The asking price for this 4,690 m² rural tourism site near Ferragudo is €1,450,000. The land is planned for a 14-apartment tourism development with an estimated construction area of approximately 2,000 m². The opportunity is situated in Estômbar, in the Lagoa area of the western Algarve. The proposed scheme comprises two buildings, each with two floors. Ten of the planned apartments are designed with three bedrooms, while two have two bedrooms and two have one bedroom. This makes the project suitable for buyers considering a small resort, rural tourism complex or managed holiday rental business. The plans include a swimming pool and landscaped green areas for guest enjoyment. A reception desk, commercial area and bar are also proposed. Further facilities include a laundry and recreation room. Parking provision is intended to include an underground garage for ten vehicles. Outdoor parking for a further 25 vehicles is listed among the site amenities. Lockable storage areas could provide operational support for owners and future management teams. The plot has a partial view of Gramacho golf course and a countryside outlook. The nearest beach is approximately 2.4 km away, with the sea around 1.5 km from the site. Two golf courses, restaurants and shops are accessible within about a five-minute drive. Ferragudo’s centre is also roughly five minutes away by car. The rural tourism licence is awaiting final approval, although pre-guidance is in place and the listing indicates that approval is expected at or before sale. Buyers should note that the €1,450,000 price includes the plot only and does not cover construction costs. A detailed feasibility study should consider build costs, licensing, finance, management, occupancy and potential ROI before purchase. Contact us to request the plans, clarify the approval status and arrange the next steps for this Algarve development opportunity.
• Plot area 4690 m²
• Construction area 2000 m²
• Two floors
• 15 houses
• Rural tourism license awaiting approval
• The price includes the plot only, not the construction costs
• Nearest beach 2.4km
With a partial view of Gramacho golf, this plot of land with 4. 690 m² has a construction project in the context of "Tourism in Rural Areas". The plan is to construct 2 two story buildings comprising of 14 rental units. 10 x 3 bedroom, 2 x 2 bedroom and 2 x 1 bedroom. Front desk, commercial area, swimming pool, bar, laundry, recreation room, green areas and an underground car park with lockable storage areas.
Subject to final approval but has pre-guidance, this will be approved and will be at the time of sale or before. Awaiting documentation.
Ideally located only 5 minutes’ drive from two of the Algarve's best golf courses, good quality restaurants and shops, 5 minutes from the center of the popular fishing town of Ferragudo. Opportunity to change plans before construction.
Amenities
• Underground garage for 10 vehicles
• Outdoor parking for 25 vehicles
• Lockable storage areas
• Option to change plans and add extra rooms
Location
• Distance to the sea – 1.5km
• Nearest town 1.4km
• Nearest beach 2.4km
• Nearest school 1km
• Nearest golf 2.5km
• Distance to airport 66km
