The plot at Pine Valley Resort, Vale Navio, is a 25,060 square metre site for sale near Olhos de Água with an approved project for up to 137 tourist units. It is available for €8,900,000, with the price including the land and approved project but excluding construction costs. This commercial development site is designed for a wellness resort with substantial communal facilities. The property is located in Olhos de Água, within the municipality of Albufeira. The proposed development is organised into two principal areas with distinct guest experiences. Two eastern buildings are focused on health and wellness uses. Their planned facilities include reception space, communal areas and a fully equipped rejuvenation clinic. Two western buildings are intended to provide a calmer setting for families. The western wing would still provide access to the wellness facilities and shared resort amenities. The approved arrangement offers flexibility for a resort aimed at wellness visitors, families and leisure tourists. Investors may be able to develop accommodation income alongside specialist wellbeing and hospitality services, subject to the project conditions. The nearest beach is approximately 4 kilometres from the site. Olhos de Água is about 2.5 kilometres away for local dining, shops and coastal amenities. Albufeira is approximately 7 kilometres from the plot and provides a wider range of services and entertainment. Golf is available at an estimated distance of 3 kilometres. Faro Airport is around 32 kilometres away, which is practical for international visitor access. A location close to beaches and golf may help support demand across different tourism seasons. The approved project provides a defined concept for buyers looking for development land with planning progress already in place. Prospective purchasers should confirm all permissions, technical obligations, infrastructure arrangements and construction costs before committing. Request the available documentation from ICONICA Properties and arrange a site visit to assess this Algarve plot.
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
