Investment – Plot with Ruin in Estoi, Algarve

We are delighted to present this magnificent plot of land located in Estoi, Algarve. This is a unique opportunity for those seeking a promising investment in the real estate market of the eastern Algarve. Property Features -Total Area: 9,760m² -House in Ruins: 127m² -Renovation and Expansion Potential: The existing house, currently in ruins, can be restored to its original layout, including a kitchen, pantry, entrance hall, two bedrooms, and two cabanas with two rooms each. Alternatively, there is the potential to expand up to 200m², including provisions for a swimming pool and terraces, subject to approval by the Faro City Council. -Natural Surroundings: The property is surrounded by carob trees, olive trees, and almond trees, providing a serene and natural setting, ideal for those seeking a retreat in the Algarve. This property for sale in Estoi is an excellent opportunity for investors and individuals looking to build their dream home or develop a tourism project in the region. The prime location in the eastern Algarve, combined with the potential for renovation and expansion, makes this offer particularly attractive. Engel & Völkers: Engel & Völkers is a specialist in luxury real estate, with over 40 years of market experience. With a presence in more than 30 countries and a global team of 16,600 professionals, we offer exceptional service to help you find your dream home. For more information or to schedule a visit to this great investment property in Estoi, do not hesitate to contact us. The Engel & Völkers Faro-Tavira team is ready to provide the best support for your next real estate investment in the eastern Algarve.