Land with Project for 7 Houses | Beco das Giestas, Portimão

back\Land with Project for 7 Houses | Beco das Giestas, Portimão - Portimão, Portimão

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Land with Project for 7 Houses | Beco das Giestas, Portimão 890.000 € Ref: T333

2650 m²

A rare opportunity to develop a contemporary residential project in a growing area, combining tranquility, accessibility, and strong appreciation potential. This urban plot of 2,650 m² includes a project for 7 villas in the final approval stage, allowing for predictable and fast market entry.
Features

Total plot area: 2,650 m²
Planned construction area: 1,200 m²
Project for 7 modern villas
Approval process in the final stage
Ideal layout for development, resale, or tourist rental
Excellent solar exposure and natural surroundings

Surroundings

Quiet residential area in urban expansion
Close to beaches, shops, restaurants, and essential services
Good access to main roads and convenient mobility
Balanced environment combining quality of life and tourist dynamism
Local market with consistent demand, both national and international

Key strengths

Almost approved project → reduced timing and licensing risk
Balanced scale allowing diversification of exit strategies:
- Individual sale with high liquidity
- Long-term rental
- Tourist rental (short-stay / AL)
Located in a market with scarce new and well-located product
Asset profile ideal for investors and developers valuing predictability and return

A plot ready to transform vision into a competitive real estate product in one of the Algarve’s most dynamic markets.
A solid base to build, enhance, and monetize.

Property type Plot

Typology 0 Bedrooms

Objective Sale

Condition On Project

Price 890.000 €

Year of Construction N/A

Country Portugal

District Faro

Town Portimão

Parish Portimão

Zone Portimão