Ferragudo, Faro 8400

Prime Development Opportunity: 3700m Land in Central Ferragudo for 5 Luxury VillasUnlock exceptional potential with this 3700m parcel of land, strategically located in the heart of Ferragudo, offering a rare opportunity to develop five high-end detached villas. This prime location provides the perfect balance of tranquil residential living and immediate access to the vibrant charm of Ferragudo and the wider Algarve region.Ferragudo & Surrounding Area: Authentic Charm: Immerse yourself in the picturesque beauty of Ferragudo, a traditional fishing village renowned for its whitewashed architecture, scenic harbor, and acclaimed dining scene.Proximity to Portimo: Enjoy the convenience of nearby Portimo, the Algarve's second-largest city, offering comprehensive amenities including beaches, nightlife, shopping, healthcare, and educational facilities.Development Potential:The land has been previously approved for a project consisting of 4 semi-detached villas and 1 detached villa. Each villa would be a T3 property of 2 storeys with a pool and two parking places. Each villa will have 266m2 total construction area and be implanted on 5 individual plots of 432 to 608m2If building 5 villas is not what you are looking for, alternative development options are possible. In fact the City has already approved the following: - Permitted Uses: Habitation, Retail, Services, Industrial and Tourism- Density: Maximum 20 units/hectare (7 dwellings)- Construction Coefficient: 0.36 (1, 332m2)- Implantation Coefficient: 0.25 (925m2)- Maximum building storeys: 2Market Analysis: Recent real estate transactions in Ferragudo indicate strong demand for high-quality villas, with 3-bedroom properties selling between 850, 000 and 1, 450, 000. Based on the property's prime location, proposed amenities and premium finishes, projected sales prices are estimated at 1, 150, 000 per villa.Financial Projections:Assuming an average construction cost of 1, 600/m2, connectivity cost of 400, 000 and a construction period of 18 months, this represents a potential return on investment of approximately 1.525, 000 (or an annualized cash return of 25%). Investment Highlights: Prime central Ferragudo location. Potential for significant return on investment. Strong market demand for luxury villas in the region. Opportunity to create a prestigious residential development. to learn more about this exceptional investment opportunity. ref: 138690