Ilha de São Miguel, Azores

This house, located in the picturesque parish of Porto Formoso, in the municipality of Ribeira Grande, represents an excellent investment opportunity, whether for a private residence, local accommodation, or a tourism project. With a construction area of 200m, set on a 288m plot, this property offers significant potential for appreciation.Situated in a prime location, the house is close to the school, parish center, local shops, restaurants, fishing harbor, beach, and a viewpoint with stunning sea views. Additionally, a picnic park is planned to be built just a few meters away, further enhancing the areas value.The property has an approved project ready to be executed for the construction of three independent apartments, each with a private garage. The flexibility of this project also allows for the separate sale of each unit, making it an excellent opportunity for investors looking to diversify their real estate portfolio.Don't miss this unique opportunity to acquire a house with great potential in one of the most sought-after areas of the Azores. Contact us for more information and schedule your visit today!