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PT
Quelfes
Algarve
Algarve
W8° 10' 31.3''
N37° 2' 47.2''
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Portugal Property
3058737
Property Description

Nestled in the authentic Portuguese countryside between Olhão and Faro, this exceptional 2.6-hectare estate offers something increasingly rare in the Algarve: a genuine opportunity to create your perfect country retreat on your own terms. The property commands an elevated position with sweeping panoramic views across productive orchards toward both the Atlantic coastline and the dramatic Serra do Caldeirão mountains.The land tells a story of traditional agriculture, with established groves of carob, almond, and olive trees creating instant maturity and character. These mature plantings represent centuries of agricultural wisdom, producing crops that thrive in the Mediterranean climate while requiring minimal intervention. Between the groves, open arable land awaits your vision, whether organic gardens, a boutique vineyard, lavender fields, or wildflower meadows that capture the essence of Portuguese countryside living.At the heart of the estate stands a two-story structure with 194 square meters of registered building area in shell condition, and this is where the true opportunity reveals itself. Rather than inheriting someone else's design choices, you have a blank canvas within an established structural envelope. The heavy work is done: walls are up, the roof structure exists, but everything that makes a house a home remains to be determined. You'll work with local architects to create exactly what you envision, whether a traditional Portuguese quinta with whitewashed walls and terracotta floors, a contemporary residence with floor-to-ceiling glass, or an inspired fusion honoring regional character while embracing modern comfort.For a high-end specification positioning this as a premium Algarve country home, budget approximately €1,200 per square meter for interior completion, roughly €233,000 for the building itself. Add a beautiful swimming pool with surrounding terraces at €70,000, proper landscaping and outdoor living spaces at €50,000, professional fees for architects and engineers at €35,000, and a prudent contingency reserve of €39,000. Your total development investment would be approximately €427,000. Combined with a negotiated purchase price of €570,000, your all-in investment reaches roughly €997,000, creating a completed luxury quinta that current market transactions show would sell for €1,200,000 to €1,600,000. This represents genuine equity creation of €200,000 to €600,000 through professional development, plus continued appreciation in a market growing at fifteen percent annually.Alternatively, a more moderate approach with quality but straightforward finishes at €850 per square meter would bring construction costs to around €165,000. With modest pool and landscaping at €80,000, professional fees of €30,000, and contingency at €27,500, you could complete everything for approximately €302,500 in development costs. Combined with a purchase price of €570,000, your total investment would be approximately €872,500. Even at this specification level, the completed property would likely appraise for €1,000,000 to €1,200,000 in today's market, still creating meaningful equity while keeping capital commitment more conservative.The location delivers the best of both worlds: authentic Algarve countryside yet Faro Airport sits just eighteen minutes away. Olhão with its famous morning markets and working fishing port is ten minutes distant, the pristine beaches of Ria Formosa Natural Park lie within fifteen minutes, and Faro itself with university, culture, shopping, and medical facilities is a quarter-hour drive. This combination of genuine rural tranquility with practical urban proximity is increasingly rare and commands premium value in the market.The utilities situation represents significant hidden value that experienced developers immediately recognize. A privat

Address Withheld

Quelfes, Algarve, Portugal

  • Bedrooms : 3
  • Bathrooms : 4
  • Lot Area: 0.60 Acre
€600,000
Listing ID#242394
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Basic Details
Property Type : Residential
Listing Type : Active
Listing ID : 242394
Ref ID : 422390456
Price : €600,000
Bedrooms : 3
Bathrooms : 4
Lot Area : 0.60 Acre
MLS : 181247
Office ID : PT801-001
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