Urban land - Ferragudo-Boa Nova, Lagoa, for sale

Ferragudo – Boa Nova: 

This building plot with a total area of 43.700 m² with panoramic sea views and an already approved project for Rural Tourism (TER) with a total built area of 2.800 m² is located in a sought-after area between Carvoeiro and Ferragudo, close to beaches and golf courses (the Ferragudo–Lagoa–Portimão corridor), major access routes and all essential amenities. Faro airport can be reached within 50 minutes.

Featuring two existing ruins and direct road access, this prime plot of land near the coast holds viability and an approved project from the Lagoa Municipal Council for the development of a luxury Rural Tourism (Turismo em Espaço Rural – TER) resort with a total built area of 2.800 m². The project comprises eight 2-bedroom units (128,35 m²) sharing a communal pool, four 3-bedroom units (171,50 m²) with private pools, and a detached 4-bedroom villa (280 m²) with a private pool. An additional 500 m² is dedicated to shared facilities and leisure, such a reception, restaurant, gym, and support services, all set within expansive landscaped grounds complete with tennis and padel courts, a pitch-and-putt course, landscaped gardens, and an integrated network of walking paths and recreational areas. This luxury coastal resort offers spacious accommodation units and full resort amenities. It is built into the natural shape of the land to maximize ocean views and privacy.

This is an excellent investment opportunity in a plot of land with great potential for tourism development in Ferragudo/ Lagoa, one of the most sought-after areas in the Algarve with a thriving tourism sector. The possible different investment models range from operating the property oneself, to partnerships with operators specialising in rural tourism, to development with a view to a subsequent sale.

 

CURRENT SITUATION:

A preliminary planning request (Pedido de Informação Prévia, PIP) has been submitted to Lagoa Municipality. A decision is pending. As soon as the project is approved, construction can start! Price for the plot excluding building costs.

- REF: BOANOVA

* The feature(s)/equipment(s) mentioned in this description are subject to verification and agreement between the vendors and buyers.