Land for sale in Castro Marim, Portugal — €11,500,000

Land overview

Land classification in this area is rural. Review the details to better understand this land classification and confirm the relevant considerations before making a decision or planning your next steps.

About this land

Original listing description, in Portuguese.

Investment Opportunity in the Algarve - Land with Potential for Tourism Development.We present a unique property with a total area of 178,198 m², comprising three independent plots, each with over 50,000 m², formerly home to a water park (now deactivated).This land offers strong potential for tourism development, supported by positive feedback from Preliminary Information Requests (PIP) issued by the local municipality, allowing for:The construction of a hotel,A caravan park,And a bungalow resort.Prime LocationIdeally situated next to the main national road and with direct acces Investment Opportunity in the Algarve - Land with Potential for Tourism Development.We present a unique property with a total area of 178,198 m², comprising three independent plots, each with over 50,000 m², formerly home to a water park (now deactivated).This land offers strong potential for tourism development, supported by positive feedback from Preliminary Information Requests (PIP) issued by the local municipality, allowing for:The construction of a hotel,A caravan park,And a bungalow resort.Prime LocationIdeally situated next to the main national road and with direct access to the A22 motorway, this property benefits from excellent visibility and accessibility, located by a key roundabout.Surrounding AreaSet in the heart of the Eastern Algarve (Sotavento), this location is within close proximity to some of the region’s most stunning beaches:Manta Rota Beach,Praia Verde,Altura Beach.The Eastern Algarve is known for its natural beauty, year-round mild climate, and growing appeal to both national and international tourists, making it one of the most promising areas in southern Portugal for real estate investment.A rare opportunity to develop a tourism project in one of the Algarve’s most sought-after regions.Contact us for more information or to schedule a visit. Energy Rating: D #ref:CS-TER-86453