Waterfront 16 bedroom Farm Estate for sale with lake or river view in Odemira, Alentejo Southern Portugal

Wonderful opportunity to acquire a unique 16 bedroom fully furnished property nestling in nearly 13 acres of glorious land with beautiful gardens, fruit trees and lake, enjoying panoramic river views from its idyllic location next to the dam in Odemira.

Set in a fairytale landscape arises this charming property, with a private river beach.

It has several buildings, which are distributed as follows:

• 14 bedrooms en suite (all the suites have a bathtub and a separate shower) - most with an independent access, 2 bedrooms, 3 bathrooms, a
dining room, living room, bar, massage room, sauna and Yurt of 50 m2.

There is an office, fully equipped kitchen, laundry area, storage area, car parks, a garage/repair shop, terraces with garden and outdoor leisure areas, outdoor pizza oven and barbecue.

The property also comprises a heliport, pontoon on the lake, several boats, energy autonomy, with solar electricity and generators, filtration system and reuse of drinking water, and internet by satellite.

There are 2 hectares of automatic watering, a terraced garden, a 70m2 greenhouse, fruit trees and biological gardens, ornamental trees, lawns and shrubs, among others.

The property is next to the dam of the River Mira, in the municipality of Odemira, about 2.30h away from Lisbon, 1.20h from Faro and 1h from the Costa Vicentina, being sold fully equipped and furnished.

The dam of the River Mira, in the municipality of Odemira, stands out for its reservoir and it is considered one of the largest in Europe, being integrated in a mountain place of great beauty. In the reservoir it is possible to practice canoeing and rowing, as well as sport fishing and in the vicinities there are several monuments and places of archaeological interest.

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Features

Reference247502

Price2,950,000 EUR

Bedrooms

16

Bathrooms

2

Floor Space

460.0m2

Land Area

5.3 Ha

Fees Paid By Seller

It does not cost you anything to purchase this property through us

Good Condition

Terrace

Terraced outside space

Garden

Has landscaped garden space

Fruit Trees

Has fruit trees

No Pool

Property has no swimming pool

Hot Tub or Sauna

Existing hot tub or sauna

Air Conditioning

Existing in one or more rooms

Renewable Energy

Has solar, wind, hydro or other renewable power

Multiple Dwellings

Includes 2 or more habitable buildings

Outbuildings

Unconverted buildings

Potential for Income

Existing or suitable conditions for income

Lake or River View

Full or partial view of a lake or river

Mountain View

Full or partial view of a mountain

Parking

Has vehicle parking

Garage

Has covered vehicle parking

Front Line

Property borders beach or lakefront

Walk to Beach

Beach is easily walkable

Traditional Style

Rustic, traditional or character style

Turnkey

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Buying a Property in Portugal

1. Signing a Letter of Intent

On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.

2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)

The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.

3. On Completion

The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.