Welcome to your oceanfront paradise! This remarkable property offers endless possibilities and is ready to be claimed as your own.Your vision for this property is the only limit. Whether you desire to customize the existing plans, add charming bungalows, or transform this project into your private residence, the potential for creating your own oceanfront oasis is yours to grasp.For developers and investors, the existing property can be purchased and resold to eager buyers, offering a lucrative investment opportunity in the idyllic Azores.The hard work of navigating through bureaucratic red tape is already done; all that remains is for you to bring this vision to fruition. Everything you need to build your dream home or hotel is in place: permits are approved, and construction is already underway. And, of course, the water views are nothing short of spectacular.The current plans encompass a six-suite hotel, where each guest will luxuriate in their private studio complete with living quarters, a bedroom, and an ensuite bathroom. Each studio also features a patio that offers breathtaking views of the lush grounds.The hotel's amenities are equally impressive, providing ample communal spaces for guests to enjoy, including a pool and sun deck, saunas, a fitness center, a jacuzzi, a Turkish bath, and a bar with a small restaurant.Designed by a skilled landscape architect, the property maximizes its natural beauty and takes full advantage of the stunning ocean vistas. The plan includes extensive gardens, a private waterfall grotto with a koi pond, a nature preserve, and hiking trails.With current permits in place, this project is estimated to cost between €400,000 - €600,000 ($390,000 - $588,000 as of Oct’22) to complete. However, the property is being sold AS-IS, giving you the flexibility to pivot and construct a larger hotel, an expansive vacation home, or additional guest bungalows after securing local permits and approvals.Located in the picturesque parish of Ponta Garca in Villa Franca do Compo, this property is easily accessible from the highway, and there is a public parking area just approximately 10 meters from the property. This serene part of São Miguel Island offers quaint cafes, a charming town square, and a unique blend of horseback riders and vehicles sharing the road. This oceanfront community is conveniently situated just 30 minutes from São Miguel Airport, making it an ideal location, equidistant from Ponta Delgada (the capital of the Azores) and a myriad of outdoor recreational activities, including Furnas' hot springs, waterfalls, and ecological hiking trails.Seize this remarkable opportunity to shape your vision in the Azores, where oceanfront living becomes an everyday reality. Contact us today and embark on your journey to this breathtaking paradise.