Spacious plot of land in a very privileged position directly on the lake/reservoir with approx. 200m of direct water access. Very quiet and secluded affording nice country views however the access isby a track

• 54,000m² of land
• 300m² of living area

495,000 EUR
398,327 GBP*

Property Description

Detailed approved planning for a villa of 267m2 on 2 floors
Existing garage is also allowed for rural storage
Over 200m of water frontage
2nd smaller lake slightly higher up
Land goes all the way down to the water
220V Electric supply
Water costs of 160€/yr for unlimited water supply from the Barragem
Approved plan for septic tank
Poor access however the Monchique authorities have promised to tarmac the roads
Annual property rates of 200€/yr
Direct area around the garage & future villa well looked after with many fish ponds and mature trees

Off Shore owned therefore no purchase taxes to pay

Open to offers for a quick sale