Private Introduction · Portugal

Land in Olhão

Plot in Olhão — €398,000.

Price
From EUR 398K

Introduction

Land with 23,360 sqm and approved project for construction of a villa up to 300 sqm of gross construction area, in Moncarapacho, Algarve.The plot has an architectural project, already approved by Olhão City Council in April 2025, included in the advertised sale price.The project, developed by RRJ - Arquitectos - Lisbon, comprises a contemporary architecture villa distributed over two floors, one floor above ground level, plus one below ground level for basement and technical areas. On the ground floor, it has four suites, one of them with a complete and accessible bathroom, kitchen with laundry space and technical area, spacious living room with fireplace and open plan dining area, with access to the outdoor area, garden and swimming pool, guest bathroom and office.In the basement, it has parking for two vehicles, storage area, wine cellar and technical area. Outside it has a garden, 79 sqm swimming pool, 61 sqm pergola with outdoor fireplace, as well as a 45 sqm terrace on the 1st Floor. The project stands out for its integration with the surroundings and the privileged connection with the outdoors.The property is enriched by several trees of considerable size such as carob trees, fig trees, olive trees and almond trees, contributing to its natural and authentic character.It is set in a unique landscape, bounded to the north by EM 516 (Moncarapacho - Luz de Tavira) and to the south by a municipal road, offering sea views, total privacy and tranquility.It is located just 1 km from Moncarapacho, surrounded by a rural environment consisting of farmland and some clusters of single-family homes. It is 10 minutes driving distance from Fuseta and its beaches, 18 minutes from Olhão and the iconic Municipal Market, 30 minutes from Faro airport and 2 and a half hours from Lisbon.

Why This Opportunity

  • Prime Faro location

    Located in Olhão, Faro, Portugal — a sought-after part of the market.

  • Priced at €398,000

    On the market at €398,000.

  • Studio homes

    Layout up to 23400 m².

  • ~5% estimated gross yield

    Estimated 6% annual capital growth for Faro (market-level estimate).

The Area

Where it is

Getting around

  • Faro Airport (FAO)

    International gateway for the whole Algarve, just west along the A22. [~13 km / 15 min]

  • A22 Via do Infante

    Algarve motorway giving fast access to Faro and the eastern towns. [~5 km / 10 min]

  • Olhão Railway Station

    Stop on the Linha do Algarve regional line. [In town]

Nearby

  • Mercados de Olhão

    Twin red-brick waterfront halls for fresh fish and produce. [In town]

  • Ilha da Armona & Ilha da Culatra

    Car-free barrier islands reached by ferry from the quay. [Ferry ~15-30 min]

  • Ria Formosa Natural Park

    Lagoon nature reserve of islands, channels and salt marsh. [On the doorstep]

  • Bairro dos Pescadores (Old Town)

    Cubist whitewashed fishermen's quarter of flat-roofed houses. [In town]

Schools

  • Nobel Algarve British International School (Almancil)

    English National and Portuguese curriculum, ages 3-18. [~20 km / 20 min]

  • Eastern Algarve International School (EAST), Tavira

    Modified British National Curriculum, primary years, Tavira. [~20 km / 25 min]

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Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.