House for sale in Ponta Do Sol, Portugal

• 3339 m² of land (35941 sqFt)
• N/C

Here is your dream investment opportunity: an expansive 3339 M² property in Ponta Do Sol divided into 4 distinct projects, each with its own individual license and address. This unique setup allows for separate development and potential resale or rental, tailored to your preferences. Plot No. 1 features an old house with a pool, perfect for a renovation project spanning 404 M². Plot No. 2 and Plot No. 3 offer twin houses ideal for holiday rentals, with 894 M² and 740 M² of space respectively. Plot No. 4 boasts a main house with a pool occupying 1163 M² of land. Additionally, a large Levada tank with ample capacity is included, ensuring water supply for all four plots. Situated just five minutes from the heart of Ponta de Sol, this property enjoys a tranquil and picturesque setting. Perfect for a residential or tourist village, it is conveniently located near both public and private services, as well as popular tourist attractions. Offering unobstructed views, south-facing orientation, and stunning sunsets, this property promises an idyllic living experience. The potential of this property is immense, with the possibility of developing five Type T1 houses across plots 1, 2, and 3. Twin houses on plots 2 and 3 can be combined to create a larger Type T2 dwelling. Furthermore, a larger Type T2 dwelling with 2 en-suite rooms can be envisioned. With the right vision and management, the combined projects have the potential to generate significant rental income. Priced at 600,000, this property offers a unique opportunity for investment and development in a highly desirable location.