Luxury 3 bedroom Apartment for sale with sea view in Vilamoura, Algarve
The spacious 185m2 property features a large and bright social area in an open space concept, integrating into the living and dining room with a modern, fully-equipped kitchen with a direct connection to the outdoor areas.
There is a 32 m2 private swimming pool and two exclusive gardens totalling 190 m2, one of which comes with a pleasant barbecue area, ideal for leisure and socialising.
The private area includes three en-suite bedrooms, guaranteeing total...
The spacious 185m2 property features a large and bright social area in an open space concept, integrating into the living and dining room with a modern, fully-equipped kitchen with a direct connection to the outdoor areas.
There is a 32 m2 private swimming pool and two exclusive gardens totalling 190 m2, one of which comes with a pleasant barbecue area, ideal for leisure and socialising.
The private area includes three en-suite bedrooms, guaranteeing total comfort and privacy.
The high-quality finishes and careful selection of materials reflect the premium positioning of this development.
This apartment is delivered fully furnished - including outdoor furniture - and equipped with state-of-the-art technology and comfort solutions : Kitchen with Siemens and Miele appliances, integrated air conditioning, electric underfloor heating, home automation system, video intercom and electric shutters with blackout curtains.
It also benefits from a closed private garage with capacity for three cars and additional storage space.
Designed for a contemporary, balanced and sustainable lifestyle, the residence features large green areas and modern architecture by an internationally renowned company.
Residents benefit from a true resort concept, with a reception and concierge service, several swimming pools, barbecue areas, a paddle court, a golf practice area (pitch and and putt), indoor and outdoor gyms, as well as a wellness area with a sauna and Turkish bath.
The location is equally privileged, around 2 km from Vilamoura Marina and Falesia Beach, and approximately 1 km from the region's prestigious golf courses.
Area: 185 m2 | 1,991 sq ft
Useful area: 143 m2 | 1,539 sq ft
Bedrooms: 3
Bathrooms: 3
Garage: 3
Energy efficiency: A
Luxury apartment
3 suites
Private pool
Private gardens
Underfloor heating
Fully furnished
Private condominium
Golf courses
Gym
Paddle tennis court
Private parking and storage
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This Apartment is located in Vilamoura in Portugal
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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.