An Algarve investment property with a working medronho farm and rural tourism potential is available near Silves for €1,200,000. The estate includes approximately 12,000 medronho trees, an existing three-bedroom farmhouse and a pre-approved project for rural tourism with up to 2,000m² of construction. Situated in the Serra de Silves, the property offers a rare combination of agricultural production and hospitality potential. Its total land area is approximately 287,280m², providing considerable space for future plans. The current farmhouse was built before 1951 and has 142m² of living area. It contains three bedrooms, two bathrooms and a traditional rustic kitchen. The lounge and dining space includes a fireplace suited to relaxed countryside living. A buyer could renovate the house for personal use while assessing the wider tourism opportunity. Alternatively, the existing home can be replaced through the pre-approved hotel project, subject to the relevant planning process. The working farm also includes citrus, pine and other fruit trees. Two natural lakes, a stream, a well and two boreholes contribute to the estate’s water infrastructure. An autodrip irrigation system with approximately 32km of pipes supports the orchards and medronho plantation. Mains electricity, a septic tank and outdoor parking are already in place. The upper areas of the land provide impressive 360-degree views over the Algarve countryside. There is also pre-approval for a pool and a natural swimming lake. Silves, with its historic medieval character, is close by and offers shops, services and everyday amenities. The nearest school is approximately 2.8km away, while golf is around 9km from the estate. The beach is approximately 17km away and Faro Airport is about 63km distant. The agricultural operation and future accommodation concept could create several income avenues, although actual ROI and rental performance will depend on development costs, management and market demand. Contact us today to assess the investment potential and arrange 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
