Espiche, Algarve, Bensafrim e Barao de Sao Joao, Algarve, Portugal. - Hero Image
Espiche
Bensafrim e Barao de Sao Joao | Algarve

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€950,000
Living
3,240
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Espiche, Algarve, Bensafrim e Barao de Sao Joao, Algarve, Portugal. - Photo 1
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Espiche, Algarve, Bensafrim e Barao de Sao Joao, Algarve, Portugal. , Bensafrim e Barao de Sao Joao , Algarve

Rustic land with two ruins and 56,080 m2 located in the area of Lagos, in Espiche

🌟Rare Opportunity in Lagos.

Discover a mixed plot of land of 5,608 hectares with two ruins and two urban articles intended for habitation, totaling 301 square meters. This location offers the perfect setting to create your own paradise on earth.

With excellent sun exposure, practically flat terrain and a quiet location with easy access, this land is a refuge surrounded by nature, away from the noise of cars, with only the soft singing of birds.

For nature lovers, this is the ideal location, close to beaches and cities, but immersed in the serenity of the countryside. With the possibility of allocating the land for two dwellings or exploring tourism projects, the options are vast to suit your interests and needs.

Located just 8 km from Praia da Luz and 9 km from Porto de Mós Beach, 92 km from Faro airport, this plot offers proximity to the amenities of neighboring towns, ensuring convenience without compromising the peace and tranquility that only the countryside can provide. Don’t miss out on this once-in-a-lifetime opportunity to create your personalized getaway in this stunning setting in Lagos! 🏡🌿🌅

The area where the village of Espiche is located was inhabited during Roman times, and evidence of a dam from that period was found next to the road to Barão de São João, which was destroyed during the construction of the Wastewater Treatment Plant. [4] Archaeological remains have also been found at the point where National Road 125 passes through Espiche. [5]

The village has existed since at least the eighteenth century, having been mentioned in the Parish Memoir that was drawn up after the 1755 earthquake: «there are in this parish two very old Chapels outside the two towns with an evocation of Our Lady of the Incarnation, almost joining the so-called village of Espiche to the other in a Cabeço de Serro Redondo in front of the Parish Church apart from the South and next to a beach, with the invocation of St. Stephen, they were demolished by the earthquake, they do not belong to any Patron Saint, nor does it have more income than the devotion of the customers.”

During the period of great expansion of the canning industry in the city of Lagos, in the first half of the twentieth century, many of the workers came from remote villages, such as Praia da Luz and Espiche. [7] In February 1976, work began on the construction of Bairro Liberdade.
In the 2010s, a bio-healthy park was installed, aimed at stimulating the practice of sports, as part of a program of the Municipality of Lagos to install various equipment of this type in the municipality. [8] In 2018, the company Correios de Portugal expressed its intention to close its branch in the town of Luz, a decision that was criticized by the Communist Party Portuguese, for not respecting «the interests of the populations of Luz, Espiche, Almádena, Montinhos, Bela Vista, Ferrel and part of Burgau»

In November 2019, the municipality was planning the construction of the Centro Escolar da Luz, in order to replace the schools of Espiche and Luz, which were going to be closed. In June 2020, the City Council awarded a set of works for the paving of several streets in the municipality, including in the village of Espiche.

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Espiche
Bensafrim e Barao de Sao Joao | Algarve

3D Street View Tour

Map showing Espiche, Algarve, Bensafrim e Barao de Sao Joao, Algarve, Portugal.

Property Location

Espiche, Algarve, Bensafrim e Barao de Sao Joao, Algarve, Portugal., Bensafrim e Barao de Sao Joao Algarve

Local Weather & Climate

Bensafrim e Barao de Sao Joao, Algarve

Current Conditions Updated recently
60 °F
Scattered clouds
Feels Like 59°F
Humidity 80%
Wind 9 mph
Visibility 6.2 mi
Sunrise 7:02 AM
Sunset 6:31 PM
5-Day Forecast
Wed 4 Mar
Clouds
High 58°
Low 56°
Thu 5 Mar
Clouds
High 58°
Low 51°
Fri 6 Mar
Rain
High 52°
Low 51°
Sat 7 Mar
Clouds
High 57°
Low 50°
Sun 8 Mar
Clouds
High 58°
Low 48°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Bensafrim e Barao de Sao Joao?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

€
%
€100,000
%
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.

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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.

Market Opinion

Our perspective on current market conditions in Bensafrim e Barao de Sao Joao. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis
International luxury real estate typically appreciates steadily over time.
65
Buyer Score
Estimated regional appreciation: 4% annually
Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $95,000,000 20% down ($19,000,000)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$8,163
$8,163/day
Your home may appreciate while you sleep
$57,300/week $248,301/mo $2,979,615/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$281K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 8% advantage over stocks
RENT 💸 -$52.3M
vs
OWN 📈 +$74.2M
$74.2M Potential Equity
vs $52.3M lost to rent over 10 years
$19.0M Down Payment Growth
3.9x
10yr
$74.2M
8.1x
20yr
$153.5M
12.6x
30yr
$239.9M
Wealth Comparison
×571
Equivalent to 571 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $239.9M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
15.3
years
Optimistic
4.62% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $111.9M +18%
Market $129.4M +36%
Optimistic $149.3M +57%
$74.2M est. equity
20 Years
Conservative $131.8M +39%
Market $176.2M +85%
Optimistic $234.6M +147%
$153.5M est. equity
30 Years
Conservative $155.2M +63%
Market $239.9M +153%
Optimistic $368.7M +288%
$239.9M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

This property offers 3,240 square feet of living space.
This property is listed at $95,000,000, which equals $29321 per square foot.
Based on current market indicators, Bensafrim e Barao de Sao Joao shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a other located in Bensafrim e Barao de Sao Joao, Algarve. The property is situated in an established neighborhood with convenient access to local amenities and services.
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