luxury listed houses for sale Evora, Portugal

The Herdade da Planície e do Alqueva, with 30 hectares of irrigated land, is located in the Évora region of Alentejo. The property has a flat morphology and consists of a vast cultivation of horticultural products, benefiting from an irrigation system supplied by the water concession from the Albufeira do Grande Lago do Alqueva.The land classification is Class A, with an extensive 180-degree waterfront access to the lake. The property also allows for the optional replacement of horticultural crops with olive groves or almond orchards, depending on the owner's preference.A key highlight is the vast urban construction area, exceeding 2,500 m² (residential house + rural buildings and courtyard), offering strong potential for a future tourism enterprise with stunning views and close proximity to Alqueva's waters.To better assess the property's value and justify its appraisal, the following criteria have been considered:Irrigated area with infrastructure, covering approximately 28 hectares | €1,600,000.00Urban area with over 2,500 m² of buildings, given its strong potential for tourism development | €1,100,000.00Infrastructure, rarity valuation index, and equipment | €950,000.00The property is equipped with electricity (PT), artesian wells, 2 pivots, and a high-power pumping system for drip irrigation, ensuring excellent accessibility. It is just 15 minutes from the A6 highway (Lisbon - Badajoz).Currently, the estate operates mainly as an agricultural business, but its productive capacity can be significantly enhanced, especially with the implementation of a future tourism unit. Even under current operations, the financial profitability is estimated at a net annual income of over €150,000, with a profit margin (ML) of 4.5% to 5.0%, with potential for further growth.The current owner is willing to stay for an additional two years to manage daily operations if such an agreement is reached between both parties. (Ref. FG603) Energy Rating: Exempt ref:FG603