Castro Marim (Algarve), Faro (Algarve) 8950-011, Portugal

MLS#: C0223-06963

$2,517,795 USD

€2,400,000 EUR

Minimum sellable space
5,590m²
The details

Property features

Date Updated: Nov 29, 2024

Area

Land/Lot size
5,590m²

Description

Investment Opportunity: Enchanting 64ha Mixed Plot with Urban Potential and Agricultural Riches!Discover the untapped potential of this captivating 64-acre mixed plot in the heart of Azinhal, Council of Castro de Marim - Algarve.Tailored for astute investors, this unique offering is a mix of agricultural potential and urban possibilities, making it an investment like no other!It is extremely rare to find such an amount of land in the Algarve with so much potential, both Rural and Urban.With a vast 638.940m2, the property has a total of 5.590m2 urbanized area, composed of four ruins dated way before 1951, meaning, each has granted permission for a complete rebuild.Imagine breathing new life into these historical remnants, creating bespoke residences that seamlessly integrate the charm of the past with the comforts of modern living...The remaining 633.350m2 stands as rustic/agricultural land, promising an agrarian haven with boundless potential.You have olive trees, figs, carob trees, oranges, avocados, and much more!Adding to all this potential, you will also find awe-inspiring sea views that stretch beyond the horizon, providing a picturesque backdrop for a future country house or farm. You have a 180º gorgeous view over the Atlantic Ocean, the Guadiana River, and even Spain!Regarding its location, the property is located in the Parish of Azinhal, within the Council of Castro de Marim, where you can have a blend of tranquility and accessibility while being strategically positioned for future development opportunities.Let your imagination run wild, with such an expansive piece of land at your disposal! Whether you envision a serene country escape, a thriving agricultural venture, or a combination of both, this property provides the groundwork for your dreams to flourish!Contact us now to schedule a visit, and embark on a journey of transformation and prosperity! Leave your mark in Castro de Marim, Algarve!Final notes on the property:- Total area of the plot: 638.940m2, of which 633.350m2 are Rustic/Agricultural- 5.590m2 of Urban Plot, divided in the following manner:Ruin A)320m2 Urban Plot / 320m2 Gross Construction AreaRuin B) 1520m2 Urban Plot / 111m2 Gross Construction AreaRuin C)3350m2 Urban Plot / 90m2 Gross Construction AreaRuin D)400m2 Urban Plot / 146m2 Gross Construction Area

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Location

Castro Marim (Algarve), Faro (Algarve) 8950-011, Portugal
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