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Building Plot In Faro

Faro (Sé e São Pedro)

São Pedro, Algarve, 8005-495, Portugal

Property ID: #14142261 // Land
    / 7
Traditional Sale
List Price:
USD $11,146,408.07
This amount was converted from the original amount of 10,000,000.00 EUR to USD at the exchange rate as of 2026-11-07 02:00:01 UTC
Icon 500,521.83 ft²
Icon - acres
Icon - beds
Icon - baths
Title:
Building Plot In Faro
Address:
Faro (Sé e São Pedro)
City:
São Pedro
State, Province or Island:
Algarve
Zip Code:
8005-495
Country:
Portugal
Property Type:
Land
Additional Property Types:
Land, Commercial
Property Size:
500,521.83 ft²
Data Source:
Properstar
MLS/Reference Number(s):
118349707
Source Property Type:
PlotOfLand, BuildingLand

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Property Information

Discover an exceptional opportunity with this expansive 31,170m² plot of land located in the burgeoning city of Faro. Nestled in a rapidly growing area, this parcel is strategically positioned near the Fórum Algarve, ensuring convenient access to various amenities and services. Moreover, it is merely an 8-minute drive from the Airport and a mere 10-minute drive from the pristine beaches of Faro. The land comprises 9 individual lots, totaling 31,170m², showcasing a generous construction index of 60%. This translates to an impressive potential built-up area of 18,702m². Notably, the land benefits from an already approved subdivision project by the Municipal Council of Faro, envisioning the construction of 157 residential units, including a mix of apartments and retail spaces. The property is easily accessible with well-maintained asphalt roads, and it boasts fully developed infrastructure, including water, electricity, and sewage connections. The level topography of the land adds to its development appeal, providing a hassle-free canvas for realizing your construction aspirations. In summary, this is a rare and lucrative investment opportunity in the thriving city of Faro, offering a pre-approved project for 157 residences amidst a rapidly developing locale. Don't miss the chance to be part of Faro's growth story and secure this prime piece of real estate for your next development venture.
Energy Rating: Exempt
#ref:X9310*

Disclaimer

Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This content last updated on 2026-07-05 16:13:10. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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