Land with Ruin and Sea View - Altura, Algarve 86,000sqm with Tourism and Residential Development Potential / Prime Investment Opportunity in Eastern Algarve Land with a total area of 86,000sqm, located in the highly desirable area of Altura, in the municipality of Castro Marim - one of the fastest-g

Vila Nova de Cacela, Faro, Portugal

For Sale

€2,500,000

REF: 998817 €2,500,000


86000 m2

Description

Land with Ruin and Sea View - Altura, Algarve 86,000sqm with Tourism and Residential Development Potential / Prime Investment Opportunity in Eastern Algarve Land with a total area of 86,000sqm, located in the highly desirable area of Altura, in the municipality of Castro Marim - one of the fastest-growing and most sought-after regions in the Eastern Algarve.

This property includes a registered ruin of 360sqm, offering reconstruction potential with sea views from its elevated position. Strategically located next to the National Road N125, the land offers excellent visibility, easy access, and ideal conditions for the development of large-scale tourism or mixed-use projects, such as: Golf course with tourist accommodation Eco-resorts or modular accommodation projects Health and wellness complexes (SPA, health tourism, retreats) Sustainable residential developments with tourism integration Boutique rural hotels with sea view and beach proximity Strategic Location Highlights: Only 2 km from Altura Beach, easily accessible by car or bike Sea views from the existing ruin location 500 meters from supermarkets, pharmacies, schools, churches, restaurants, and local commerce 10 minutes to Vila Real de Santo António 20 minutes to Tavira 40 minutes to Faro International Airport 1h30 to Seville (Spain) via A22/A49 motorway This privileged location ensures high occupancy rates year-round, attracting both domestic and international tourists, and offering strong return on investment (ROI) and long-term capital appreciation.

Development & Profitability Outlook: Altura is experiencing constant demand and price growth in both real estate and tourism sectors. Large plots with sea views and beach proximity are increasingly rare, making this land ideal for forward-thinking investors looking to develop a landmark project in the Algarve.

Property values in the region continue to rise steadily, and its premium location near the coast ensures solid market positioning and project viability. About Casas do Sotavento Casas do Sotavento is a family-run real estate agency with a strong national and international presence, specializing in the Eastern Algarve.

Headquartered in Vila Real de Santo António, with branches in Tavira, Castro Marim, Monte Gordo, and Olhão, we offer personalized support throughout the entire investment process. Our services include: Expert consultancy in real estate and tourism development Full support with urban licensing and project planning Legal and administrative assistance from start to finish National and international promotion with professional digital marketing Management and consulting for local accommodation and tourism projects Get in touch today to request more information, arrange a site visit, or receive feasibility assessments. Invest in a rare opportunity with sea views, close to the beach, in one of the Algarve's most promising regions.
Land with Ruin and Sea View - Altura, Algarve 86,000sqm with Tourism and Residential Development Potential / Prime Investment Opportunity in Eastern Algarve Land with a total area of 86,000sqm, located in the highly desirable area of Altura, in the municipality of Castro Marim - one of the fastest-growing and most sought-after regions in the Eastern Algarve.

This property includes a registered ruin of 360sqm, offering reconstruction potential with sea views from its elevated position. Strategically located next to the National Road N125, the land offers excellent visibility, easy access, and ideal conditions for the development of large-scale tourism or mixed-use projects, such as: Golf course with tourist accommodation Eco-resorts or modular accommodation projects Health and wellness complexes (SPA, health tourism, retreats) Sustainable residential developments with tourism integration Boutique rural hotels with sea view and beach proximity Strategic Location Highlights: Only 2 km from Altura Beach, easily accessible by car or bike Sea views from the existing ruin location 500 meters from supermarkets, pharmacies, schools, churches, restaurants, and local commerce 10 minutes to Vila Real de Santo António 20 minutes to Tavira 40 minutes to Faro International Airport 1h30 to Seville (Spain) via A22/A49 motorway This privileged location ensures high occupancy rates year-round, attracting both domestic and international tourists, and offering strong return on investment (ROI) and long-term capital appreciation.

Development & Profitability Outlook: Altura is experiencing constant demand and price growth in both real estate and tourism sectors. Large plots with sea views and beach proximity are increasingly rare, making this land ideal for forward-thinking investors looking to develop a landmark project in the Algarve.

Property values in the region continue to rise steadily, and its premium location near the coast ensures solid market positioning and project viability. About Casas do Sotavento Casas do Sotavento is a family-run real estate agency with a strong national and international presence, specializing in the Eastern Algarve.

Headquartered in Vila Real de Santo António, with branches in Tavira, Castro Marim, Monte Gordo, and Olhão, we offer personalized support throughout the entire investment process. Our services include: Expert consultancy in real estate and tourism development Full support with urban licensing and project planning Legal and administrative assistance from start to finish National and international promotion with professional digital marketing Management and consulting for local accommodation and tourism projects Get in touch today to request more information, arrange a site visit, or receive feasibility assessments. Invest in a rare opportunity with sea views, close to the beach, in one of the Algarve's most promising regions.
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Currency Exchange

Vila Nova de Cacela, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,500,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€2,500,000 £2,063,625 £2,188,300 £124,675
Property Price € €2,500,000
Minimum cost in the last six months £2,063,625
Maximum cost in the last six months £2,188,300
Fluctuating exchange rates over the last six months could have increased the cost of this property by £124,675

Vila Nova de Cacela, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,500,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€2,500,000 £2,063,625 £2,188,300 £124,675
Property Price € €2,500,000
Minimum cost in the last six months £2,063,625
Maximum cost in the last six months £2,188,300
Fluctuating exchange rates over the last six months could have increased the cost of this property by £124,675

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £124,675 more.

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