The investment potential for this hillside farmhouse near Silves is exceptional, especially with its existing pre-approved project for rural tourism. Valued at €1,200,000, the property spans 28.7 hectares, offering ample space for development while preserving its beautiful natural surroundings. Investors can leverage this farm's current working fruit production—boasting 12,000 medronho trees and two natural lakes—to create a unique agricultural and tourism experience. A pre-approved project allows for the construction of a hotel up to 2,000m², tapping into the lucrative Algarve tourism market. The current house, a charming three-bedroom, could be renovated or replaced under the new development plans, creating further investment avenues. This property combines potential for immediate rental income with long-term appreciation due to its ideal location. The picturesque views and proximity to Silves make it highly desirable for both tourists and locals. Serious buyers should act quickly to secure this investment opportunity. Contact us today to discuss your options and organise a viewing!
• 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
