Homestead boasting 215 hectares and several traditional Alentejo houses in ruins, set amidst a blissful landscape that offers the sublime luxury of space, silence and the slowness of time. Located just five kilometres from the Atlantic Ocean and very close to the picturesque seaside town of Vila Nova de Milfontes in the municipality of Odemira, on the gorgeous Portuguese coastline also known as the Costa Vicentina. This magnificent property is situated just 188 km from the Lisbon airport, 100 km from the Beja airport and 138 km from the Faro airport. This homestead is not located on a protected nature reserve yet it is set amidst a very peaceful and idyllic setting, fully immersed in nature, and offers tremendous privacy. From the highest point of the property, one is graced with panoramic ocean-views. The homestead has various traditional Alentejo one-story structures that are in a state of dilapidation and require total refurbishment. The three smaller houses measure 59 square meters, 69 square meters and 139 square meters. The largest house has 12 divisions and measures 331 square meters that could be increased to 500 square meters. Therefore in total, we have 767 square meters of gross private area on this property. As previously mentioned, all the houses are in ruins and require reconstruction. The rustic part of the homestead is very beautiful with undulating terrain and consists of olive trees, rice fields, arable crop land, cork trees and meadows. This property also boasts a small river, various small dams and a boor hole. This property has the potential to be a family vacation home or to develop a charming and authentic tourism and hospitality project near the ocean on the fabulous Costa Vicentina where nature is still unspoiled and pure. For a tourism project in this region, it is permitted to build up on 4% of the land. In this case, 86.000 square metres of the property could be built up into a tourism development. This property also has the potential to develop a Local Lodging rural tourism project, a luxury "glamping" concept or a photovoltaic solar panel park. An incredible investment opportunity on the Costa Vicentina in the Alentejo! Sotheby's International Realty has almost 300 years of history as a renowned company responsible for transacting luxury goods. Our mission is: "Artfully Uniting Extraordinary Homes with Extraordinary Lives." Please contact us for more information about this unique property.

https://www.sothebysrealty.com/id/cm4js7