Algarve Estate with Boutique Hotel Approval Listed for €3.5 Million
A 12,500-square-meter estate in Cabanas de Tavira, known as Quinta Nora Branca, has been listed for sale with an asking price of €3,500,000. The property includes an approved Detailed Plan (Plano de Pormenor - PIP) that permits its development into a boutique hotel with a capacity for up to 60 guests, presenting a significant investment opportunity in the Algarve's hospitality sector.
The property is being marketed as a highly exclusive offering for investors looking to enter or expand their presence in the Algarve. The approved PIP is a critical asset, as it provides a clear legal framework for the proposed hotel development, streamlining the process for the future owner. The plan allows for a substantial tourism project in a region with consistently high demand.
Quinta Nora Branca currently features two existing houses on the grounds. These structures are described as combining traditional architectural charm with modern comforts, maintaining authentic elements of the Algarve's rural heritage. The property is equipped with several amenities that support a luxury and sustainable operation, including a swimming pool, a tennis court, and a private water borehole, which provides an independent water source.
The estate's location in the village of Cabanas de Tavira is a key strategic advantage. The area is a well-known and charming fishing village, popular for its local cuisine and traditions. Its proximity to the Ria Formosa Natural Park, a protected lagoon system and one of Portugal's most famous natural landmarks, adds to its appeal for tourists and potential hotel guests.
A real estate market analyst commented on the listing, stating, "The presence of an approved PIP is a game-changer for an asset like this. It removes a significant layer of bureaucratic uncertainty and time, which are often major hurdles in development projects in Portugal. This makes the property particularly attractive for investors who want a more straightforward path to generating returns."
The combination of the land size, the existing residential structures, the valuable development rights, and the prime location near a major tourist attraction positions Quinta Nora Branca as a notable asset in the current market. The sale is expected to draw interest from both national and international investors focused on the luxury and tourism segments of the real estate market.
The property is currently listed on the Idealista real estate portal, which regularly features exclusive and high-value properties across the country. The listing provides further details on the estate's features and the specifics of the approved development plan.
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