Magnificent Rural Resort With Touristic Licence, 500m From The Sea
€ 2,750,000£ 2,343,112$ 2,934,297
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Moncarapacho, Eastern Algarve
Ownership Status: Private
Built in: n/a
926m2 Build size
€ 2,970£ 2,530$ 3,169
/ m2 build
25,120m2 Plot size
€ 109£ 92$ 116
/ m2 plot
Berkshire Hathaway HomeServices Portugal Property is very proud to offer a magnificent rural project with a touristic license, near the historic town of Olhao, just 500 metres from the sea. This is a great investment opportunity giving a return of approximately 8 to 10%.
This idyllic oasis consists of a total of 14 bedrooms and 11 bathrooms across 7 properties. It is situated in the Unesco-protected Ria Formosa Natural Park, in the heart of the unspoiled Eastern Algarve. The estate is 25,000 m2 and at its heart is the original 250-year-old whitewashed traditional Algarve farmhouse which is currently used by the owners. The holiday houses are located in three other buildings arranged in a way that gives a feeling of space and privacy for guests even when the resort is fully occupied. These spacious houses are set up for self-catering with well-equipped kitchens and BBQs.
There are 2 very comfortable one-bedroom houses, 2 two-bedroom houses, 3 larger-sized two-bedroom houses all with a private patio and BBQ and a private roof terrace with exquisite and tranquil views of the gardens, the Ria Formosa Nature Reserve and the sea. In addition, there is the main farmhouse with 3 bedrooms and 2 bathrooms.
The properties were renovated in 2012 and converted into rustic houses with elegant decoration. The architecture preserves the typical Algarvian style with handmade roofing, chimneys and carved stonework.
The resort has two pools, a natural swimming lake with a mini beach, 4,000 m2 of fragrant gardens and a vegetable garden with seasonal strawberries, melons, watermelons, peppers, cucumbers, tomatoes and chilli plants. Scattered through the fields and gardens are vines, citrus, pomegranate, fig, carob, almond and olive trees. All the fruits and vegetables are produced organically. Growing on the private patios and throughout the gardens, there is fresh mint, oregano, thyme, sage and other herbs for use in cooking.
Nearby is the town of Olhao which is 650 years old very un-touristic and lively. It is a Moorish-looking old town, with a crumbling, charming and faded centre and cobbled pedestrian streets full of shops, cafes and markets - including the best fish market in the Algarve.
This is the perfect business opportunity - a charming countryside retreat near the sea where you can make a substantial return on your investment and enjoy a fantastic lifestyle all just 30 minutes from Faro International Airport.
Covered dining area
Near the beach
The energy rating shows the energy efficiency of a building on a scale of A to G. The most efficient homes – which should have the lowest fuel bills – are in band A, whereas the most inefficient homes are in band G.
Moncarapacho is a small town in the Eastern Algarve, which has retained its traditional Portuguese charm.
The town offers all of the basic facilities including 3 supermarkets, a small local produce market, and plenty of restaurants and cafes to keep you entertained. The town is centered around a beautiful cobbled square and church.
It is an ideal base to explore the rest of the Eastern Algarve and beyond.
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