Exceptional Investment Opportunity in Santa Bárbara de Nexe - Algarve

€599,000

4 Rooms
3 Bedrooms
2 Bathrooms
171 m² Total surface
2,748 m² Plot surface

Description

Discover this stunning south-facing plot, perfectly located on the outskirts of Santa Bárbara de Nexe. This unique property offers two distinct and lucrative development options, catering to families and investors alike. Option 1: Renovate and Expand Transform the existing 171 m² house into a beautiful family home or a high-income rental property. -Potential for panoramic sea views from the first floor and even from the ground floor due to the plot's natural slope. -Ideal for a spacious residence project featuring two interlinked living areas, a central courtyard, and a large private pool. -Flexible setup allows for partial rental income, while retaining privacy for your personal use. Option 2: Investor’s Dream – Build a Condominium Take advantage of the plot's urban expansion zoning that permits the construction of 1,000 m² across multiple units. -Perfect for a high-demand condominium project. -Lower section of the plot is ideal for creating a 250 m² communal area with a pool and shared amenities, enhancing the property's market appeal. Property Highlights 1.Fully serviced: Mains water, electricity, and sewage ready to connect. 2.Dual private entrances, offering flexibility in design and access. 3.Uninterrupted views of the sea and surrounding countryside. 4.Strategic location: Just 15–20 minutes from Faro Airport. Close to pristine beaches, world-class golf courses, international schools, and medical facilities. Walking distance to Santa Bárbara de Nexe village centre, known for its local dining and lively community atmosphere. Your Opportunity to Build in the Algarve This property offers a rare chance to develop a dream project in one of the Algarve's most sought-after areas. Whether you envision a luxurious family retreat or a profitable investment venture, this plot provides the perfect foundation. Act now! Opportunities like this are rare. Contact Engel & Völkers Faro-Tavira for more details. Our experienced team is ready to guide you through every step of this exciting investment journey.

Features

BalconyGardenSea/Lake viewTerraceWaterfrontGreen viewMountain viewOpen view

Engel & Völkers Faro - Tavira

+351 938 533 413

Your advisor: Orsolya Mercz

Property ID: W-02Y4EX

Location: Santa Bárbara de Nexe, Santa Bárbara de Nexe

Discover Santa Bárbara de Nexe: Your Gateway to Algarve Luxury Living. Located in a serene residential area of Santa Bárbara de Nexe, this villa offers access to a variety of amenities. From supermarkets to nice cafes, markets, and restaurants, everything is just a leisurely stroll away. Santa Bárbara is conveniently located only 10 minutes from the airport, ensuring effortless connectivity. Immerse yourself in modern comforts with the nearby Mar Shopping Center featuring a Designer Outlet and Ikea. Then, escape to the breathtaking beaches or tee off at the prestigious golf courses of Quinta do Lago. Do not miss this unique opportunity to live in the beautiful Algarve!

Commission details

The Amounts related to outstanding fees of any kind, as well as registration costs for leases, must be paid by the owner. The mediator commission must be paid by the owner, as stipulated by the Portuguese law. Property availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot guarantee that it is accurate or complete at any time, therefore it cannot be relied to us any responsibility regarding that. This offer is subject to errors, omissions, price changes or withdrawal without notice, and it cannot be relied to us any responsibility for that.