The Opportunity:
In todays real estate market, finding an asset that combines immediate income with exponential appreciation potential is rare. Located in the parish of Famalicao, municipality of Nazare, this property represents the peak of what an investor or developer looks for on the Silver Coast: strategic location, proven technical feasibility, and business flexibility.
This is not just a rustic plot or an isolated house. This is a large-scale urban development project, supported by a Preliminary Information Request  PIP  approved for the construction of 12 detached villas, in a market where demand for quality housing far exceeds available supply.
2. Strategic Location
The choice of Famalicao da Nazare is no coincidence. This area has established itself as the preferred refuge for those who seek the mystique of Nazare, but value the exclusivity and tranquility of a low-density residential environment.
Exact Distances to the Beaches  Real Driving Time :
Proximity to the ocean is the main driver of this assets appreciation. Below are precise figures for your market analysis:
Praia do Salgado  3.8 km 5 minutes : Known as one of the wildest and most preserved beaches in the region. A top destination for nature lovers and paragliding enthusiasts. Its long stretch of golden sand guarantees exclusivity even during peak summer season.
Sao Martinho do Porto Beach  6 km 7 minutes : The famous shell-shaped bay, ideal for families due to its calm and safe waters. A well-established real estate hotspot.
Nazare Beach / Harbor  6.2 km 8 minutes : The touristic epicenter of the region. Home of the giant waves and outstanding gastronomy. This is where most services, commerce, and nightlife are concentrated.
Praia do Norte  7.5 km 15 minutes : Where the Nazare Canyon creates the biggest waves in the world. A global pilgrimage site that places this region on the elite international tourism map.
3. The Technical Project: Feasibility and Numbers  PIP 
With an approved PIP, this asset removes a large part of the urban planning uncertainty and bureaucratic waiting times.
 New Development Details:
The project foresees the creation of a modern gated community or subdivision, with the following metrics:
Number of units: 12 detached villas
Plot sizes: A range that allows the creation of differentiated products for multiple market segments:
Minimum plot: 391 sqm  ideal for more compact, functional villas 
Maximum plot: 930 sqm  perfect for a luxury villa with large gardens and full privacy 
Construction areas per unit:
Between 231 sqm and 294 sqm
These areas allow for 3 to 4-bedroom layouts, generous garages, open-plan social areas, and strong indoor-outdoor integration  pools and terraces .
This range is fundamental to a successful sales strategy, allowing different price points within the same development and attracting varied buyer profilesfrom local families to international investors seeking second homes.
4. The Existing Asset: Cash Flow from Day One
Unlike vacant land, this property already includes built structures that generate income while architectural projects and licensing processes move forward.
 Existing Units:
Main 3-bedroom house: Solid construction with garage. Can be used as a family home, sales office for the new development, or placed immediately on the rental market.
Independent 1-bedroom apartment: Located on the ground floor with private entrance. Ideal for short-term rentals or mid-term stays  digital nomads , given Nazares growing demand.
Value-added annexes: The wine cellar and traditional wood oven are not just rustic featuresthey offer the potential to create a shared leisure area or preserve the Portuguese charm so appreciated by international buyers.
5. Market Analysis: Why Nazare? Why Now?
The Silver Coast has been ranked among the best investment destinations in the world. The saturation and high prices of Lisbon and the Algarve have pushed investors north, where quality of life is higher and appreciation potential is significantly stronger.
 Growth Factors:
12-month tourism: Thanks to the giant waves, Nazare is no longer only a summer destination. This guarantees high occupancy rates throughout the year.
Digital nomads and expatriates: Portugal remains a top destination for European retirees and North American remote professionals. Famalicao offers the perfect balance: high-speed internet, proximity to services, and competitive cost of living.
Shortage of new developments: There is strong demand for modern, energy-efficient villas, with very limited supply. This 12-villa project directly addresses that market gap.
6. Profitability and ROI
This asset supports multiple exit strategies:
Full development: Build all 12 villas and sell turnkey units. With construction areas up to 294 sqm, the final GDV is highly attractive.
Plot sales: Develop the infrastructure and sell individual plots with approved projects. A lower-risk strategy with faster capital return.
Buy & hold: Monetize the existing houses and benefit from the natural appreciation of the land, whichdue to its proximity to the coasthas shown above-average annual growth.
7. Infrastructure and Accessibility
Connectivity is a major strength:
Road access: Just minutes from the A8 highway, reaching Lisbon Airport in approximately 60 minutes.
Nearby services: Within a 2 km radius, supermarkets, pharmacies, schools, and some of the regions best seafood restaurants.
Lifestyle: Beyond the beaches, the area offers walking trails, cycling paths, and proximity to world-class golf courses  Obidos, approx. 25 minutes .
8. Conclusion: The Next Step
It is rare to find an asset this complete: present income combined with future development upside. The security of a physical asset with the agility of a modern development project.
If you are a developer seeking your next successful project on the Silver Coast, or an investor looking for a scalable safe-haven asset, this property in Famalicao da Nazare is the answer.
Available for consultation:
Location and site plans
PIP documentation
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