Vale do Lobo 4,000m2 Plot With Existing Villa With Project For A Brand New Villa

Price:
€1,500,000
Type:
Villas+Quintas
Location:
Ferrarias
Area:
Vale do Lobo
Region:
Central Algarve
Country:
Portugal
Bedrooms:
5
Bathrooms:
5
Build m2:
379
Plot m2:
3940
Features:
Country views , Golden Triangle Region
Reference:
oasis
Vale do Lobo 4,000m2 Plot With Existing Villa With Project For A Brand New Villa
Vale do Lobo 4,000m2 Plot With Existing Villa With Project For A Brand New Villa - located just 250 metres from the Vale do Lobo Golf entrance is this private plot of just under an acre with a modern project concept design for a buyer to extend and modernise an existing 3 bedroom 195m2 villa to a 380m2 luxury contemporary 5 bedroom villa.

The location is unique being hidden down a discreet track within a countryside setting amongst nature, yet on the door step of the entrance to Vale do Lobo, the golf club reception, the beach and the Vale do Lobo praca with its restaurants and bars. The plot is completely private, fully enclosed and with an abundance of pine trees and with its own borehole.

This exciting unique project has yet to be submitted to the camara so therefore provides a buyer the opportunity to personalise and finish the villa to their own taste. The architects have used the existing villa as the foundation to keep the costs low with incorporating it within the new villa design with modernisation and a large extension to include a basement under the new extension areas. Using the old villa therefore reduces significantly the cost of construction and, dependent on personal choice of finishings, its estimated the build construction will be in the region of €650,000 to €750,000 as a guide. The existing 3 bed villa is fully useable and can be occupied or rented out whilst project approval is obtained from the camara.

The new villa, called Villas Oasis, has a feature double height tower entrance, guest cloakroom, office, large open lounge and dining room, kitchen with a one and half height ceiling, with a connecting covered outside dining area, 2 ground floor bedrooms both with en-suites. The first floor has 2 bedrooms including dressing rooms, en-suites and connecting balcony terraces. There is also a top 75m2 lounge roof terrace with views and those sunset moments. There is a basement under the new extension areas with an open area, bathroom plus 2 additional rooms ideal for a bedroom and games or TV room.

Outside there is a double gate entrance, parking both inside and outside the plot for visitors. There is a car port. There are 2 feature pools around the dining terrace feeding down to the main pool 50m2 swimming pool.

Set within the heart of the Golden Triangle this can be the perfect holiday home or permanent residence.


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