Description
The Centenary Estate "Quinta Do Pinheiro," dating back to 1909, is a family-owned property spanning approximately 15.4 hectares of fertile land that once featured extensive vineyards. Located south of National Road 125 in Luz de Tavira, this large estate stretches to the banks of Ria Formosa and is only 10 minutes away from Tavira and 30 minutes from Faro International Airport. The estate has a total area of 154,733m2 divided into two large plots with urban/rustic characteristics (73.535m2 to the south and 82,258m2 to the north) and is fully fenced. It consists of: A two-story manor house with 8 bedrooms and two annexes, which can generate medium-term rental income. The house is in excellent condition and ready to be inhabited, featuring new double-glazed aluminum windows and solid wood doors and windows in harmony with the traditional aesthetics. The plumbing, kitchen, and bathrooms have been renovated. A caretaker's house with two bedrooms, a living room with a wood-burning stove, a kitchen, a bathroom, and outdoor patios. An old winery to be restored, with four divisions for the wine press, barrels, storage area, and tasting. A small house of 59m2 to be restored, with a courtyard and a well, located in an elevated area at the southernmost part of the property, requiring total renovation. A renovated house with 2 bedrooms on the waterfront of Ria Formosa. A large tank. Warehouses and carport area. Water well. Orchard. Greenhouses (for agricultural use). Avocado plantation (for agricultural use). Currently, the property generates guaranteed income from a portion of the rural area through rural leases (the greenhouse area to the north of the property, as shown in the photos, and a smaller area for avocado cultivation). Additionally, the owners regularly derive income from short-term rental contracts for the main house, caretaker's house, and the waterfront house, primarily for vacation purposes or short stays. Quinta do Pinheiro is situated in a low-lying and flat area that extends to Ria Formosa and the well-known Torre d'Aires monument, offering good visibility of the entire coastal area from Fuzeta to Santa Luzia. Surrounded by stunning landscapes and only a few meters away from a boat ramp, this property is ideal for your project.
