Killarney town land near 24,000 acre National Park offered for 224 homes at €9.5m

13.5 acre Port Road site for sale with full planning for houses and apartments

Wed, 02 Jul, 2025 - 18:55

Property Editor Tommy Barker reports

LAND capable of taking a €100m housing development in leading Munster tourism hotspot Killarney — just opposite the 26,000-acre Killarney National Park and golf club — has just come for sale, for €9.5m.

Offered to builder/developers is a ready-to-go site of 15.3 acres on the Port Road, with full planning granted by An Bord Pleanala for 224 units, a mix of two-storey houses, duplexes, and apartments.

It’s one of the most substantial residential sites to come for sale for many years in a thriving town with acute housing and accommodation shortages.

The €9.5m cited by selling agents Savills, in Cork and Dublin, equates to €42,000 per ‘stand’ or site.

Approval was given by the appeals board to Portal Asset Holdings — whose directors are listed as Michael and Margaret Hegarty — late in 2024, after a 2022 application for a marginally higher density (228 units) was rejected.

Average values for three-bed semis in Killarney are c €400,000, nearly €50,000 more than the average for Kerry.

Price check: eleven two-bed townhouses on sale at The Inches Killarney priced from €500k each by DNG Ted Healy

Notably, a scheme of just 11 two-bed townhouses, The Inches, was launched last month on the Muckross Road for Flesk Lodge Development (via agent DNG Ted Healy), at prices from €500,000 each.

The planning mix approved at Port Road is for 76 two-storey houses, a mix of three- and four-bed semi detacheds and two- and three-bed townhouses; 52 duplexes and apartments spanning one, two, and three bedrooms, and 96 one- and two- bed apartment in three blocks, at a standard density of 30-40 units to the hectare. The site includes new walkways and cycleways and a creche.

James O’Donovan, of Savills, describes the Port Road site as “a significant residential development opportunity, in one of Killarney’s most sought-after residential areas, and just a short walk from the town centre”.

The diverse mix is aimed at a variety of purchasers and tenure types, with duplexes to the southern section of the 15-acre site and the houses to the north, with a new vehicular entrance from Port Road, “widely regarded to be of the most desirable residential addresses in Killarney, with the area notorious for achieving high levels of demand and strong sales prices”, add Savills.

Adding to the attractiveness of this Port Road site is a setting immediately adjacent to the 26,000-acre Killarney National Park and proximity to Killarney Golf Club, within a 2km walk of the town centre on the scenic Ring of Kerry, and ringed by the Reeks mountains as a backdrop.

Interest from a cross-section of Kerry and Killarney developers is expected, and there may be interest from further afield, given the ‘brand recognition’ of Killarney.

Acting with Stephen McCarthy, of Savills Dublin, are James O’Donovan and Peter O’Meara, from Savills’ Cork office, who say that “this is rare opportunity to acquire a large-scale, ready-to-go residential development site in one of Ireland’s most picturesque and desirable towns.

“Port Road is a prime location, and the mix of unit types, combined with proximity to key amenities and transport links, makes this a compelling proposition for developers and investors alike.”

DETAILS: Savills.ie, 021-4271371

LAND capable of taking a €100 million housing development in leading Munster tourism hotspot Killarney – just opposite the 26,000 acre Killarney National Park and golf club - has just come for sale, guiding from €9.5 million.

Offered to builder/developers is a ready to go site of 15.3 acres on the Port Road, with full planning granted by An Bord Pleanala for 224 units, a mi of two-storey houses, duplexes and apartments: it’s one of the most substantial residential sites to come for sale for many years in a thriving town with acute housing and accommodation shortages.

The guide price of €9.5m cited by selling agents Savills in Cork and Dublin equates to an average cost of €42,000 per ‘stand’ or site. Approval was given by the appeals board to Portal Asset Holdings, whose directors are listed as Michael and Margaret Hegarty, late in 2024 after a previous 2022 application for a marginally higher density (228 units) was rejected.

Average values for three-bed semis in Killarney are c €400,000, nearly €50,000 over the average for Kerry county as a whole: notably, a scheme of just 11 two-bed townhouses, The Inches, launched last month on the Muckross Road for Flesk Lodge Development (via agent DNG Ted Healy), at prices from €500,000 each.

The planning mix approved at Port Road is for 76 two storey houses, a mix of three- and four-bed semi detacheds and two- and three-bed townhouses; 52 duplexes and apartments spanning one, two and three bedrooms and 96 one and two bed apartment in three blocks, effectively at a standard current density of 30-40 units to the hectare. The site includes new walkways and cycleways and a creche.

James O’Donovan of Savills describes the Port Road Killarney site as “a significant residential development opportunity, situated in one of Killarney’s most sought-after residential areas, just a short walk from the town centre.” The diverse mix is aimed at a variety of purchasers, with duplexes to the southern section of the 15 acre site and the houses to the north with a new vehicular entrance from Port Road “widely regarded e of the most desirable residential addresses in Killarney with the area notorious for achieving high levels of demand and strong sales prices,” add Savills.

Adding to the attractiveness of this Port Road site is a setting immediately adjacent to the 26,000-acre Killarney National Park and proximity to Killarney Golf Club, within a two km walk of the town centre on the scenic Ring of Kerry, and ringed by the Reeks mountains as a backdrop.

Interest from a cross-section of Kerry and Killarney developers is expected as may be interest from further afield given the ‘brand recognition’ of Killarney itself. Acting with Stephen McCarthy of Savills Dublin are James O'Donovan and Peter O'Meara from Savills’ Cork office who say “this is rare opportunity to acquire a large-scale, ready-to-go residential development site in one of Ireland’s most picturesque and desirable towns. Port Road is a prime location, and the mix of unit types combined with proximity to key amenities and transport links makes this a compelling proposition for developers and investors alike.” Details: Savill.ie, 021-4271371