Buying this development plot provides an approved 15-house project only 1 km from Boliqueime town. The property is offered for €3,500,000 and covers approximately 7,598 m², with an existing ruin included. Its close connection to the town combines development potential with convenient access to local amenities. The elevated position creates countryside views and distant sea views from the site. The approved plan includes four T4 villas with offices and eleven T3 villas with offices. All proposed homes are designed to have basements, individual swimming pools and rooftop areas. A communal pool is planned for the gated condominium as an additional shared amenity. The development will also include an administration and meeting room for residents or management use. A playground is planned, making the concept suitable for families and multi-generational buyers. Mains water and drainage are already available. Easy access supports the practical requirements of a substantial residential construction project. The beach is approximately 10 km away, while the sea is around 5 km from the site. Golf is available within roughly 10 km, adding to the area’s appeal for leisure-focused purchasers. Faro Airport is approximately 27 km away, supporting access for international owners and visitors. The nearest school is about 4 km away, helping to make the location suitable for permanent living. A completed scheme could target local residents, second-home buyers, retirees or the Algarve rental market. Investors may compare potential returns from selling the villas individually with income from retaining selected units for rental. Any ROI assessment should account for construction, infrastructure, finance, taxes, management and market conditions. The approved project may offer a more advanced route than acquiring unconsented land, but independent legal and planning checks remain essential. Contact us to review the documentation and arrange a discussion about purchasing this Boliqueime development opportunity.
• Plot Size 7598m²
• 15 House Condominium Project
• Mains Water and Drainage
• Close to Town and Amenities
• Easy Access
• Sea Views from the distance
This plot is located in a highly elevated position very close to the centre of Boliqueime, offering fantastic views across the countryside and sea views.
The approved project consists of a condominium with 15 houses. There will be four T4 plus office and eleven T3 plus office. All the villas will have a basement, individual pool and rooftop.
The condominium will also have its own room for administration and meetings as well as a playground.
• Distance to Sea – 5km
• Distance to Beach – 10km
• Distance to Nearest Golf – 10km
• Distance from Airport – 27km
• Distance to Nearest School – 4km
• Distance to Nearest Town – 1km (Boliqueime)
