Villa for Sale in Olhao

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€950,000 EUR

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Ref 2182013 | Olhao, Faro | 4 Bedroom Villa

Currency services provided by Excel Currencies 950,000 EUR  |  Approx.£818,045 GBP  |  Approx. US$1,016,690 USD
  • Type: Villa
  • Location: Olhao
  • Province: Faro
  • Country: Portugal
  • Bedrooms: 4
  • Bathrooms: 3

Located in the heart of the Ria Formosa natural reserve, this is the only property in the Eastern Algarve with private mooring - park your boat right at your doorstep and sail straight to the lagoon, the deserted islands, and the sea! Built on the foundations of the famous Fuseta tide mill of 1812, this truly unique project transfers the original character of this ancestral heritage to modern times. With the entire historic mill installations preserved, the new building offers contemporary architecture in the most distinct location. Right on the waterfront, the building is set in an undisturbed island-like situation unmatched in Southern Portugal. Surrounded only by the lagoon and salt fields on three sides, it is accessible both by car and by boat. The picturesque fishing village of Fuseta with its famous market, restaurants and a projected marina is only 300m away by boat. The building is currently under construction. Its total size is approximately 300m², including four bedrooms, four bathrooms and two rooftop gardens. Initially planned as a habitation or a holiday home, this exclusively located estate could also be turned into a unique restaurant or small hotel project. Because of the granted excavation license, even bigger boats (up to 15m) can sail up to the property’s 80m² private mooring. Requires a further investment of €250,000 to complete. - REF: PLP16

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