Located at the southern entrance of the charming village of Melides, this exceptional 1,600 sqm urban plot offers a rare opportunity to develop a landmark residential or hospitality project in one of Portugal's most desirable coastal destinations. The property benefits from an approved urban framework allowing up to 960 sqm of above-ground construction in two floors, complemented by an additional 960 sqm basement and the possibility of a roof loft, subject to the relevant licensing.With direct frontage onto the N261 and within walking distance of Melides' historic centre, cafés, restaurants and local amenities, the plot combines outstanding accessibility with the authentic charm of one of the Alentejo coast's most sought-after villages. The pristine beaches of Melides are only a few minutes away, while Comporta and Lisbon International Airport are easily reached.Ideally suited for a boutique residential development, touristic apartments, a mixed-use project or a private estate, this is a unique investment opportunity in a market where premium development sites have become increasingly scarce.