Rustic Land for Sale, Altura, Castro Marim, Faro (Algarve), in Portugal

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Property details

• District
  Faro (Algarve)
• County
  Castro Marim
• Locality
  Altura

• Area
  2000 m²
• Plot area
  178198 m²
  

• Price
  11.500.000 €
• Energy Rating
  D

• Property code
  CS-TER-86453

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Description

Investment Opportunity in the Algarve - Land with Potential for Tourism Development.

We present a unique property with a total area of 178,198 m², comprising three independent plots, each with over 50,000 m², formerly home to a water park (now deactivated).

This land offers strong potential for tourism development, supported by positive feedback from Preliminary Information Requests (PIP) issued by the local municipality, allowing for:

The construction of a hotel,

A caravan park,

And a bungalow resort.

Prime Location
Ideally situated next to the main national road and with direct access to the A22 motorway, this property benefits from excellent visibility and accessibility, located by a key roundabout.

Surrounding Area
Set in the heart of the Eastern Algarve (Sotavento), this location is within close proximity to some of the region's most stunning beaches:

Manta Rota Beach,

Praia Verde,

Altura Beach.

The Eastern Algarve is known for its natural beauty, year-round mild climate, and growing appeal to both national and international tourists, making it one of the most promising areas in southern Portugal for real estate investment.

A rare opportunity to develop a tourism project in one of the Algarve's most sought-after regions.

Contact us for more information or to schedule a visit.