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Vale do Lobo Plot with Existing Building and Project For A Brand New Villa

€ 1.500.000

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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 modernize 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 Praça 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 Câmara so therefore provides a buyer the opportunity to personalize 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 modernization 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 Câmara.

The new villa 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.

Property Details

Price: € 1.500.000
Bedrooms: 5
Bathrooms: 5
Built area: 379.00 m2
Plot area: 3,940.00 m2
Reference: PSV5031/2

Property Features & Amenities

Close to Amenities
Close to Beach
Close to Golf
Located in a Luxury Development
Swimming Pool

Property Location

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