The Pine Valley plot in Olhos de Água is a plot for sale near an Algarve beach with an approved project for up to 150 tourist units. It is priced at €13,900,000 and the sale includes both the 60,125 m² site and the approved aparthotel project. This is a commercial land opportunity rather than a completed hotel, so construction costs are excluded from the asking price. The approved development is intended to operate as a four-star aparthotel for tourism. Buildings may reach a maximum of two storeys under the approved proposal. The planned accommodation capacity is 150 units. Approximately 19,800 m² of construction area is permitted, together with about 4,800 m² of basement space. The site is positioned around 2 kilometres from the nearest beach. Its coastal setting can support a strong holiday rental and aparthotel concept. Olhos de Água is approximately 2.5 kilometres away, offering local services and a recognised Algarve seaside environment. The plot is also only around 3 kilometres from nearby golf facilities. Albufeira, approximately 7 kilometres away, expands the catchment for leisure, dining and entertainment demand. Faro Airport is within roughly 32 kilometres, providing access for international visitors and future guests. The approved planning position may be attractive to buyers who want to avoid starting a project entirely from the beginning. A 150-unit scheme could provide operational scale for a professional hospitality business. Potential rental income and investment returns would depend on the final design, build budget, financing, operator strategy and occupancy levels. The land and project should be reviewed by the purchaser’s planning, legal and financial advisers. Buyers can request the available Pine Valley documents and assess the proposed development in detail. Contact us to learn more about this Algarve plot for sale and arrange the next steps.
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
