The Pine Valley investment plot in Olhos de Água is approximately 2 km from the nearest beach and is suitable for an approved tourism development. It is offered for sale at €13,900,000, including the 60,125 m² plot and the approved aparthotel project. The scheme is intended for a four-star aparthotel with up to 150 units. This makes the site relevant to buyers searching for an Algarve development plot with an established hospitality concept. The approved buildings may reach a maximum of two storeys. The project allows around 19,800 m² of construction area. It also includes approximately 4,800 m² of basement area. Such a large landholding offers meaningful scale for a professionally managed tourism project. The coastal position places the development close to beaches and the amenities of Olhos de Água. Olhos de Água is approximately 2.5 km away, while Albufeira is about 7 km from the plot. Guests could benefit from access to beaches, restaurants, shops and the wider Algarve leisure market. Golf facilities are located roughly 3 km away. Faro Airport is approximately 32 km distant, supporting access for international visitors. The location may appeal to operators targeting holiday accommodation in a popular year-round destination. An approved project can provide a clearer starting point for feasibility studies than raw land without a defined proposal. Investors may explore rental and aparthotel income potential once construction and operation are completed. The purchase price does not include the cost of constructing the buildings. Financial modelling should therefore account for construction, licensing, finance, staffing and operating expenses. Review the available project documents and planning information before committing to the acquisition. Contact us to evaluate this Algarve tourism investment plot and request the full development details.
Usage
Commercial
Type
Plot
Town
Olhos de Água
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Plot Area
60.125 m²
● Distance to the nearest beach 2 km
● The price includes the plot and the approved project but not the construction of the building
This plot has an approved project proposing the implantation of a 4 Star aparthotel for touristic use.
The total plot area has 60,125m² with a construction area of 19.800m² plus 4.800m² of basement area.
The approved construction of the buildings permits a maximum of 2 storeys and 150 units.
Location
• Distance to the nearest beach - 2 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
