The cost of this impressive hillside property near Silves is €1,200,000, offering excellent value for a unique investment opportunity in the Algarve. Positioned on a vast 28.7-hectare estate, this current fruit farm comes with pre-approval for a hotel project that could provide up to 2000 m² of construction area. Perfect for buyers looking to tap into the Algarve's burgeoning tourism market, the property's location offers breathtaking 360-degree views and easy access to nearby amenities in Silves. The estate is adorned with tranquil lakes and a charming stream, ideal for setting up a serene getaway or retreat. The existing 3-bedroom, 2-bathroom house can be renovated or replaced to introduce additional accommodation options. This is an excellent chance to invest in rural tourism, benefitting from the region's attractive lifestyle and natural beauty. With proximity to outdoor activities like golf and only a short drive to the beach, this property is as versatile as it is appealing. Discover this unique investment opportunity now and bring your vision to life! Contact us for more details.
• 3 Bedrooms, 2 Bathrooms
• Living area 142m², Construction area 188m²
• Total Plot area 287,280m²
• Applied Project for hotel up to 2000m²
• 12.000 Medronho trees
• Close to Silves
• 360º country views
• Distance from beach 17km
Located within the rolling hills of the Serra de Silves, close to the medieval town of Silves - you will find this impressive estate. The big plot has the pre-approval for a project in Rural Tourism which would replace the current house, if desired to a construction area of up to 2,000m². The summit of the estate offers 360º panoramic views. The plot has its own water supply and irrigation system featuring several terraces, medronho, pine and other fruit trees which will be ideal for agricultural or rural tourism.
House for Renovation
• 3 bedrooms, 2 bathrooms
• Pre-51 habitable country house
• Pre-approved project for hotel to replace the house with allowed 2000m²
• Next to Serra de Silves Natural Park
• Fenced garden
Exterior:
• Two natural lakes that supply water for the orchards
• River that supplies water for the garden and trees
• 12.000 medronho trees
• Carport and gravelled drive with spaces for several cars
• Pre-approval for a pool and a natural swimming lake
Amenities
• 2 boreholes and a well
• Autodrip irrigation system with 32km of pipes and own water supply
• Septic tank
• Mains electricity
• Possible to connect to mains water
Location
Location
• 17km to the nearest beach
• 9km to golf
• 2.8km to nearest school
• 63km to Faro Airport
