Land in Cascais

€ 4,400,000 For Sale

TAPT01-294_AA

Cascais, Lisbon

Estoril

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Description

This plot of land in Estoril spans 3,400 square meters and has had an approved PIP, in September 2020, with a permission to build up to 1,200 square meters above ground. It is in an exclusive area where only large villas are found on big plots of land, providing a serene environment with the sound of birds singing. The location enjoys limited traffic from mostly residents and staff, providing a quiet and peaceful atmosphere.
Despite the quietness of the area, it is conveniently located just a 5-minute drive from the main roads where some of the area's most popular establishments can be found. These include the renowned pastry shop/restaurant Garrett, the Saloio supermarket, which offers a wide variety of gourmet and traditional items, and the popular Cajoar drugstore, which carries a range of products from wine glasses to small items of furniture.
The area is well-connected and easily accessible, with many attractions just a few minutes' drive away. The Casino Estoril, beaches, golf courses, tennis courts, equestrian centers, bars, and many restaurants are all within easy reach. This makes it a prime location for anyone seeking a peaceful retreat with easy access to the area's popular attractions.
The sloping site of the plot offers an opportunity to modify the approved building project to include a terrace at the top that can provide a stunning view of the sea from a distance. In addition, the below ground construction can be as big as desired and can be used for various purposes such as a garage area, laundry area, wine cellar or gaming rooms, among others. This area is not included in the approved 1.200m2 construction, making it an excellent opportunity to add more value to the property.
Given the size of the construction that has had the PIP approved, the plot can accommodate a single large villa or the creation of two villas, possibly with a shared pool. This could be an ideal arrangement for a family, with a parents' house and a daughter's house, all within the same large plot. With no other available plots of land in this area, this is a unique opportunity to build a dream home in a prime location.
The owner is open to negotiating the price and is willing to consider proposals from interested parties. However, given the scarcity of available land in this specific area and the fact that the owner knows that this is a consolidated area where any project that respects the Municipality's PDM will be approved, makes it unlikely that the price will be significantly lowered. Nonetheless, interested buyers are encouraged to submit their proposals for consideration.
Overall, this plot of land with plenty of space for customization presents an excellent opportunity to build a dream home or homes in a prime location while enjoying the peaceful setting and yet have easy access to amenities and entertainment.

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