The asking price for the approved 137-unit wellness resort development near Albufeira is €8,900,000. This price covers the 25,060 m² plot in Olhos de Água and the approved project, but it does not include construction costs. The opportunity is aimed at buyers and investors looking for a large-scale Algarve tourism development with wellness potential. The project allows for a maximum of 137 units across two main areas. The eastern buildings are planned to focus on health and wellness services. Proposed eastern facilities include a reception, communal spaces and a fully equipped clinic specialising in rejuvenation. The western buildings are designed to offer a more relaxed environment for families. The western wing would also provide access to wellness facilities and other shared resort amenities. This arrangement could create a flexible product for wellness retreats, family holidays and longer stays. The plot is located at Pine Valley Resort in Vale Navio, within the Olhos de Água area. The nearest beach is approximately 4 kilometres away. Olhos de Água is about 2.5 kilometres from the development, and Albufeira is around 7 kilometres away. Faro Airport is approximately 32 kilometres from the site. Golf facilities are located roughly 3 kilometres away, adding to the area's leisure appeal. The location may support future accommodation demand from domestic and international visitors. Potential revenue sources could include tourist rentals, wellness programmes, clinic services and resort amenities. Buyers should obtain detailed construction quotations and confirm all planning, licensing and operational requirements. Projected ROI, occupancy and rental income are not guaranteed and should be tested through independent feasibility advice. The approved project gives investors a defined concept from which to develop a detailed business plan. Contact ICONICA Properties to request the available documentation and arrange a viewing of this Algarve development opportunity.
Usage
Commercial
Type
Plot
Town
Olhos de Água
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Plot Area
25.060 m²
● Distance to the nearest beach - 4 km
● The price includes the plot and the approved project but not the construction of the building
This plot has an approved project for a Wellness Resort. The development is divided in two main areas with a maximum of 137 units. The two east buildings will focus more on health and wellness of the resort. They will have a reception and other communal facilities but also feature a fully equipped clinic specialized in rejuvenation.
The two west buildings will have a more relaxed feel appropriate for families. The west wing will also have access to the wellness facilities and other communal amenities.
Location
• Distance to the nearest beach - 4 kms
• Distance to Faro airport - 32 kms
• Distance to Golf - 3 kms
• Distance to Olhos de Água - 2,5 kms
• Distance to Albufeira - 7 kms
