Santa Bárbara De Nexe, Faro 8005

Discover this stunning south-facing plot, perfectly located on the outskirts of Santa Brbara de Nexe.This unique property offers two distinct and lucrative development options, catering to families and investors alike.Option 1: Renovate and ExpandTransform the existing 171 m house into a beautiful family home or a high-income rental property.-Potential for panoramic sea views from the first floor and even from the ground floor due to the plot's natural slope.-Ideal for a spacious residence project featuring two interlinked living areas, a central courtyard, and a large private pool.-Flexible setup allows for partial rental income, while retaining privacy for your personal use.Option 2: Investor's Dream - Build a CondominiumTake advantage of the plot's urban expansion zoning that permits the construction of 1, 000 m across multiple units.-Perfect for a high-demand condominium project.-Lower section of the plot is ideal for creating a 250 m communal area with a pool and shared amenities, enhancing the property's market appeal.Property Highlights1.Fully serviced: Mains water, electricity, and sewage ready to connect.2.Dual private entrances, offering flexibility in design and access.3.Uninterrupted views of the sea and surrounding countryside.4.Strategic location:Just 15-20 minutes from Faro Airport.Close to pristine beaches, world-class golf courses, international schools, and medical facilities.Walking distance to Santa Brbara de Nexe village centre, known for its local dining and lively community atmosphere.Your Opportunity to Build in the AlgarveThis property offers a rare chance to develop a dream project in one of the Algarve's most sought-after areas. Whether you envision a luxurious family retreat or a profitable investment venture, this plot provides the perfect foundation.Act now! Opportunities like this are rare.Contact Engel & Vlkers Faro-Tavira for more details. Our experienced team is ready to guide you through every step of this exciting investment journey. Energy Rating: E ref:W-02Y4EX