Description
House with Urban Land for Construction - Altura, Algarve
Investment Opportunity with Immediate Expansion or Tourism Project Feasibility
This property consists of an existing house on an urban plot of 1,400sqm, located in Altura, a parish in the municipality of Castro Marim, one of the fastest-growing and most sought-after tourist areas in the eastern Algarve.
With approved construction viability up to 360sqm, this asset allows you to:
Expand the existing house for personal use or short-term rental (Alojamento Local)
Build three semi-detached houses with potential for sale or tourism exploitation
Develop a phased modular project combining residential and tourism use
This is a solid investment with high profitability potential, given the scarcity of land with these characteristics so close to the sea and within a well-established urban area.
Strategic Location with Close Proximity to Everything:
Altura Beach just 2 km away (5 minutes by car or bike)
Essential commerce and services at 500 meters: supermarkets, pharmacies, schools, church, restaurants, cafés, banks, and bakeries
Vila Real de Santo António 10 minutes away
Tavira 20 minutes away
Faro International Airport 40 minutes away
Seville (Spain) just 1h30 away, via A22/A49 highways
This location guarantees accessibility not only for national clients but also for the Spanish market and international tourism, seeking quiet residential areas close to the beach with excellent access.
Potential for Larger Scale Project - 85,000sqm Available
There is the possibility to acquire additional surrounding land, totaling up to 85,000sqm, with a total price of €2,500,000. This size opens doors to:
Tourism developments
Private condominiums
Ecological or mixed residential projects
The existence of a house on the site also allows for immediate tourism exploitation (such as short-term rental) while planning and licensing the larger-scale project, ensuring cash flow from the start.
Profitability and Appreciation Perspective:
Altura is one of the most sought-after areas in the Algarve for families and tourists, thanks to its extensive beach, family-friendly environment, and proximity to Spain
Demand for houses in short-term rental exceeds supply, with occupancy rates above 80% for much of the year
The price per square meter in the area has steadily increased, both for resale and rental, guaranteeing continuous asset appreciation
This property is ideal for those looking to build, resell, rent, or exploit tourism-wise with clear and immediate returns.
About Casas do Sotavento Real Estate Agency
Casas do Sotavento is a family-run real estate agency with a solid national and international reputation, specializing in the eastern Algarve market. With years of experience, we offer a complete, personalized, and transparent service that goes far beyond simple brokerage.
Our Services Include:
Real estate appraisal and consultancy: market analysis, fair and strategic property valuation aimed at maximizing client return
Property listing and promotion: targeted advertising on national and international platforms, digital marketing campaigns, professional photography, and videos to maximize property visibility
Legal and administrative support: assistance throughout the buying and selling process, from document verification to contracts and deeds, ensuring legal and financial security
Management and consultancy for Short-Term Rentals: technical support for licensing, operational management, and optimization of rental income
Consultancy for construction and rehabilitation projects: urban licensing assistance, contacts with architects, engineers, and trusted builders
Personalized and multilingual service: team prepared to assist both national and international clients, focusing on customer experience
Locations Where We Have a Presence:
Vila Real de Santo António Agency headquarters, at the heart of the eastern Algarve
Tavira Strategic center for investors and international buyers
Castro Marim Local team to support residential and tourism projects
Monte Gordo Direct presence for property management and personalized visits
Olhão Support for clients arriving via Faro Airport looking for properties throughout the Algarve region
Our local presence combined with an international partner network allows us to always be available to find the best solutions and ensure comprehensive support.
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