Algarve, Portugal

We present a rare investment opportunity in a plot of land measuring 13,012 sqm, located in the prestigious Colina Verde Urbanization, on Rua do Barranco, right in the heart of Praia do Carvoeiro, in the municipality of Lagoa, Algarve. Situated in one of the most sought-after urban areas of the region, this land enjoys a strategic location just a few minutes’ walk from the beach, in an area renowned for its strong demand from both tourists and investors.

Rua do Barranco is one of the main access roads to the village of Carvoeiro, offering a unique setting that combines proximity to the sea with a wide range of amenities, including local shops, renowned restaurants, hotels, and essential services, all framed by the natural beauty of one of Portugal’s most iconic coastal towns.

The plot is classified as consolidated urban land with construction viability, featuring a building footprint of 1,112.35 sqm and a gross construction area of 2,224.70 sqm. In 2012, a preliminary project for the development of approximately 120 apartments was submitted to the Lagoa Municipality, highlighting the property’s strong residential and tourism potential.

Any new housing, tourism, or mixed-use project must be submitted for municipal approval, in accordance with current urban planning regulations. This is, therefore, a unique opportunity to develop residential or touristic projects in one of Southern Europe’s most exclusive and high-value destinations.

The location offers a number of competitive advantages, including just 450 metres from Praia do Carvoeiro (around five minutes on foot), close to the iconic Algar Seco, coastal trails, and renowned cliffs. It also benefits from easy access to golf courses, international schools, marinas, and main roads. The area is in high demand from foreign buyers, investors, and tourism operators.

Investing in this asset means securing sustained value in a prime location within one of Portugal’s most dynamic and attractive real estate markets.