€3,090,000

Land for sale Lagoa
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Overview

SUMMARY: Discover an opportunity with this Lagoa land for sale and available for €3,090,000. This could be your next ideal home or a smart investment. More details await.

Set in the charming and highly sought-after village of Ferragudo, this plot with approved hospitality development for 46 rooms offers a rare opportunity to build in one of the Algarves most appreciated and up-and-coming areas. Located in Vale de Canada, the

land spans 14,320 sqm, perched on a hilltop overlooking a peaceful valley dotted with orange groves, olive, almond and fig trees, traditional Quintas, and narrow country roads once used by horse carriages and still bordered by whitewashed stone walls. This is a mixed-use plot, with a rustic area of 14,060 sqm and an urban section of 260 sqm already licensed for Hospitality construction. The approved project allows for immediate development an increasingly rare find in todays Algarve. The surrounding agricultural land is protected from future construction, preserving the tranquility and authenticity of the rural landscape. The plot is located just a short walk away from the iconic Algarve cliffs, beaches, and the Atlantic Ocean. Closest neighbor is the 4-star hotel Bricia de Mar and an additional newly launched 5-star hotel development, further adding to the investment appeal of this location. Ferragudo remains an active fishing village, where daily catches are still brought in by local fishermen. Its several beaches are all within walking distance along the shoreline, and even in peak summer, they remain uncrowded. With a population of just under 2,000 residents and more than 500 years of history, Ferragudo offers a unique blend of heritage and laid-back lifestyle. The village is dotted with excellent restaurants, cafés, boutique stores, local markets, and essential services. Only 10 minutes by car or a scenic water taxi ride you will be in Portimão, the Algarves second-largest city, Ferragudo is a gem increasingly favored by both Portuguese and international buyers. Its also where the Portuguese Royal Family stays when visiting the region. This licensed plot presents a remarkable chance to invest in a serene, authentic setting with strong long-term value potential.

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Details

  • Neighborhood: Ferragudo
  • Beds: 0
  • Baths: 0
  • Price: €3,090,000
  • Reference No.: 21893

Location

Marketed by:

  • Bonte Filipidis
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