Originally, Palmares was owned by a Portuguese family who first built a golf course on the site in 1975.
In 2001, one of the largest Portuguese companies – Sonae – bought Palmares, and in December 2003 Palmares was bought by family owned company Onyria Golf Resorts.
It was only in December 2008 that a permit for the development of the land for real estate was granted. In 2011, a new golf course on-site was opened. The result was a Robert Trent 27-hole golf course looking over the Bay of Lagos. It is designed with the highest level of international tournament golf in mind. Palmares is composed of three returning nine-hole loops that can be played in any sequence. Each nine-hole loop has its own unique character.
In November 2017, Palmares was acquired in a joint venture by Kronos Homes, one of the most prestigious residential developers in the sector and a large international investment fund.
From 26 September 2019, Palmares moves forward into its next chapter, as the resort itself was officially launched, finally bringing to fruition the true potential of this stunning location.