Faro

Olhos de Agua | Algarve

Excellence

Personified

View Photos Watch Film 360° VTour Open House

NovusMed

Presented At

€3,350,000

Living

56,188

SQM

Faro, Olhos de Agua, Algarve, Portugal. - Photo 1

Faro, Olhos de Agua, Algarve, Portugal. - Photo 2

Faro, Olhos de Agua, Algarve, Portugal. - Photo 3

Faro, Olhos de Agua, Algarve, Portugal. - Photo 4

Faro, Olhos de Agua, Algarve, Portugal. - Photo 5

Faro, Olhos de Agua, Algarve, Portugal. - Photo 6

Faro, Olhos de Agua, Algarve, Portugal. - Photo 7

Faro, Olhos de Agua, Algarve, Portugal. - Photo 8

Faro, Olhos de Agua, Algarve, Portugal. - Photo 9

Faro, Olhos de Agua, Algarve, Portugal. - Photo 10

Faro, Olhos de Agua, Algarve, Portugal. - Photo 11

Faro

Olhos de Agua | Algarve

Faro, Olhos de Agua, Algarve, Portugal. , Olhos de Agua , Algarve

Plot of land for construction of condominium, Albufeira, Algarve, green area close to the sea and th

Plot of land for construction of condominium, Albufeira, Algarve, green area close to the sea and the city center Plot of land for construction of a condominium of 20 townhouses, type T3, with swimming pool and collective parking, inserted in an urbanization with low density of land occupation, quiet area and located about 2 km from the entrance of the city of Albufeira , architectural design with contemporary lines, houses facing south, excellent possibility of investment for real estate promotion. The location of this urbanization close to the city and about 2 km from the various beaches located to the east of the city, as well as all the surrounding infrastructures such as the road network, are unique characteristics of this area. These houses are designed for different needs and are excellent to live or for investment. The entire surrounding area benefits from consolidated green areas with large trees. Real estate investment in the municipality of Albufeira continues to be guaranteed by the dynamics that the city continues to maintain. With low levels of land occupation and inhabitants per hectare Albufeira continues to be one of the best municipalities in the Algarve for implementing real estate investment projects. Depending on several international markets such as the British, French, Dutch and Scandinavian, the municipality of Albufeira remains the one that offers the most guarantees of return on investment. #ref:LV-2160 (PR-064)

Gallery

Property Location

Faro, Olhos de Agua, Algarve, Portugal., Olhos de Agua Algarve

Local Weather & Climate

Olhos de Agua, Algarve

Current Conditions Updated recently

64 °F

Broken clouds

Feels Like 63°F

Humidity 74%

Wind 9 mph

Visibility 6.2 mi

Sunrise 6:33 AM

Sunset 6:45 PM

5-Day Forecast

Sun 22 Mar

Rain

High 62°

Low 59°

Mon 23 Mar

Clear

High 63°

Low 54°

Tue 24 Mar

Clear

High 64°

Low 55°

Wed 25 Mar

Clouds

High 66°

Low 55°

Thu 26 Mar

Clouds

High 67°

Low 57°

Data from OpenWeatherMap

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

€

Down Payment

€100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (Portugal)

€0 Est. First Year Interest Deduction

€0 Est. Annual Tax Savings

*Maximum annual deduction is €296. Property must be permanent residence. Phasing out for higher incomes.

Ready to explore financing?

Connect with trusted mortgage partners

Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for Portugal. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on Portugal tax year 2025 (fiscal year: January-December). Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

Frequently Asked Questions

Common questions about this property

What is the size of Faro, Olhos de Agua, Algarve, Portugal?

This property offers 56,188 square feet of living space.

What is the listing price for Faro, Olhos de Agua, Algarve, Portugal?

This property is listed at $335,000,000, which equals $5962 per square foot.

What type of property is Faro, Olhos de Agua, Algarve, Portugal?

This is a land parcel located in Olhos de Agua, Algarve. The property is situated in an established neighborhood with convenient access to local amenities and services.