House with poolLagos (Portugal)

Price :

$12,488,900

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface524 m²bedrooms6 bathrooms5 land3 ha

Discover a unique investment opportunity nestled in the serene coastal landscape of Western Algarve, just a 10-minute drive from the vibrant town of Lagos. This expansive 29931 sqm estate offers breathtaking views of a Nature Reserve, the beach, a prestigious golf course, and Lagos Bay. The main house, built in 1974, boasts rustic Algarvian architecture and spans 524 sqm with six spacious rooms, four bathrooms, fitted wardrobes, and ample storage.The property includes a guest house that can be renovated as a three-bedroom villa, and the potential to build 11 two-bedroom apartments on licensed land. The estate's lush gardens and pool are maintained with groundwater from the estate's own well. With a private pathway to the beach, this estate promises safety, privacy, and unparalleled beauty.Ideal for those seeking a high-quality lifestyle or looking to invest in a boutique hotel, this estate offers exceptional conditions for both. The main house features a cozy living room, dining area, kitchen, terraces, and gardens. The guest house includes three suites, a living room, pergola, garage, and storage. The property also benefits from a garage and storage warehouses. Located in the largest plot on the Palmares luxury Resort, within easy reach of Lisbon and Seville via highway or plane, this estate is surrounded by luxury residential resorts, a Michelin star restaurant, an international golf course, and an extensive beach stretch from Lagos. Although the property requires some renovation to achieve a modern feel, it remains one of the most exclusive properties in Algarve. Don’t miss out on this rare opportunity to own a piece of paradise in a prime location.