House Olhão (Portugal) Price: $ 1,412,800 USD

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Bedrooms 8  Bathrooms 7  Land 1.2 ha

Moncarapacho Fuseta Traditional country house with pool.A charming, traditional Portuguese villa converted into 6 individual holiday rental apartments, plus separate spacious private living quarters, ideal for permanent living. It Can be fully or partially returned to a family home.Located only 6 minutes drive to the nearest beach of Fuseta (and the Ria Formosa nature reserve) and walking distance to the village of Moncarapacho. It is centrally located between the coast and the beautiful hinterland, perfect for exploring the hidden treasures of the Algarve. Not far from Olhão and Tavira, considered the most iconic cities of the East Algarve. There is also quick access to the airport (25 minutes).On the ground floor, with a private independent entrance and terrace, the main unit of about 115m² is composed of a beautiful living/dining room with traditional finishings, a kitchen with professional stainless restaurant cooking appliances, 2 large bedrooms and a bathroom. This space is well separated from the commercial area, and is ideal accommodation for owners or managers.Distributed on 2 levels, the commercial part is composed of 6 independent apartments, each with its kitchen and private bathroom. The size and capacity vary depending on the units ranging from about 35m² to 55m². The top apartments enjoy beautiful countryside and sea views. Units located on the ground floor have a small private outdoor area overlooking the pool. The common areas around the latter are spacious enough for maximum comfort and privacy of guests.These spaces communicate with each other and can be converted, according to your needs, into a large family home. A larger main residence than the current one, while still keeping a few units for rent, is also conceivable.The property can also accommodate a few motorhomes with pitches providing water and electricity; shared laundry and toilet facilities are also available. To ensure logistical comfort there is also a garage, a laundry room and storage spaces. Reversible air conditioning is installed in all apartment in 2023, hot water is provided by a solar or electric system, photovoltaic panels have also been recently installed generating 20.000Kw/year.The internet is provided through fiber optic with multiple access points.The largely landscaped garden is equipped with semi-automatic watering and contains several fruit trees and gorgeous palm trees.Water is provided by a borehole with a water softener and an active coal filter as well as main. A soak away septic tank collects the wastewater. Ideal for those who wish to invest in a new life project. The growing business has already a portfolio of reservations for 2024 season and offers great prospects for future revenue. EPC: A+The features/equipment mentioned in this description are subject to verification and agreement between sellers and buyers.