Land with a total area of 535 m², located in Lugar da Penina, Portimão. The property has an approved project for the construction of a house with 210.44 m² of construction area, valid until October 2025, with the possibility of extension for issuing the works permit. Previously, the site housed a now demolished house, which had 136 m² of registered construction. Furthermore, the land has an water wheel , which can be restored, adding even more value to the space. Located in Portimão, a vibrant city in the Algarve, with excellent infrastructure and quality of life, this land is an excellent opportunity to build the house of your dreams or invest in a region that is constantly increasing in value. Location: Portimão, Algarve Land area: 535 m² Approved project: 210.44 m² of construction Project deadline: valid until October 2025 Recoverable old daughter-in-law Portimão, main city in the municipality of Portimão with an area of 182.06 km² [and 60,278 inhabitants (2021 census), subdivided into 3 parishes; the parish that includes the city has around 50,000 inhabitants, making it, therefore, the most populous city in the Algarve. The municipality is limited to the north by Serra de Monchique, to the east by Silves and Lagoa, and to the west Lagos; to the south, it has a coastal sector along the Atlantic Ocean, from Praias: With sand as far as the eye can see, Alvor is a dream beach, surrounded by excellent hotels and leisure and water sports areas. The origins of the picturesque fishing village of Alvor date back to the Arab occupation, having then been an important port. Although there are no visible testimonies from that time, it is worth strolling through the historic center of the town and admiring the beautiful portal of the Igreja Matriz, in Manueline style. Nature lovers cannot miss visiting the Ria de Alvor, an area of lagoons of international importance and a crossing point for various water birds when they travel on their migratory routes between North and South. Praia da Rocha in Portimão: It has become a popular holiday destination, mainly due to the famous Praia da Rocha, and is also considered a city with great potential for fans of coarse fishing (e.g. swordfish), among other water sports, such as jet skiing, sailing, windsurfing, diving and underwater fishing.