Investing in this large approved resort development plot near Olhos de Água and Albufeira offers access to a 25,060 m² Algarve site priced at €8,900,000. The plot includes an approved wellness resort project with capacity for up to 137 units, although the purchase price does not include construction. Its scale and planning status may appeal to buyers seeking a substantial tourism development opportunity. The property is located at Pine Valley Resort in Vale Navio. Olhos de Água is approximately 2.5 kilometres away. Albufeira, one of the Algarve’s best-known visitor destinations, is around 7 kilometres from the site. The nearest beach is approximately 4 kilometres away. Golf is available about 3 kilometres from the plot. Faro Airport is roughly 32 kilometres away, supporting access for overseas guests and staff. The project is designed around wellness, healthy activities, nature and the Algarve climate. Two eastern buildings are planned with a stronger health and wellness focus. These buildings are intended to contain reception and shared resort facilities. They also feature a fully equipped clinic specialising in rejuvenation. Two western buildings are planned for families and a more relaxed holiday experience. The family-focused area would retain access to the wellness and communal facilities. This layout may allow the future operator to serve different guest segments without abandoning a coherent resort identity. Investment possibilities include tourist accommodation, wellness stays, health-related services and family holidays. The location may also support ancillary revenue from communal amenities and organised resort activities. Expected occupancy, rental income and ROI must be established through a full feasibility study rather than assumed. Buyers should account for construction, infrastructure, licensing, staffing and ongoing operational expenditure. The approved project and supporting documents should be checked by qualified planning, legal and financial advisers. Contact us now to explore this rare Algarve development opportunity and request the available project information.
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
