Misty morning aerial view of Castelo do Bode reservoir

PIP Issued April 2026 · Castelo do Bode

Alagoa ReserveApproved Development Rights on Castelo do Bode

Planning permission (PIP) issued and active: 2,040 m² of approved construction for five signature residences on a 9,000 m² private forest estate.

Alagoa Reserve arrival gate — dry-stacked schist stone and blackened steel pivot gate

A Singular Development Opportunity.

Alagoa Reserve brings together a remarkable natural setting and an approved development framework for the creation of five private residences within a single architectural composition. Set among 17 mature cork oaks and native pines near Castelo do Bode, the property offers the foundation for a distinctive residential project shaped by privacy, landscape and architectural ambition.

The Opportunity

A rare private estate, shaped by protected nature and time.

Located within a highly controlled planning environment, Alagoa Reserve benefits from a pristine natural setting where future development is strictly limited and landscape preservation is central to the area’s identity. This rare positioning ensures absolute privacy and long-term asset scarcity, offering a solid foundation for a single, unified residential architecture of exceptional rarity.

Estate Features

The defining attributes of the estate — planning, land, water, surroundings and documentation.

01PIP approved for 2,040 m² of construction
029,000 m² private estate
03Five premium residential units
04Private water well on site
05Minutes from Castelo do Bode
06Protected natural surroundings
07Native forest and Mediterranean vegetation
08Developer-ready documentation package

Illustrative Development Vision

An illustrative development vision for the approved potential of Alagoa Reserve.

A single architectural gesture, one continuous canopy, five private residences held within it. The visualisations below illustrate the approved development potential of Alagoa Reserve — the estate’s scale, spatial quality, privacy and long-term residential character. They communicate an architectural vision of how the approved planning parameters may be realised and do not represent the final architectural project.

Aerial visualisation of the approved single-building composition uniting five private residences

01 · Illustrative Masterplan

Illustrative Masterplan

Illustrating the PIP-approved single building composition of five private residences beneath one continuous architectural canopy.

Illustrative pool and terrace at one of the five private residences at dusk

02 · Pool & Terrace (Illustrative)

Pool & Terrace (Illustrative)

Private outdoor living along the residence, framed in stone and warm timber at dusk.

Illustrative interior of one of the five private residences within the unified building, with stone, timber and forest views

03 · Signature Residence (Illustrative)

Signature Residence

Interiors framed in stone and timber, with the surrounding forest held constantly in view. A quiet, materially honest expression of the estate's identity.

Illustrative visualisations prepared exclusively to communicate the site’s approved development potential. Final architectural layouts subject to execution of legal, technical, and commercial due diligence.

Heritage

Timeless Portugal

Just fifteen minutes from Alagoa Reserve lie Abrantes and Tomar, two historic cities at the heart of one of Portugal's most authentic cultural landscapes. Abrantes, historically known as the 'Key of the Tagus,' held a position of major strategic importance as a crossing point along the river, and forms part of the Linha do Tejo, a line of medieval fortifications established from the 12th century, while Tomar is home to the UNESCO World Heritage Convent of Christ and the extraordinary legacy of the Knights Templar. Beyond these landmarks, the region unfolds through medieval castles, traditional villages, conventual traditions and generations of local craftsmanship.

Here, history is not confined to museum walls. It remains part of everyday life, creating a timeless setting where heritage, nature and contemporary living coexist in harmony.

Location

Protected freshwater landscape, with heritage at its edge.

Fed by the wild waters of the Zêzere River, Albufeira de Castelo do Bode is a legally protected public reservoir (Albufeira de Águas Públicas Protegida) and one of Portugal's largest bodies of freshwater, spanning over 60 kilometres in length, covering more than 3,200 hectares of surface area, and holding over one billion cubic metres of water. As the principal drinking water source for Greater Lisbon, it supplies the water distributed by public utility EPAL to millions of residents, maintaining pristine water quality monitored under the standards of the APA (Portuguese Environment Agency). The reservoir and its catchment are governed by a dedicated national land-use plan overseen by the APA that strictly limits new development across the region. This rigorous protection safeguards the local ecosystem while reinforcing the rarity of Alagoa Reserve's secured planning permission. Castelo do Bode is also one of the country's premier inland destinations where swimming and watersports are permitted along peaceful, wooded shorelines.

Situated in Martinchel, Alagoa Reserve sits just minutes from the water, providing convenient access to river beaches, boat charters, kayaking, paddleboarding, fishing, and trail networks for mountain-biking, and off-road riding through the surrounding wilderness. Set amid mixed pine and native Mediterranean woodland with 17 mature cork oaks, the property sits naturally within the landscape of Central Portugal. Located within ninety minutes of Lisbon yet distinctly removed, the estate is positioned within an emerging, low-density haven shaped by freshwater, tranquility, and open nature.

Freshwater lifestyle and water activity at Castelo do Bode

Connectivity

Barragem de Castelo do Bode3 min
Praia Fluvial da Aldeia do Mato5 min
Abrantes15 min
Tomar · UNESCO Heritage15 min
Lisbon Airport90 min

Investment Highlights

Key characteristics of the development opportunity.

PIP Issued · April 2026

Planning permission secured and active — not pending.

0 m² Approved Construction

Total approved gross construction area.

0 m² Footprint

Approved building footprint at ground level.

0 Luxury Residential Units

One unified building; five private residences.

COS 0.11 · Max Height 8.75 m

Approved planning parameters.

0 m² Private Estate

Pine woodland and native Mediterranean vegetation.

Private Water Well on Site

Independent water source within the estate.

Licensing Window · Closing April 2028

Period to execute the approved licensing, extendable by one year on request under Portuguese planning law (Art. 17º(6), RJUE), provided the original approval conditions remain unchanged.

Market Opportunity

An emerging residential destination.

Central Portugal is benefiting from growing demand for nature-led second homes: international buyers, remote-working professionals and wellness-led developers are increasingly seeking landscapes that combine privacy, nature and proximity to a major capital.

Castelo do Bode is well positioned to capture this demand, with increasing interest in wellness, outdoor living and low-density residential environments and limited approved residential supply in the surrounding area.

Alagoa Reserve is a PIP-approved residential opportunity in this emerging destination, providing a credible entry point for qualified developers and investors.

Investment Opportunity

A de-risked development opportunity with approved planning potential for one architectural building comprising five private residences in a protected, low-density setting near Castelo do Bode.

Project Acquisition Price

Price available upon registration

The acquisition comprises the complete PIP-approved real estate development opportunity — the land and its approved development potential. The approved scheme is indivisible: its value resides in one coherent building, not in five separate parcels. The licensing window to execute the approved PIP closes in April 2028, with a one-year extension available on request under Portuguese planning law (Art. 17º(6), RJUE), provided the original approval conditions remain unchanged.

It does not constitute the sale of individual units or completed residences.

Documentation

A comprehensive development package.

One building. Five private residences. Nothing more will ever be built at Alagoa Reserve.

Development opportunities of this nature are exceptionally rare within protected freshwater landscapes. We welcome confidential discussions with qualified buyers and development partners.

Contact

Private Investment Enquiries

Alagoa Reserve is presented exclusively through direct contact.

For family offices, private investors and developers evaluating the opportunity — for project information, investment discussions or to arrange a private site visit, please complete the enquiry form below.