Investment Opportunity: Land with Approved Project for Local Accommodation – Madalena, Pico Island This 6776 square meter plot offers an unmissable opportunity for those looking to invest in the growing local accommodation sector on Pico Island. With a fully approved project for the construction of five houses, each with 60 square meters, this development is ready to be brought to life, providing future owners with a unique chance to create a sustainable and highly profitable tourist business.

Located just 1 minute away from the area classified as a UNESCO Intangible Cultural Heritage Site, this property allows guests to enjoy an authentic and natural environment. From the future accommodations, visitors can explore the unique landscape right in front of the plot, immersing themselves in the tranquility and beauty that characterizes Pico Island.

This prime location attracts tourists looking for a peaceful retreat, with close proximity to several natural and cultural attractions. Just a 5-minute walk away is the iconic Moinho do Frade, one of the island's most photographed spots and a must-see tourist attraction. For sea lovers, the natural swimming pools of Laja das Rosas are only 15 minutes away on foot, offering a unique swimming experience in crystal-clear waters surrounded by volcanic formations.

Additionally, the land is just a 15-minute drive from Pico Island Airport, ensuring easy access for those arriving on the island. The center of Madalena, the island’s main hub with its services and amenities, is only 6 minutes away, making the development even more convenient for future guests. Strategically located between Madalena and the historic Vila Baleeira of Lajes do Pico, which is 30 minutes away, this project serves as an excellent base for exploring the island's main attractions, including Mount Pico, hiking trails, and the renowned vineyards, celebrated for their unique beauty and historical importance.

This project offers extraordinary potential for those looking to capitalize on the growing demand for tourism on Pico Island. With the approved project, the five 60-square-meter houses can be transformed into modern and comfortable local accommodation units, meeting the increasing demand for authentic and unforgettable experiences that tourists seek when visiting the Azores. Whether you intend to manage the development yourself or invest in a property with great financial return potential, this land in Madalena is a wise choice. #ref: 76492