Property Description

Building Plot in Albufeira

Located in the highly desirable area of Olhos de Água, Albufeira, close to the prestigious Pine Cliffs Resort, this exceptional plot of land presents an outstanding investment opportunity with an approved project for the construction of 10 elegant terraced villas. Set in a peaceful residential area and just 7 minutes from the stunning Praia da Falésia, the property combines the tranquillity of the Algarve with convenient access to local services, shops, leisure facilities and some of the region's most beautiful beaches and landscapes. The approved project comprises 10 contemporary T3+1 villas, each distributed over three floors, including a basement, with an average area of approximately 160 m² plus basement areas. Designed to provide generous and versatile living spaces, each villa will also benefit from its own private swimming pool, offering greater privacy and exclusivity to future residents. With a total construction area of approximately 1,824 m², the development has been thoughtfully conceived to appeal to both permanent residents and those seeking a high-quality holiday home in the Algarve. Its strategic location, close to Albufeira's renowned beaches, Pine Cliffs Resort, essential amenities and leisure facilities, further enhances its appeal and investment potential. Combining an approved project, contemporary architecture, private pools and a prime location in one of Albufeira's most sought-after areas, this property represents a rare opportunity for investors and developers looking to create an exclusive residential development in the Algarve.

Albufeira is a vibrant and picturesque coastal town located in the heart of Portugal's Algarve region. Renowned for its stunning beaches, lively atmosphere, and charming old town, it has become one of the most sought-after destinations for holidaymakers and expatriates alike. Boasting over 20 beaches, Albufeira offers a coastline of golden sands and crystal-clear waters. From the expansive Praia da Falésia, framed by dramatic red cliffs, to the more secluded coves like Praia de São Rafael, there is a beach for every taste. Many are equipped with excellent facilities, water sports activities, and beachfront restaurants serving fresh seafood. Albufeira's historic centre is a maze of narrow, cobbled streets lined with whitewashed buildings. Here, visitors can explore quaint shops, sample traditional Portuguese cuisine in cosy restaurants, and enjoy live music at bustling squares. The old town's vibrant nightlife adds to its charm, offering a mix of laid-back bars and lively clubs.

Xtophe Properties, a member of the Chestertons Global Network. With our local knowledge and working in the Portuguese real estate business since 2013, we offer exclusive properties and focus on excellence every day. We work with the utmost dedication in connecting clients with properties that meet their expectations, whether for living, investing or expanding business. We have a professional team of real estate experts who speak several languages, including Portuguese, English, French and Spanish and have the aim of offering the best experience to our clients.
Energy Rating: Exempt
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