Land for sale in Largo Dr. Francisco Sá Carneiro, Faro (Sé E São Pedro), Faro, East Algarve, Portugal

Presenting an exclusive development opportunity in Faro's Market Place Algarve, a cosmopolitan city steeped in history dating back to the 8th century bc.

Nestled in the heart of the city, near the iconic Municipal Market, this exceptional development promises optimum comfort and convenience for its residents. With effortless access to essential amenities, the historic center, and the most prestigious private beaches, this forthcoming project will be highly coveted as a prime residential location.

Faro boasts an enchanting marina, well-manicured parks and plazas, and a picturesque cidade velha (old town) enclosed by medieval walls. The old town's charming labyrinthine streets, cobblestone pathways, squares, and architectural gems were meticulously reconstructed in diverse styles following historical adversities, including invasions and seismic events. Within this captivating setting, one can find museums, churches, a bone chapel, and inviting alfresco cafes.

The property is strategically positioned a mere 850 meters from the historic center and the monumental arch of the village, with the Porta Nova pier accessible within a leisurely 15-minute stroll. From there, boats transport visitors to barrier islands boasting golden sandy beaches, crystal-clear blue waters, and pleasantly mild temperatures. Situated at Largo Dr. Francisco Sá Carneiro, the most prestigious location in the city, this area underwent full rehabilitation 15 years ago. Portion L.02 of the currently enforced Detail Plan permits the construction of a building comprising up to 7 floors above ground and 2 underground levels. The envisioned structure can accommodate a maximum of 36 apartments, occupying an approximate footprint of 1,300 sqm, with 5,000 sqm of above-ground space and 2,600 sqm below ground.

The available plot comprises two buildings, poised to give rise to an utterly unique development in the region. The contemporary apartments will feature spacious balconies and private parking. Additionally, the project offers the potential to incorporate a variety of supplementary amenities, such as a spa, gymnasium, and swimming pool, enhancing the overall resident experience.

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