Tourist and Residential Development Land for Sale in Algarve, Portugal

This listing presents a significant opportunity for tourist and residential development in the Algarve region of Portugal. Located in the Western Algarve, just 1km from the vibrant village of Carvoeiro and its stunning coastline, the property offers proximity to essential amenities including restaurants, bars, and shops. Its strategic position is further enhanced by easy access to the A22 motorway, connecting to Faro International Airport (65km away) and Lisbon. The land is adjacent to existing tourist developments and municipal roads, ensuring good accessibility. Plans include the construction of an apartment hotel, leisure facilities, and a swimming pool on the north side, alongside existing townhouses that have already been built, sold, and occupied. The total approved gross construction area is 8,320m2 above ground, with no restrictions on underground construction for parking and support. This mixed-use development land is ideal for investors looking to capitalize on the Algarve's popular tourism and residential market.