, Monchique, Algarve, Portugal | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

€690,000

Monchique, Algarve, Portugal

215 sqft

Listed By: Exclusive Living Lda - Nif 507 528 166

Listed On: 12/14/2024

Listing ID: GL12011848 View More Details

Description

This property is synonymous of exclusivity and privacy. Situated on the top of the Picota Mountain at an altitude of 750m above sea level, located in the Algarve, Monchique. Consists of 11 hectares of land and ruins, facing south. The property has stunning sea views spreading from Quarteira, over Sagres to the Alentejo. There are numerous natural springs and small rivers. There are three separate roads giving close access to the property. There are many flat terraces for small scale agriculture and a few hectares of mature eucalyptus. Several ruins can be rebuilt and potentially extended. Applications for the project of Turismo em Espaco Rural can be accepted or minimum three-star hotel with a maximum of 132 beds.* Monchique, 5km away, is a promising village with many natural resources. It is known for its water manufacture with alkaline water of high pH 9.5, which prevents cancer and heart diseases. The place is known for walking paths, viewpoint, flora and fauna observation, and meditation place. The land is a very important area for the region, so it is possible to apply for grants for tourism development and environmental protection. Despite the unquestionable value of this property, the price is negotiable. Distances West coast 42 km South coast 29 km Faro Airport 90 km * PDM of Camara de Monchique regulates any additional construction.

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