Finca/Country House for sale in Formentera municipality, Formentera

Reference: 920723

Exclusive Payesa House in Formentera with Great Potential for Expansion and Appreciation

Located in one of Formentera’s most privileged areas, just 800 metres from the spectacular Playa de Migjorn, this authentic traditional Formentera farmhouse presents a unique opportunity to acquire a property with traditional charm and exceptional development potential.

The estate features a 124 m² main house, complemented by two separate outbuildings of approximately 16 m² and 35 m², as well as its own well and water tank, bringing the total built area to nearly 184 m².

Exceptional potential for expansion

The property’s true value lies in its generous 21,317 m² plot, which offers the opportunity to undertake a substantial expansion project.

Current planning regulations allow for up to 363.17 m² of above-ground floor area, meaning the existing buildings could be extended by approximately 192.22 m².

There is also the possibility of building a further 192.22 m² basement, which is not counted towards the permitted building area. In Formentera, these spaces often enjoy excellent natural light and ventilation, making them fully habitable floors with a wide range of possible uses.

The plot’s total permitted development area can reach 600 m², allowing for valuable additional features such as:

Private swimming pool
Tennis or padel court
Pergolas and shaded areas
Outdoor leisure and relaxation spaces

These features can add approximately 236.83 m², bringing the total development potential to around 792.22 m², including extensions, the basement and auxiliary buildings.

Regulations allow a maximum height of 7 metres, offering interesting architectural possibilities and significant potential for future appreciation.

Authentic charm of traditional Formentera architecture

The main house retains the character and essence of Formentera’s typical rural architecture and comprises:

Three spacious double bedrooms
Main living room
Large kitchen-dining room
Two adjoining rooms of approximately 15 m² and 23 m²
Two terraces of around 30 m² each

These outdoor spaces are ideal for enjoying the Mediterranean lifestyle and the tranquillity of the island.

Exceptional natural surroundings

The entire plot is cultivable and is home to centuries-old olive and fig trees, giving it unique landscape and heritage value.

The location is especially appealing:

Just 800 metres from Playa de Migjorn, considered one of Formentera’s finest beaches.
Approximately 2 kilometres from Sant Ferran de ses Roques.
In a quiet area surrounded by nature.
In an area with tourist potential.

In addition, the location could represent a strategic opportunity in the future if the Balearic Islands once again grant new tourist licences.

Renovations already completed

The property has been partially renovated, with the following improvements:

Electrical system upgraded.
Plumbing updated.
Kitchen renovated.
Flooring replaced.
Various improvement and maintenance works carried out.
An investment with enormous potential

This estate combines some of the most sought-after features in Formentera’s property market: a generous plot of more than two hectares, an authentic traditional farmhouse, proximity to the sea, complete privacy and exceptional potential for expansion and appreciation.

An outstanding opportunity to create a luxury private residence, an exclusive family estate or a long-term investment in one of the Mediterranean’s most exclusive and sought-after destinations.