$1,500,000
$2,800,000
46.4%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
7.5 Baths
8,159 SqFt
SOLD DATE : 10/09/2024
Key Details
Sold Price $1,500,000
Property Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 8,159 sqft
Price per Sqft $183
Sold Date 10/09/24
Bedrooms 7
Full Baths 7
Half Baths 1
Year Built 1867
Lot Size 5,963 Sqft
Property Description
Discover Solar Penguin, a prime ocean-view plot in one of Portugal’s most beautiful beach locations, situated in the vibrant town of Portimão.
This exceptional property offers an unparalleled opportunity to create your dream coastal retreat. Located in the prestigious Praia da Rocha beachfront, Solar Penguin is a fixer-upper with immense potential. Originally built prior to 1867 as the summer chalet for the esteemed Mascarenhas family, this property holds a rich history and charm that awaits restoration.
Key Features:
• Spectacular Ocean Views: Enjoy breathtaking, unobstructed views of the Atlantic Ocean from this prime cliff-edge location.
• Prime Cliff-Edge Location: Perched on the edge of a cliff in the heart of Praia da Rocha, the property offers a unique vantage point with panoramic ocean vistas.
• Central Convenience: Located in the center of town, providing easy access to all the amenities and attractions that Portimão has to offer.
• Existing Structure: The current building spans 7,858 sqft (730 m²), offering a solid foundation for renovation and expansion.
• Historical Significance: Built prior to 1867, this property served as the summer chalet for the Mascarenhas family and operated as a bed and breakfast through the 1980s and 1990s, adding a touch of historical allure and hospitality legacy.
• Versatile Use: The property can be transformed into a stunning private residence or a commercial establishment, such as a chef-owned restaurant, leveraging its prime location and unique character.
• Renovation Potential: With a little imagination and renovation, this property can be transformed into a stunning residence or investment opportunity.
• Investment Opportunity: Ideal for developers looking to create a luxury villa, a boutique hotel, or vacation rentals in a high-demand area.
Solar Penguin is more than just a property; it’s a canvas for your vision. Embrace the chance to design and build in one of Portugal’s most iconic beach destinations. Whether for personal use or as an investment, this property offers endless possibilities.
For more information and to schedule a viewing, contact Eytan at +1 (305) 340-6922.
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