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. This homestead is not located on a protected nature reserve yet it is nestled in a very peaceful and idyllic setting, fully immersed in nature, and offers tremendous privacy. From the highest point of the property, one is graced with panoramic ocean-views. The homestead has various traditional Alentejo one-story structures that are in a state of dilapidation and require refurbishment. The three smaller houses measure 59m2, 69m2 and 139m2. The largest house has 12 divisions and measures 331m2 that could be increased to 500m2. Therefore in total, there is 767m2 of gross private area on this property. All of the houses are in ruins and require reconstruction. It is possible to build an additional 500m2 of support structures. The rustic part of the homestead is very beautiful with undulating terrain and consists of olive trees, rice fields, arable crop land, cork trees and meadows. This estate also boasts a small river, three small dams and a boor hole. 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, it is permitted to construct on up to 4% of the land. In this case, 86.000m2 of the estate could be built up into a tourism development. 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! Please contact us to receive additional information about this extraordinary property.