House in Formentera
€1,970,000

House in Formentera

  • New
  • 3 bedrooms
  • 1 bathroom
  • 184 m² gross area
  • 21,317 m² of land
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Description

Exclusive Traditional Formentera Country House with Exceptional Expansion and Investment Potential Located in one of the most privileged areas of Formentera, just 800 metres from the stunning Migjorn Beach, this authentic traditional farmhouse offers a unique opportunity to acquire a property full of character with extraordinary development and appreciation potential. The estate comprises a 124 m² main house, complemented by two independent annexes of approximately 16 m² and 35 m², as well as a private well and water storage tank, bringing the total built area to approximately 185 m². Exceptional Expansion Potential The true value of this property lies in its extensive 21,600 m² plot, which offers outstanding possibilities for expansion and redevelopment. Current planning regulations allow the built area to be increased up to 363.17 m² above ground level, providing the opportunity to extend the existing construction by approximately 192.22 m². In addition, it is possible to build a 192.22 m² basement, which does not count towards the permitted buildable area. In Formentera, basements are often designed with natural light, windows, and independent access, making them highly functional living spaces with multiple possible uses. The total permitted development on the plot can reach 600 m², allowing the addition of premium features such as: Private swimming pool Tennis or padel court Pergolas and shaded outdoor areas Leisure and relaxation spaces These complementary structures can account for approximately 236.83 m², bringing the property's total development potential to around 792.22 m², including extensions, basement space, and ancillary constructions. Planning regulations allow a maximum building height of 7 metres, offering attractive architectural possibilities and significant future capital appreciation potential. Authentic Formentera Architecture and Charm The main residence preserves the character and essence of traditional Formentera rural architecture and features: Three spacious double bedrooms Large living room Generous kitchen and dining area Two annex buildings of approximately 15 m² and 23 m² Two terraces of approximately 30 m² each These outdoor spaces provide the perfect setting to enjoy the Mediterranean lifestyle and the tranquillity of island living. Exceptional Natural Environment The entire plot is suitable for cultivation and is home to century-old olive and fig trees, adding remarkable landscape and heritage value to the property. The location is particularly attractive: Only 800 metres from Migjorn Beach, widely regarded as one of the finest beaches in Formentera. Approximately 2 kilometres from Sant Ferran de ses Roques. Situated in a peaceful area surrounded by nature. Located within a tourism-oriented environment. Furthermore, the property's location may represent a strategic opportunity should the Balearic Islands reopen the possibility of obtaining new tourist rental licences in the future. Renovations Already Completed The property has been partially renovated, with significant improvements including: Complete upgrade of the electrical installation Modernisation of the plumbing system Renovated kitchen New flooring Various maintenance and improvement works throughout the property An Investment with Outstanding Potential This estate combines many of the most sought-after features in the Formentera property market: a large plot of more than two hectares, an authentic traditional farmhouse, close proximity to the sea, complete privacy, and exceptional expansion and value-enhancement potential. A rare opportunity to create a luxury private residence, an exclusive family estate, or a high-value investment property in one of the Mediterranean’s most prestigious and desirable destinations.

Ref: 920723

Characteristics

  • 184 m² built, 180 m² floor area
  • 1 bathroom
  • 1 washroom
  • Terrace
  • AC
  • Dining room
  • Optical fiber
  • Electric and Natural gas heating
  • Built in 1954

Others informations

Price details

Property price
€1,970,000
Price per m²
€10,707 / m²

Energy performance

Energy performance diagnosis

  • E

45 kWh/m².year

Greenhouse gas emission index

  • E

61 kgCO2/m².year

Formentera, Formentera

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