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What is the best investment plot near Algarve beaches with permission for a luxury villa?

Plot in Praia da Luz

ref. LW2374
310.000€
  • NA
  • 414m2

A strong investment plot near Algarve beaches is available between Praia da Luz and Burgau for €310,000. The 414m² plot comes with an approved project for a luxury villa of approximately 144m² with a private pool. Construction is not included in the asking price, so buyers can plan their overall budget from the outset. Its coastal position and approved development framework may appeal to investors seeking a holiday home or rental property. The project allows a three-bedroom villa on the featured plot, with four-bedroom alternatives available within the development. Homes are designed over two above-ground floors and one lower-ground floor. Private swimming pools and walled gardens are included in the proposed layouts. The development will contain just 10 plots, offering a more limited and potentially desirable supply of new homes. Six detached and four linked villa designs provide flexibility for different investment strategies. Plot sizes across the project extend from 414m² to 1,059m². Permitted construction areas range from 144m² to 184m². The nearest beach is only 2.6 kilometres away. Praia da Luz is approximately 2.4 kilometres from the site, while Burgau is also close by. Holidaymakers can access coastal walks, restaurants, local shops and beaches without being far from the villa. Espiche Golf Course is within approximately 7.6 kilometres, adding another leisure attraction for visitors. A nearby school around 1.5 kilometres away supports longer-term residential appeal. Mains utilities and private parking help simplify the eventual ownership experience. Potential rental income and ROI will depend on build costs, furnishing, management, seasonality and local demand. Contact us for the approved plans, current availability and a detailed discussion about this Algarve investment opportunity.

Usage
Residential
Type
Plot
Town
Praia da Luz
Parish
Luz
Municipality
Lagos, Faro
Region
Algarve (West)
Floors
3
Usable area
144 m²
Plot Area
414 m²
Tarmac
Parking outdoors, Private Parking
Private
Countryside View
● Total construction area starts from 144m²
● Plot sizes start from 414m²
● 3 and 4 bedrooms available
● Located between Praia da Luz and Burgau
● 2.6 km to the nearest Beach
● Price does not include the construction

The urbanization will consist of 10 plots with contruction areas between 144m² to 184m² and between 414m² - 1059m² for total plot areas. The approved project allows the construction of 3 and 4 bedroom houses with a swimming pool, and two floors above ground and one floor below ground.

There are 6 detached villas and 4 linked villa designs/plots.
This new development will be highly sought-after, with its location being close to shops, schools, restaurants and beaches making this a great investment choice as a family or holiday home.

The property consists of:
• 2 floors above ground
• 1 lower ground floor

Outside
• Swimming pool
• Walled gardens

Amenities

• Connections to mains utilities

Location

• 2,6km from the Beach
• 2,4km to Praia da Luz
• 7,6km to nearest golf course (Espiche)
• 1,5km to nearest school
• 93,2km to Faro Airport

Other Info

Price does not include construction
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