Situated in the charming and highly sought-after village of Ferragudo, this plot with an approved project for tourism development for 52 rooms represents a rare opportunity to build in one of the Algarves most valuable and promising areas. Located in Vale de Canada, the property spans a total area of 15,620 sqm and sits atop a hill overlooking a peaceful valley dotted with orange groves, olive trees, almond and fig trees, traditional Quintas, and narrow rural paths once used by carts and still bordered by whitewashed stone walls.
This is a mixed-use plot, with a rustic area of 15,534.1 sqm and an urban section of 85.9 sqm already licensed for the construction of a hospitality unit. The approved project allows immediate construction to begin an increasingly rare advantage in today's Algarve. The surrounding agricultural land is protected from future development, ensuring the preservation of the tranquil and authentic rural landscape.
The property is within walking distance of the iconic Algarve cliffs, its beaches, and the Atlantic Ocean. The nearest property is the 4-star Bricia de Mar hotel, alongside a newly launched 5-star hotel development, further reinforcing the investment potential of this location.
Ferragudo remains an active fishing village where the daily catch is brought in by local fishermen. Its various beaches are all within easy reach along the coastline and remain remarkably uncrowded even during the peak summer season. With a population of fewer than 2,000 residents and over 500 years of history, Ferragudo offers a unique combination of heritage and a laid-back lifestyle. The village features excellent restaurants, cafes, boutique shops, local markets, and all essential services.
Just a 10-minute drive or a scenic water taxi ride away is Portimao, the Algarves second-largest city. Ferragudo is an increasingly appreciated gem for both Portuguese and international buyers and is also the chosen retreat of the Portuguese Royal Family during their visits to the region. This licensed plot represents a rare opportunity to invest in a serene and authentic environment with strong long-term appreciation potential.