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Investment Opportunity: Development of Apartments in Santa Maria

€1,600,000€1,076/m²

Santa Maria, Sal Island, Cape Verde

  • 24

    bedrooms

  • 16

    bathrooms

  • 1,487 m²

    interior

  • 1,487 m²

    plot

  • Apartment

    property type

  • 2 weeks ago

    listed

The Habio take

AI summary

This impressive development comprises 24 spacious apartments, offering a robust investment opportunity in the heart of Santa Maria, Sal Island, Cape Verde. Known for its stunning beaches and vibrant culture, this location is increasingly popular among both tourists and residents alike.

  • beach
  • investment
  • rental income
  • new build

Highlights

  • 24 bedrooms across 16 apartments
  • Spacious internal area of 1487 m²
  • Located in the vibrant Santa Maria
  • Strong rental potential
  • Close to beaches and amenities
  • Built in 2008 with modern standards

Worth knowing

  • Potential need for interior refurbishment to maximise rental income

Good fit for: Ideal for investors seeking rental opportunities in a growing tourist destination.

Lifestyle scores

Beach
90
Walkable
80
Remote work
60
Family
70
Retirement
75
Airport access
70
Investment
80
Luxury
65
Value
75

About this place

This development of apartments for sale in the Tanquino district of Santa Maria features a total of 24 bedrooms across 16 well-appointed apartments, divided into eight one-bedroom and eight two-bedroom units. The apartments cover a generous internal area of 1487 square metres, providing ample living space. Built in 2008, the property sits above a medical centre, highlighting its advantageous location.

Santa Maria boasts long, wide beaches that are complemented by pastel-coloured buildings, lively restaurants and bars. As the main resort area on Sal Island, it offers many amenities within a short walk, making it ideal for enjoying the local culture. The area’s clear waters host diverse marine life including rays and sea turtles, while the nearby Kite Beach attracts kitesurfing enthusiasts.

Sal Island, part of the Cape Verde archipelago, features a rich history with influences from Portuguese, African, and Brazilian cultures, creating a unique atmosphere. Investors can benefit from potential rental income through platforms such as Airbnb and Booking.com, particularly if the apartments are redecorated to enhance appeal. With close proximity to essential services and sports facilities, this development presents an excellent opportunity for those looking to enter the Cape Verde property market.

What this place offers

  • private parking
  • close to bars and restaurants
  • close to supermarkets
  • close to pharmacies

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