Solar Penguin
$ 1,500,000 $ 2,800,000 46.4%

Solar Penguin

Portimao

  • 7 Beds
  • 7.5 Baths
    Full Baths: 7 Half Baths: 1
  • 8,159 SqFt
  • 5,963 Lot Size
  • 1867 Year Built
PORTUGAL INVESTMENT PROPERTY - DEVELOPER'S SPECIAL - CHEF OWNER'S DREAM - HANDYMAN FIXER UPPER | The Solar Penguin (🌞🐧) operated as a Bed & Breakfast for many years. Today it is a seaside ruin with great potential in a prestigious location on the center beachfront of the glamorous Praia da Rocha Beach. This unique beachfront property can be restored to its original three floors spreading 8,159 sqft (758 m2). The building has a footprint of 2,906 sqft (270 m2) and sits on a lot of 5,963 sqft (554 m2). Perched at the cliff's edge, the direct ocean views are truly incredible. The building as it is now was built in 1919 after the original castle-like edifice structure crumbled down in 1911. The property was initially built as a home and later converted into a guest house. The Solar Penguin shut down in 2007 at the retirement of its long-time operator. See attached plans for a six bedroom suites villa that could support short-term vacation rental by the room. Also, see the plan for a proposed restaurant. These are just some examples, and the possibilities of creativity are endless 🐧. For more info call Eytan @ +1 (305) 340 6922
Listed by Eytan Benzeno of Beachfront Realty INC

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PROPERTY DETAIL

  • Key Details

    Sold Price $1,500,000

    Property Type Townhouse

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 8, 159 sqft

    Price per Sqft $183

    Sold Date 10/09/24

    Bedrooms 7

    Full Baths 7

    Half Baths 1

    Year Built 1867

    Lot Size 5,963 Sqft

CONTACT

Eytan Benzeno
Eytan Benzeno

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