House for sale in Albufeira (Olhos de Agua), Portugal

• 7880 m² of land (84820 sqFt)
• N/C

This urban land for sale in the Corcovada area of Albufeira presents a unique opportunity for investors or developers. The property consists of two plots totaling 7880 sqm, with a set of two buildings designated for the construction of 8 detached houses, each with their own swimming pool and engine room. The sales price includes the architectural design, preliminary study, and 3D images, making it an attractive proposition for those looking to develop luxury homes in a prime location. The planned project includes two condominiums, each comprising 4 spacious 4-bedroom houses. The construction rates proposed for these single-family houses are below that stipulated by the P.U.C.A., allowing for the potential construction of 2 additional houses on the land. Requests for prior information have been validated by the City Council, giving buyers peace of mind when it comes to the development potential of the property. With its prime location in Albufeira and the included design and planning aspects, this property offers a fantastic opportunity for those looking to invest in the real estate market. As for the price of 1,650,000, it reflects the value of the land, the included architectural plans, and the potential for development. Given the prime location and the scope of the project, this price presents good value for those looking to capitalize on the burgeoning real estate market in Albufeira.