Description

We are pleased to present a truly rare opportunity in the heart of Carvoeiro: a traditional Algarve property with outstanding appreciation potential, accompanied by an urban plot included in the sale and an approved renovation project for the creation of an elegant 4-bedroom villa with a swimming pool.

Previously operating as a bar, this property enjoys a privileged location just 200 metres from the beach and within walking distance of restaurants, shops, services and the vibrant atmosphere that makes Carvoeiro one of the Algarve’s most sought-after destinations.

Combining the charm of traditional Algarve architecture with an already approved project, this is a unique opportunity for anyone looking to create an exclusive residence, a high-quality holiday home or a real estate investment with significant potential in one of the region’s most desirable areas.

The sale also includes an urban plot with a total area of 105 m² adding even greater value and versatility to this investment opportunity.

✨ Property Highlights

✔ Former commercial premises previously operating as a bar;
✔ Two-storey building;
✔ Approved project for conversion into a 4-bedroom villa;
✔ Swimming pool included in the approved plans;
✔ Urban plot included in the sale;
✔ Only 200 metres from the beach;
✔ Prime central location in a highly desirable area;
✔ Excellent potential for appreciation and return on investment.

🏠 The Property

Imagine creating your dream home in one of the Algarve’s most coveted locations.

The approved project envisions the transformation of this property into an elegant 4-bedroom villa, carefully designed to combine comfort, functionality and a Mediterranean lifestyle. The future residence will offer generous interior spaces, pleasant outdoor areas and a private swimming pool, ideal for enjoying the region’s exceptional climate all year round.

Whether you are looking for a permanent residence, a second home for holidays or a premium rental investment aimed at the tourism market, this property offers a rare combination of features: location, approved project, proximity to the beach and strong appreciation potential.

📐 Property Features

• Gross Area: 220 m²
• Usable Area: 220 m²
• Planned Typology: 4 Bedrooms
• Energy Rating: D
• Urban Plot Included: 105 m²
• Plot Building Footprint and Construction Area: 75 m²

📍 Location & Surroundings

Located in the centre of Carvoeiro, this property benefits from a privileged setting in one of the Algarve’s most iconic coastal villages.

Nearby you will find outstanding beaches, restaurants, supermarkets, services, schools, pharmacies and all essential daily amenities. The region is also renowned for its prestigious golf courses, coastal walking trails, marinas and excellent connections to the Algarve’s main transport routes.

The combination of authenticity, quality of life and consistent tourist demand makes this location particularly attractive both for private residence and investment purposes.

💰 Asking Price: €595,000

At Legacy Group Real Estate, we collaborate with all licensed real estate agencies holding a valid AMI licence, as we believe cooperation is the best way to achieve the best results for our clients.

We also provide a completely free mortgage brokerage service, certified by Banco de Portugal, helping you secure the most suitable financing solution for your new property.