House 241 м² in Lagoa, Portugal

5 889 080 $

24 436 $ /м²

4OThy

House 241m² in Portugal, Lagoa. Priced at 5000000€ rent photo- #1

House 241m² in Portugal, Lagoa. Priced at 5000000€ rent photo- #2

House 241m² in Portugal, Lagoa. Priced at 5000000€ rent photo- #3

House 241m² in Portugal, Lagoa. Priced at 5000000€ rent photo- #4

House 241m² in Portugal, Lagoa. Priced at 5000000€ rent photo- #5

House 241m² in Portugal, Lagoa. Priced at 5000000€ rent photo- #6

House 241m² in Portugal, Lagoa. Priced at 5000000€ rent photo- #7

Area

241 м²

Plot of land for sale in Lagoa, Algarve, Portugal.

Excellent investment opportunity. Plot with approved project, with paid and valid construction license until 2025, allowing the immediate start of construction of a 4-star hotel, less than 500 meters from the sea, in a privileged location, with stunning sea views, within walking distance from the center of the picturesque village of Ferragudu, where you can find excellent restaurants, cafes, local stores and several beaches such as Praia do Pintadinho, Molhe and Praia Grande. Total area of the property: 2000.00 m²; construction volume: 6000.00 m²; sales area: 1291,90 m²; number of floors: 2; height: 7,50 m; number of rooms: 36 housing units. For further information please contact us. Ferragudu is located at the confluence of the Arade River and is considered one of the most beautiful villages in the region. It has a long history and much of its past can be seen by walking through the village. Its cobbled streets are decorated with white-washed houses painted with bright colors and beautiful doorways. The harbor is filled with brightly colored fishing boats and is surrounded by several fantastic fish restaurants and charming cafes. Ferragudo also has a sandy riverside beach with an impressive fortress, Castelo de São João do Arade, perched above it. - REF: 4104

Additional details

Property type

All Types

Object type

House

Price

5 889 080 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Lagoa; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Lagoa short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (5 889 080 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Lagoa: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).