ALGARVE, ALGARVE, PORTUGAL - € 1,050,000

Overview

PROPERTY#:11671479

€ 1,050,000

Algarve Algarve Portugal  

Algarve

     We present to you this property that offers nature and well-being. With over 13 hectares of land, this is an opportunity for those seeking space, natural resources, and investment potential. With two water springs, one of which sustains the entire land and houses through pipelines connected to a reservoir. There is also a water well for constant supply. The land is home to a variety of trees, including eucalyptus, cork oaks, strawberry trees, fig trees, olive trees, and lemon trees.nnThis set of buildings includes six houses, four of which need total rehabilitation. The main house, built in 1891 with local stone and in good condition, features four bedrooms, one bathroom, a living room, a dining room, and a kitchen with a wood stove. There is also an attic on the upper floor and an annex with a living room and bathroom in the basement.nnFour water tanks are sustained by the stream that runs through the entire property, offering an additional water source. With development potential, along with its natural beauty, this property has potential for rural tourism. With the houses that can be rehabilitated and a tranquil environment, it is the perfect place for those seeking a getaway in nature where only the chirping of birds and the running water of the stream can be heard.nnFurthermore, if you wish to earn stable income over the years, this property offers, every 9 years, an expected production of 800 arrobas of cork. Every 10 years, eucalyptus wood yields 300 esteres. Additionally, there is an annual production of 1 ton of strawberry tree fruits.nnMonchique, where the serenity of nature meets the charm of local culture. Nestled between majestic mountains and vegetation, it is a hidden gem that offers a unique and authentic experience for all who visit. Discover Monchique's rich cultural heritage by exploring its picturesque villages, where traditional architecture harmoniously blends with the surrounding landscape, 35 km from the most beautiful beaches of the Algarve.nnThis is a solid opportunity for investors or those seeking a rural lifestyle. Contact us for more information and to schedule a visit!nnnn

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