exceptional. With its generous landholding, multiple development possibilities and proximity to the Algarve's most iconic beaches, opportunities of this scale and location are increasingly rare. Total package price: €1,490,000 Energy Rating: B- #ref:Spy-00127 - Spy-00127 - Spy Manor Real Estate, Lda

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Details

  • Beds: 3
  • Baths: 4
  • Price: €1,490,000
  • Reference No.: 195243844
  • Area: 205 m2

Location

Marketed by:

  • Spy Manor Real Estate, Lda
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