Located in the historic area of Olhão, this traditional threestory house represents a rare opportunity for those seeking a property with authenticity and enormous potential for transformation. With a solid foundation and several original architectural elements, the property is in need of restoration, offering the perfect setting to develop a truly special project in the heart of the city. With four bedrooms and a versatile structure, this house stands out for: Two independent entrances, ideal for those who want to create a spacious family home or opt for two distinct apartments, each with its own independent entrance. High ceilings and generous southfacing openings, which guarantee natural light and a light and airy atmosphere after renovation. A top floor, where a spacious living room opens onto two private terraces, complemented by a rooftop terrace an incredible space to create a rooftop with panoramic views over Olhão and the Ria Formosa. A Project with Soul and Infinite Potential. Although it needs some work, much of its original charm remains intact: antique doors, stucco walls, generous proportions, and a traditional aesthetic that can be revitalized and reinterpreted with a contemporary touch. It's the perfect opportunity for those who want to personalize every detail and bring a unique home to life, whether for their own residence, vacation, or investment in seasonal rentals. Privileged Location in Downtown Olhão. Just steps from the traditional market, local restaurants, and the charming streets of Olhão, this property benefits from an authentic urban setting where everything is within walking distance. Close to the Ria Formosa Natural Park, it also offers quick access to stunning natural landscapes and the famous barrier islands. A house with history, potential, and an unbeatable location ready to be transformed into an extraordinary project in the heart of Olhão.