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Exciting building project for a 5 bedroom villa on a large plot, for sale near Vale do Lobo

Nestled near The Village development and close to the prestigious resort of Vale do Lobo, this exceptional plot totalling 2,320m² presents a visionary project for a luxury villa in the Algarve.
 
With an approved architectural design, the villa encompasses 432m² of luxurious living space, featuring 5 spacious bedroom suites, modern living areas, and opulent amenities including a rooftop terrace with captivating sea views.
 
The project unfolds across four meticulously planned levels. The ground floor welcomes with an inviting entrance hall, a guest cloakroom, open-plan living areas, a cozy sitting room with a fireplace, an elegant dining room with a double-height ceiling, and a generously proportioned kitchen and breakfast room. Additionally, a ground floor bedroom suite offers versatility as a home office. Ascending to the first floor reveals a beautifully designed gallery landing, a sun-drenched master suite with a private terrace, a guest suite with a private terrace, and a third bedroom with ensuite facilities. The lower level features a fifth bedroom, a practical laundry room, ample storage, and a double garage. One of the standout features of this property is the expansive rooftop terrace offering panoramic vistas.
 
Outside, lush landscaped gardens blend seamlessly with the enticing swimming pool and covered terraces, ensuring utmost privacy. Crafted by Marcelo Santos of SMS Architects, this stunning project has secured preliminary approval and awaits final approval from the Loule Camara. The estimated construction cost is projected to commence at €2,000 per square meter, totalling approximately €1.1 Million.
 
The current property offers a 3 bedroom villa, 2 bathrooms, a garage, a pool, and charming gardens.
 
This is a fantastic opportunity to create a dream home in the Algarve either as a permanent residence or holiday home in the sunshine, with excellent rental potential for return on investment.

Property Features


  • Air conditioning
  • Fitted wardrobes
  • Fireplace
  • Equipped kitchen
  • Open plan living areas
  • Proximity: Beach, Golf course, Restaurants, Shopping
  • Large plot
  • Roof terrace
  • Covered al fresco dining
  • Landscaped gardens
  • Private swimming pool
  • Drive way
  • Basement
  • Energy Certificate: E
  • Balcony
  • Terrace
  • Great rental potential
  • Renovation potential

Location


Almancil T5 Villa

Sale price
1 050 000 €

Ref: LBRT238

  • 5
  • 5
  • 432 m2
  • 2320 m2
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Ref: LBRT238