House Serpa (Portugal) Price: $ 1,361,000 USD

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Bedrooms 4  Bathrooms 3 

This agricultural property spreads over 59.73 hectares, from which 12.5 hectares are within the irrigation perimeter of the Alqueva and another 5.5 hectares more can also be irrigated. These two areas are mostly flat and, otherwise, gently inclined. Hence they are suitable for planting an intensive olive grove. The remaining 42 hectares of the land is undulating and dotted with mature oaks in medium density, as well as some old olive trees. This area is suitable for livestock farming. There is currently a flock of about a hundred sheeps that can be acquired with the property.The existing buildings, of approximately 350 m2 footprint, is constituted by : An old ruined watchtower that has been used for supporting the Serpa castle A main house with a first floor over one part, connected by a walled patio to an older house typically Alentejanese. Both houses require renovation works. Outside the houses wall, there is a terrace and, going down a few steps, there is a kidney-shaped swimming pool facing the sun set. Attached to the house is a large agricultural shed and its annexes, over approximately 1500 m2.Access to the property is done via a dirt road of approximately 400m. There is a terrace between the house and the leisure area. A gate on the right allows us to cross a low wall that circumscribes the two houses, connected to each other by an interior patio.From the patio, on the left, we enter the main house through a hall that leads to : Opposite, the kitchen opening onto a small living room with a fireplace. There are other two rooms accessible from the hall, located on each side of the kitchen. On the right, a corridor leads to two spacious bedrooms on the left and, to the right, we find: a bathroom with bathtub, a small storage room and another small room with a sink that gives access to the other house through a covered outdoor space, attached to the agricultural shed, where there is a bathroom with shower. On the left, there is the staircase that leads to the first floor consisting of a large living room with fireplace, a small bathroom with shower and a large room divided into two spaces by a wall arch. A door opposite the staircase allows us to go down to the patio by an exterior staircase.The views are magnificent, both from the first floor and from the rooms facing west on the ground floor.The entrance door to the older house is located in the covered space between the two houses. It consists of a large kitchen and a living room with fireplace through which you can access a bedroom.The property has a strong tourist potential because of its size and the proximity of Serpa and the Alqueva dam. And of course, due to its magnificent view over the castle and the surrounding countryside, since the watchtower has been built at the highest point around the city.The owner will study a possible investment proposal from a future partner, aiming at carrying out the agricultural (olive grove and livestock) and touristic projects at a design stage. This one includes the rehabilitation of the two houses as well as the installation of about ten ecological structures on the land.The property is connected to the city's electricity network with its own transformer station. There are two boreholes, a spring and a rainwater pond.It is located 4 minutes from the centre of Serpa, a medium-sized town in the south of Alentejo, 30 minutes from the large city of Beja, 1 hour 15 minutes from the capital of Alentejo, Évora, and 1 hour 45 minutes from the beaches of the Algarve.