This sea-view residential development plot with an approved project in the Algarve is offered at €3,500,000. The 7,598 m² site near Boliqueime has approval for a gated condominium containing 15 houses. It therefore provides a clearly defined development opportunity rather than an unplanned parcel of land. The scheme includes four T4 villas with offices and eleven T3 villas with offices. Each planned house is designed with a basement, individual pool and rooftop. Residents are also intended to benefit from a communal swimming pool. A shared administration and meeting room would support condominium management. The proposed playground adds a family-oriented feature to the overall concept. Positioned on elevated ground, the site enjoys views over the countryside and distant views towards the sea. Boliqueime town centre is only around 1 km away. Local shops, services and amenities are therefore conveniently accessible. Mains water and drainage are available, helping to support the planned residential use. The property includes an existing ruin within the development land. Access to the plot is described as easy, which may benefit future construction and operation. The sea is approximately 5 km away and the nearest beach is around 10 km distant. Golf is also available within roughly 10 km. Faro Airport lies approximately 27 km away, making the location practical for international owners and visitors. The combination of planning approval, substantial land and a multi-unit scheme may appeal to professional developers and investment buyers. Any projected rental income, resale value or ROI should be verified through independent legal, planning and financial advice. Contact us to discuss the approved project, documentation and next steps.
• Plot Size 7598m²
• 15 House Condominium Project
• Mains Water and Drainage
• Close to Town and Amenities
• Easy Access
• Sea Views from the distance
This plot is located in a highly elevated position very close to the centre of Boliqueime, offering fantastic views across the countryside and sea views.
The approved project consists of a condominium with 15 houses. There will be four T4 plus office and eleven T3 plus office. All the villas will have a basement, individual pool and rooftop.
The condominium will also have its own room for administration and meetings as well as a playground.
• Distance to Sea – 5km
• Distance to Beach – 10km
• Distance to Nearest Golf – 10km
• Distance from Airport – 27km
• Distance to Nearest School – 4km
• Distance to Nearest Town – 1km (Boliqueime)
