Large Property with Ocean Views & Approved Project for 9 Apartments – V. N. Gaia

Located on a hilltop in Vila Nova de Gaia, just 3 km from the center of Porto, this exceptional property offers breathtaking panoramic views of the Atlantic Ocean and the surrounding valley. With a total land area of 1,500 m² and approximately 1,000 m² of built area, it combines privacy, scale, and high investment potential.

Built in the 1960s using quality materials such as granite, marble, and tropical woods, the house extends across multiple floors and contains several independent units. It features generous terraces and balconies, providing excellent sunlight exposure and ample outdoor leisure space.

The property comprises multiple levels: the main floor offers 3 large bedrooms, 2 marble bathrooms, a kitchen, and a 60 m² living-dining area with sea views. Additional levels include multiple bedrooms, suites, kitchens, and bathrooms, plus a 400 m² basement convertible into apartments.

The property also has five enclosed garages and over 100 m² of storage area.

There is an approved Pedido de Informação Prévia (PIP) allowing the transformation and extension of the structure into a multifamily building with nine apartments, eleven parking spaces, and over 918 m² of housing area. The approved layout comprises four floors above ground and two below .

The property is located just 500 meters from the nearest metro station, ensuring quick and easy access to central Porto and the entire metropolitan area.

This is a unique opportunity for buyers seeking a flexible-use property suitable for multifamily living, student or senior housing, a boutique guesthouse with short-term rental licensing, or a full redevelopment project already approved by the local authorities.

Features

• Furnished
• Heating
• Garage
• Parking
• Terrace/Balcony
• BBQ
• Laundry room
• Storage room
• Spacious
• Features great views
• Sea view
• Morning sun
• Evening sun
• Near school(s)
• Near a golf course
• Near the beach

Energy rating

• A+
• A
• B
• B-
• C
• D
• E
• F
• G

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.