Magnificent Homestead boasting 215 hectares and several traditional Alentejo houses, set amidst a blissful landscape that offers the sublime luxury of space, silence and the slowness of time. Located just 5km from the Atlantic Ocean and very close (8km) to the picturesque seaside town of Vila Nova de Milfontes in the municipality of Odemira, on the gorgeous Portuguese coastline, also known as the Costa Vicentina, in the Alentejo. This estate is situated just 9km from the beautiful Praia do Malhão Beach, just 188km from the Lisbon airport, 100km from the Beja airport and 138km from the Faro airport. Located outside the Costa Vicentina and Southwest Alentejo Natural Park, most of the property has a low fire risk and is outside the REN (National Ecological Reserve) zone, in a place of tremendous peace and serenity, with a natural, undulating, and diverse landscape of immense beauty. This property is in complete harmony with nature and offers a great deal of privacy. From the highest point of the estate, we are graced with panoramic views of the sea. The urban part of the property features several small traditional single-story houses and a larger house, all in ruins. The three smaller houses measure 59m², 69m², and 139m². The larger house has 12 rooms and measures 331m². Currently, there is a total of 598m² of gross private area that can be converted into living space. The larger house can be expanded to up to 500m². Additionally, it is possible to build up to 500m² more for agricultural support structures. The rustic part of the estate is composed of cork oak forest, arable land, and natural pasture. The property also includes a stream with a dam. This property has the potential to be a family vacation home or to develop a charming and authentic tourism and hospitality project near the ocean on the fabulous Costa Vicentina where nature is still unspoiled and pure. For a tourism project in this region, a construction index of 4% is allowed, which translates to about 86,000m², with a limit of 200 beds. This property also has the potential to develop a Local Lodging rural tourism project, a luxury "glamping" project or a photovoltaic solar panel park. A truly unique and exceptional property that offers an incredible investment opportunity on the Costa Vicentina in the Alentejo!