Approx. 3.2 Beachfront Acres
Approved Plans for a 50,000 SF Luxury Hotel
Eastern Algarve, Portugal
New Price 4.200.000 €
(Reduced from 5.500.000 €)
Magnificent Location & Investment Opportunity
Portugal’s beach-filled southern coastline has long been considered the country’s summer playground, and while the west side has enjoyed the lion’s share of the tourist trade since the 1970s, the east side, stretching from the central city of Faro to the Spanish border, is far more relaxing and infinitely more cool. This is where the smarter Europeans are buying (and renting out) their summer properties, and where hip expats are opening boutique hotels and hot restaurants. The sleepiness of the tiny towns and empty beaches weeds out the people who can’t sit in a chair for more than 10 minutes. The common denominator here, for both locals and tourists, is an innate ability to appreciate life.
Explore The Wonders & Beauty of the Eastern Algarve...
Municipality: Vila Real de Santo António
Village: Vila Nova de Cacela
Section: Eastern - Tavira
For Additional Information Please Contact:
Sotheby's International Realty advertises this property as a referring agent only, and will be referring buyers to the Listing Broker André Brites, SIR Portugal who will provide information about the property and negotiate any agreements for the purchase of this property. Any information provided by Sotheby’s International Realty about the property was provided to Sotheby’s International Realty by the Seller or the Listing Broker and has not been verified by Sotheby’s International Realty. Buyers should consult with their legal counsel or local real estate professional concerning the property or any resultant transaction.