This investment property for sale in Boliqueime offers approved plans for a gated condominium of 15 houses at an asking price of €3,500,000. The 7,598m² plot combines scale, planning progress, and a location close to Algarve amenities. It is a compelling option for buyers looking to develop a private residential community rather than purchase a single home. The approved project includes four T4 villas with offices. Eleven additional villas are planned as T3 homes with offices. Basements, individual swimming pools, and rooftop areas are proposed for all villas. The condominium is also planned to include a communal pool for shared recreation. Residents will have access to an administration and meeting room within the scheme. A dedicated playground is included in the planned communal facilities. The elevated plot enjoys broad countryside outlooks and distant sea views. Its position near Boliqueime gives future occupants convenient access to shops, restaurants, and local services. The town centre is approximately 1km from the development land. The sea is around 5km away, with beaches approximately 10km from the site. Nearby golf facilities create additional appeal for lifestyle buyers and visitors. Faro Airport is approximately 27km away, supporting international accessibility. Mains water and drainage are available, which can assist with future infrastructure planning. The property also includes an existing ruin and benefits from easy access. Developers could investigate phased construction, unit sales, or rental operations, depending on the final delivery strategy. Potential returns may come from residential sales or Algarve rental demand, although ROI will depend on costs, values, regulations, and market performance. Independent legal, planning, and financial due diligence is recommended before committing to the purchase. Contact us today to explore this approved Boliqueime condominium investment.
• 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)
