Carvoeiro is a town and a former civil parish in the municipality (concelho) of Lagoa, Algarve, Portugal. In 2013, the parish merged into the new parish Lagoa e Carvoeiro. It is located about 5 kilometres (3.1 mi) south of Lagoa.

There are two beaches at Carvoeiro, including Carvoeiro Beach (Praia de Carvoeiro) and Paradise Beach (Praia do Paraíso).

Algar Seco, a few hundred meters along the coast east of the main square and beach, is a popular nature site where ocean wave erosion has carved out grottoes, islets and water-spouts. It is also renowned in the vicinity for prime marine life spotting. In 2011, a blue whale (Balaenoptera musculus) was sighted off the coastline by local fishermen, but more commonly, bottlenose dolphins (Tursiops aduncus) are seen in pods of up to 12.