€495,000

House for sale Olhão
Property photo number 1 of 16 Photos for Property. File 87131122_2345_a9804e7a37b2a52687b3d4a37f2af5f3.jpeg

Overview

SUMMARY: Discover an opportunity with this Olhão house for sale and available for €495,000. This could be your next ideal home or a smart investment. More details await.

Discover the unmatched potential of this property, located in the serene area of Olhão, featuring a recently approved project for the construction of a 9-bedroom detached villa with a pool. Set on a vast 18,000 m² agricultural plot, this property is distinguished

by its peaceful surroundings, low neighbour density, and charming traditional features. Key Features: Approved Project: The property includes a building license for 1,500 m², featuring nine en-suite bedrooms, rooftop terraces, and a basement garage. Existing Structures: Includes an old farmhouse in ruins, which can be renovated or expanded, maintaining the traditional Algarve architecture. Extensive Agricultural Land: The land is home to a variety of mature fruit trees, such as fig, olive, carob, citrus, and almond trees, along with orchards and wooded areas. Traditional Features: The property includes a well, a waterwheel, and a cistern that can be converted into a pool, preserving its rustic charm. Location and Access: Situated at the highest point of the plot, the property offers stunning views of the Algarve's rural landscape. Accessible via a shared path just 50 meters from a tarmac road, with an additional private access path at the opposite end of the property. The gently sloping land and terraced layout provide a unique and versatile setting for a variety of uses. Perfect for: Family Residence: Ideal for those seeking a private rural retreat with ample space and tranquility. Agro-Tourism or Holiday Rentals: With the approved project and agricultural features, this property is perfect for a sustainable tourism project in the Algarve. Agricultural Use: The fertile land is ideal for farming or maintaining the existing fruit-bearing trees. This property is a true hidden gem, blending history, natural beauty, and development potential. Contact the Engel & Völkers Faro-Tavira team today for more information or to schedule a private viewing. Energy Rating: F #ref:W-02XWQI - W-02XWQI - Engel & Völkers Faro-Tavira

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Details

  • Beds: 9
  • Baths: 1
  • Price: €495,000
  • Reference No.: 89664619
  • Area: 178 m2

Location

Marketed by:

  • Engel & Völkers Faro-Tavira
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