An investment property for sale near Boliqueime with an approved gated condominium project is available for €3,500,000. The opportunity comprises a 7,598 m² residential plot and an existing ruin in an elevated Algarve location. Its approved plan is for 15 houses, offering a substantial development proposition rather than a single residential unit. Four of the proposed villas are T4 homes with offices, while eleven are T3 homes with offices. Every villa is planned to include a basement, individual swimming pool and rooftop space. Residents are also set to benefit from a communal pool within the gated condominium. A playground and an administration and meeting room are included in the communal facilities. The project can appeal to developers seeking a sizeable residential scheme close to Boliqueime. The plot has mains water and drainage, helping support the planned infrastructure requirements. Easy access adds practical appeal for construction logistics and future occupants. From its elevated position, the land enjoys countryside views and distant views towards the sea. Boliqueime centre is only about 1 km away. Local schools are approximately 4 km from the site. The coast is around 5 km away, with beaches approximately 10 km distant. The nearest golf course is also about 10 km away. Faro Airport is approximately 27 km from the development opportunity. Future owners could market the villas to permanent residents, holiday-home buyers or long-term tenants, subject to applicable regulations and market conditions. The planned mix of three- and four-bedroom homes creates flexibility for different buyer profiles. Potential returns, construction costs and exit strategies should be assessed independently as part of professional due diligence. Contact us to explore this approved Boliqueime development opportunity and request the available project information.
• 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)
