Prime Building Plot with Approved Project in Vale Formoso, Loule

About this place

Located in Vale Formoso in the Central Algarve, just outside Loule and Almancil, this 1.336 m2 plot offers an exceptional opportunity for international buyers looking to invest in one of the Algarves most desirable areas. Surrounded by upscale villas in a peaceful yet central setting, the location offers the perfect blend of lifestyle and convenience. World-class golf resorts like Quinta do Lago, Vale do Lobo, and Vilamoura are just minutes away, while Faro International Airport is less than 20 minutes by car. The property is sold with an approved project to build a modern villa divided into four independent apartments, two with two bedrooms and two with one bedroom,all designed with generous private terraces, a shared pool, and a large underground garage. This layout offers excellent potential for holiday rentals or multi-family living. Importantly, the current project can be quickly modified to suit other concepts, including a bespoke single-family villa with pool giving investors maximum flexibility to adapt the property to their vision or target market. To ensure the validity of the future project, the construction of a basement is a required element. As the plot is currently flat, it will need to be elevated by approximately 3 to 4 meters using sand and earth fill. This elevation not only meets regulatory requirements but also offers the added benefit of enhanced views over the picturesque countryside, surrounded by some of the regions most stunning luxury villas. Contact us for more details or to arrange a viewing. Key Facts: * Plot size: 1.336 m2 * Approved construction: 388 m2 over three levels (basement, ground floor, and first floor) * Peaceful location close to beaches, golf, and amenities * Excellent potential for rental income or resale * Project can be quickly modified to suit other concepts * This is a rare chance to secure a development-ready plot in the heart of the Algarve with strong long-term value