Buyers can purchase this 25,060 m² development plot in Olhos de Água, Albufeira, with an approved project for a wellness resort. The site is designed for a tourism development of up to 137 units, combining wellness facilities with accommodation for families and individual guests. The asking price is €8,900,000 for the plot and approved project, excluding construction costs. Located at Pine Valley Resort in Vale Navio, the land offers a substantial foundation for a major Algarve investment. The approved concept is divided into eastern and western buildings. The eastern buildings are planned around health and wellness services. They include reception areas, communal facilities and a fully equipped clinic focused on rejuvenation. The western buildings are intended to provide a more relaxed environment for families. Guests staying in the family-oriented wing would also have access to the wellness facilities and shared amenities. This mix of accommodation and specialist services could appeal to several tourism and hospitality markets. The plot is approximately 4 kilometres from the nearest beach. Olhos de Água is around 2.5 kilometres away, providing access to local shops, restaurants and coastal amenities. Albufeira is approximately 7 kilometres from the development site. Golf facilities are available roughly 3 kilometres away. Faro Airport is situated around 32 kilometres from the plot, supporting international visitor access. The approved project gives investors a defined development direction rather than an entirely undeveloped concept. Its wellness positioning may support future accommodation, retreat and health-focused tourism strategies. The scale of the land allows the project to benefit from carefully planned communal areas and a coherent resort identity. Buyers should assess construction budgets, operating plans, licensing conditions and potential rental performance before proceeding. Contact us today to discuss this approved Algarve development opportunity and arrange further information.
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
