€ 1,260,000 £ 1,104,830 $ 1,369,934
Reference PP173067
Azores
Land
Built in: n/a
5,989m2 Plot size
€ 210 £ 184 $ 228 / m2 plot
€ 1,260,000 £ 1,104,830 $ 1,369,934
Reference PP173067
Azores
Land
Built in: n/a
5,989m2 Plot size
€ 210 £ 184 $ 228 / m2 plot
€ 1,260,000 £ 1,104,830 $ 1,369,934
Reference: PP173067
Land
Azores
1 Bathrooms
Ownership Status: Private
Built in: n/a
5,989m2 Plot size
€ 210 £ 184 $ 228 / m2 plot
Welcome! This slice of oceanfront paradise is ready to be yours.
Possibilities are endless for this property. The purchaser has the opportunity to customize the existing plans, add bungalows, or transition the project into a private residence and enjoy one's own oceanfront oasis.
The existing property can also be purchased by a developer/investor and sold off to buyers as golden visa opportunities.
This oceanfront property already has cleared all the red tape and just needs you to take it over the finish line. Everything in place for your dream home or hotel: Permits? Approved. Construction? Already started! Water views? Spectacular!
The current plans include a six-suite hotel, with each guest staying in a studio with private living quarters, each with a bedroom & ensuite bathroom, plus a patio overlooking the grounds.
The hotel also boasts plenty of communal space for guests, including a pool & sun deck, saunas, a fitness center, a jacuzzi, a Turkish bath and a bar with a small restaurant.
A landscape architect designed the property to take advantage of natural beauty and stunning ocean views. The plan includes extensive gardens, a private waterfall grotto with koi pond, a nature preserve and hiking trails.
Current permits in place, this project is estimated to cost between €400,000 - €600,000 ($390,000 - $588,000 Oct’22) to complete. However, the property is being sold AS-IS, so you can switch gears and build a bigger hotel, an extensive vacation home, or additional guest bungalows after acquiring local permits and approvals.
Located in the picturesque parish of Ponta Garca in Villa Franca do Compo. The property is easy to access from the highway, and there is a public parking area approximately 5 meters from the property. This quiet part of Sao Miguel island includes quaint cafes and a town square, with people on horseback sharing the road with vehicles. This oceanfront community is just 30 minutes from the Sao Miguel airport and ideally situated half-way between Ponta Delgada (the capital of Azores) and a variety of outdoor recreation activities in Furnas' hot springs, waterfalls, ecological hiking trails.
Reference: PP173067
Land
Azores
1 Bathrooms
Ownership Status: Private
Built in: n/a
5,989m2 Plot size
€ 210 £ 184 $ 228 / m2 plot
Taxes and Expense : € 0.00
Loan amount : € 0.00
Your monthly payments : € 0.00
Speak to anyone in our team and we will be happy to help.
Send your enquiry through now.
Yours sincerely,
Mariana Madeira
in our global Network
Portugal • USA • Canada • Mexico • Dubai • London • Spain • Italy • Germany