World Luxury Home
3-hectare Building Plot In Faro City, Algarve
Description
3 Hectare Development Plot with Approved Subdivision Project in Faro City, Algarve
Situated just minutes from the Forum Algarve Shopping Centre, this exceptional 31,170m2 building plot offers a unique investment opportunity within Faro city limits. With a construction index of 60%, the land permits a total build area of up to 18,702m2 across 9 subdivided lots — ready for a mixed-use project featuring 157 residential units and retail spaces.
Key Features:
*
Total plot area: 31,170m2 across 9 subdivided lots
*
Buildable area: up to 18,702m2 (60% index)
*
Approved subdivision plan for 157 units (residential + retail)
*
Fully developed infrastructure: water, electricity, and sewage connections
*
Paved access roads and excellent city connectivity
This shovel-ready site benefits from a strategic location within the city of Faro, making it ideal for developers looking to create a residential community with integrated commercial zones. Whether you're planning apartment buildings, condominiums, or a blend of homes and retail units, this plot is primed for success.
Location Highlights:
Faro, the capital of the Algarve, offers a vibrant mix of cultural heritage and modern convenience. its charming old town, scenic marina, and thriving university population make it a hub of year-round activity. The plot is ideally positioned near public transport, shopping centres, restaurants, schools, and healthcare, all within a 15-minute drive from Faro international Airport.
Why This Property Stands Out:
*
One of the few large-scale development sites available in Faro city
*
Pre-approved for subdivision and residential/commercial construction
*
Flat terrain with excellent infrastructure and access
*
Close to all amenities, including Forum Algarve, schools, and transport links
A rare opportunity to acquire a prime development plot in the heart of Faro — ready for immediate planning and build phase.
Looking for more Algarve properties in Faro?
View all properties for sale in Faro, Algarve
🏡 About Faro, Algarve
As the capital of the Algarve, Faro blends traditional Portuguese charm with urban convenience. its scenic marina, medieval city walls, and cobbled streets give way to modern shopping, vibrant cafes, and a university community. From the historical Arco da Vila to the peaceful Ria Formosa Natural Park, Faro offers a dynamic environment for living, investment, or tourism. Just 15 minutes from Faro Airport, it's the perfect launch point to explore the Algarve's southern coast. 🔗 Useful Links: Learn more about Faro on Wikipedia Explore all properties for sale in Faro
📍 Local Highlights:
* Forum Algarve Shopping Centre
* Faro Old Town & Arco da Vila
* Ria Formosa Natural Reserve
* University of Algarve
* 15 minutes to Faro international Airport
Features
* City View
* Country Views
Price: $11,700,000
Details
Features
Address
Contact
World Luxury Home
Similar listings
Company
Support
Stay connected
Settings
Explore a world of unparalleled luxury with World Luxury Home.
Our curated collection features an array of distinctive properties, ranging from majestic waterfront estates to sprawling country homes.
Immerse yourself in the elegance of Beverly Hills, the rustic charm of Benahavis homes, or the serene beauty of lakefront homes. We provide a unique platform for discerning buyers to discover the finest selection of luxury homes, including coveted gated community residences and custom-built homes.
Each listing is meticulously presented to showcase its unique qualities, whether it's a modern bungalow-style home or an exquisite 5-6 bedroom European country-style estate. Our extensive database includes diverse options such as affordable luxury homes, chic mansions, and exclusive apartments for sale, ensuring a match for every luxurious preference.
Dive into our selection of properties and find your next extraordinary living experience, from the bustling metropolitan cities to breathtaking locations.
