Faro, Faro 8950-421

House with Urban Land for Construction - Altura, Algarve Investment Opportunity with Immediate Feasibility of Expansion or Tourism Project Property consisting of an existing house on an urban plot of 1, 400m, located in Altura, a parish in the municipality of Castro Marim, one of the areas with the highest growth and tourist demand in the eastern Algarve. With approved construction feasibility up to 360m, this asset allows: Expand existing housing for own housing or Local Accommodation Build three semi-detached houses with potential for sale or tourist exploitation Develop a phased modular project, combining housing and tourism This is a solid investment, with high potential for profitability, given the scarcity of land with these characteristics so close to the sea and integrated in a consolidated urban area. Largest-Scale Design Available There is also the possibility of acquiring contiguous land, with a total of up to 85, 000m, ideal for a large-scale tourist or residential development, with nearby accesses and infrastructures. Land Price (ref CS-TU-m): 2, 500, 000 EUR Strategic Location with Proximity to Everything: Altura Beach only 2 km away (5 minutes by car or bike) Shops and essential services 500 meters away: hypermarkets, pharmacies, schools, church, restaurants, cafes, banks and pastry shops Vila Real de Santo Antnio 10 minutes away Tavira 20 minutes away Faro International Airport 40 minutes away Seville (Spain) just 1h30 away, via the A22/A49 This location guarantees accessibility not only to national customers, but also to the Spanish market and international tourism, which is looking for quiet residential areas with proximity to the beach and good access. The existence of a house on the site even allows you to start tourist exploration immediately (as AL), while planning and licensing the larger-scale project, ensuring cash flow from the beginning. Profitability and Valuation Outlook: The area of Altura is one of the most sought after by families and tourists in the Algarve, thanks to its extensive beach, family atmosphere and proximity to Spain The demand for houses in Local Accommodation exceeds the existing supply, with occupancy rates above 80% for much of the year The value of the square meter in the area has been progressively increasing, both for resale and for rent, which ensures continuous appreciation of the asset This property is suitable for those looking to build, resell, rent or explore tourism with a clear and immediate return. About Casas do Sotavento Real Estate Casas do Sotavento is a family real estate agency with a solid national and international reputation, specializing in the eastern Algarve market. With years of experience, we offer a complete, personalized and transparent service, which goes far beyond simple real estate intermediation. Services we offer: Real estate valuation and consulting: market analysis, fair and strategic valuation of the property, oriented to maximize the client's return Acquisition and promotion: targeted dissemination on national and international platforms, digital marketing campaigns, professional photography and videos to maximize the visibility of the property Legal and bureaucratic support: support throughout the purchase and sale process, from the verification of documentation to the contract and deed, ensuring legal and financial security Management and consulting for Local Accommodation: technical support for licensing, operational management and optimization of the profitability of accommodation units Consultancy for construction and rehabilitation projects: advice on urban licensing, contacts with architects, engineers and partner builders Personalized and multilingual service: team prepared to support national and foreign customers, with a focus on customer experience Places where we have open doors: Vila Real de Santo Antnio Headquarters of the agency, in the heart of the eastern Algarve. Tavira Strategic hub for international investors and buyers Castro Marim With local team to support residential and tourism projects Monte Gordo Direct presence for monitoring properties and personalized visits. Olho Support for customers who arrive via the airport and are looking for properties throughout the Algarve region. Our local presence combined with an international network of partners allows us to always be available to find the best solutions and ensure complete support.