This 25,060 m² plot for sale near the Algarve beaches has an approved tourism development project in Olhos de Água. It is priced at €8,900,000, with the approved project included but construction excluded. The proposal allows for a wellness resort with a maximum of 137 units. The site is approximately 4 kilometres from the nearest beach. Olhos de Água is around 2.5 kilometres away, while Albufeira is approximately 7 kilometres from the plot. This places the planned resort within reach of coastal attractions, restaurants, shops and visitor services. Faro Airport is about 32 kilometres away. Golf facilities are available approximately 3 kilometres from the development. The property is located at Pine Valley Resort in Vale Navio. The approved scheme is organised into eastern and western buildings. The eastern section is intended to focus on health and wellness. It is planned to include reception and communal facilities. The concept also provides for a fully equipped clinic specialising in rejuvenation. The western section is designed for families seeking a more relaxed resort setting. Access to wellness and communal amenities is planned for this wing as well. This combination could help an operator appeal to both health-focused visitors and family holidaymakers. The approved tourism framework may provide a valuable foundation for an investor planning a new Algarve hospitality destination. Potential income could come from tourist accommodation, wellness programmes, retreats and associated services. No rental return or ROI is guaranteed, and financial performance would depend on delivery, positioning, management and demand. Construction expenditure, operational approvals and final development details require separate assessment. Prospective purchasers should review the planning documents and obtain independent legal, technical and financial advice. Contact us to learn more about this approved coastal-area development plot and arrange a detailed consultation.
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
