Price Recently Reduced From 500.000 Euros To 468.000 Euros. Nestled atop a tranquil hill in the heart of the Eastern Algarve, near Moncarapacho, Olhão, this exceptional estate spanning a total area of 21,706m² presents a rare opportunity to acquire a buildable parcel of land offering panoramic vistas of both the sea and mountains and remarkable development potential. At its centre lie the evocative ruins of an old windmill, a timeless reminder of the regions heritage and the inspiration for the propertys id...

Approved Project | High Profit Potential | Strategic Location

712 m² plot located in a modern and quiet residential area in Olhão, one of the fastest-growing and most in-demand areas of the Algarve.

Approved project for a 6-storey building
Licenses ready for payment - construction can start immediately
20 apartments (T2, T3 and T4) with generous areas
Top floor with private terraces of approx. 80 m²
Basement with garage and storage rooms
4 commercial shops on the ground floor - guaranteed extra income

This pr...

Property with immense potential, either to maintain the set of two existing manor houses located in the heart of Olhão, next to the Ria Shopping shopping centre, or to demolish and make a project with 5 floors offering housing, parking and commerce.
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House on a fully urban plot with the capacity for a 5-storey building.
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