This 4-bedroom villa in Mexilhoeira Grande is a prime investment opportunity, currently listed at €695,000. With a solid potential for renovation, this property offers a spacious 217m² layout on a generous 7,920m² plot, ideal for buyers aiming to create a bespoke retreat in the Algarve. This location is particularly appealing for vacation rentals, as it is just a short drive from beautiful beaches and local amenities found in Lagos and Portimao. The property's existing annex can serve as a guest space or be transformed into an income-generating unit. With its approved application for a B&B, investors can benefit from both short and long-term rental potential. The villa's open concept design and private terraces provide the perfect environment for gatherings or family living. Living here means enjoying a balance of tranquillity with easy access to recreational activities, such as golf courses and hiking trails. Contact us for more details and to arrange a viewing of this promising property!
● Living area 217m², Construction area 217m²
● Plot 7920m²
● Year of construction 1989
● 4 Bedroom, 3 Bathrooms
● Private terraces
● Annex
● Distance to the beach 7,8km
This 4 bedroom country retreat has great potential and, with some love, attention and renovation could be the secluded dream home you have always wanted. Built in 1989, this property has an open plan layout, beautiful country views, private terraces and gardens which, with some investment into renovation offers potential as a large family home, smallholding or future opportunity as a possible B&B with the approved application by the new owner.
The property consists of:
Ground Floor
• Entrance hall
• Living/dining room with patio doors.
• Fitted and equipped open-plan kitchen
• 2 double bedrooms (1 with en-suite bathroom)
• 3rd bedroom/Study
• Family bathroom
• Patio doors to a balcony and staircase
First Floor
• Double bedroom
• En-suite bathroom
• Patio doors to a large terrace and stairs
Outside Areas
• Terraces
• BBQ
• Bread ovens
• Large natural garden
• Swimming pool and tiled surround
• Large annex
• Pergola
• Garage
Amenities
• Mains electric and water
• Septic tank
• Single glazing with manual shutters
Location
• 7.8km from the Beach
• 7km to the Sea
• 6.4km to nearest golf course (Penina)
• 3.3km to nearest school
• 75.9 km to Faro airport
• 3km to Nearest town (Mexilhoeira Grande)
•10km Lagos/13km Portimao
Other Info
• Pool, garage, annex and pergola are not registered.
• Property has a public right of way and water course, which must be maintained.
