Albufeira e Olhos de Água (Albufeira)

Green-Acres Property Listing - Portugal

Property Details: Rooms: 0 Bedrooms: 7 Living Area: 238 m² Price: 750,000 EUR

Agency: Sotheby's Carvoeiro

Description: Set on a generous 620 m² plot, just 600 metres from the beach and within easy walking distance of Albufeira's historic centre, this exceptional property presents a rare investment opportunity in one of the Algarve's most desirable coastal locations. Comprising three independent residences with a total of seven bedrooms and seven bathrooms, it offers outstanding flexibility and multiple income-generating possibilities from a single asset. Ideal as a boutique hospitality business, premium holiday rental investment, or an expansive multi-generational family residence, the property successfully combines versatility, privacy, and an exceptional central location. With a gross construction area of 281 m² and 238.85 m² of usable living space, the property is presented in excellent condition and has been thoughtfully configured to maximise both comfort and rental potential. Casa A is a spacious three-bedroom, three-bathroom apartment of approximately 111 m², featuring a bright open-plan living and dining area, a fully equipped kitchen, and attractive garden views that create a welcoming atmosphere for both owners and guests. Casa B offers a similarly generous three-bedroom, three-bathroom layout of approximately 110 m², providing fully independent accommodation with excellent appeal for holiday rentals or extended family living. Casa C is a charming one-bedroom duplex apartment, complete with a bright living area, a fully equipped kitchen, and a thoughtfully designed layout that is perfectly suited to couples or smaller groups. The property's enviable location places Fisherman's Beach within a short stroll, while a wide range of amenities—including restaurants, cafés, supermarkets such as Lidl and Aldi, schools, healthcare facilities, banks, and everyday services—are all conveniently close by. Faro International Airport is approximately 45 kilometres away, providing excellent accessibility for international owners and visitors. The apartments have demonstrated consistent profitability as established holiday rentals and have earned excellent guest reviews, highlighting the quality of the accommodation and the enduring appeal of the location. Combined with a prime coastal setting, multiple independent residences, and proven rental performance, this property represents a compelling opportunity for investors seeking immediate income potential alongside long-term capital appreciation in one of the Algarve's most sought-after destinations.