Stylish 3 bedroom Apartment for sale with panoramic view in Vilamoura, Algarve
Set within the 24 hour gated Palmyra condominium in Vila Sol, Vilamoura, this fully refurbished residence delivers contemporary Algarve living with rare ease and privacy. Renovated in 2024, it flows from a welcoming hall into an open plan living and dining space framed by new double-glazed doors that open to an extended terrace with direct access to landscaped gardens and the condominium pool.
The modern kitchen is both refined and practical, featuring BOSCH appliances, a Bora induction hob, an American fridge and a win...
Set within the 24 hour gated Palmyra condominium in Vila Sol, Vilamoura, this fully refurbished residence delivers contemporary Algarve living with rare ease and privacy. Renovated in 2024, it flows from a welcoming hall into an open plan living and dining space framed by new double-glazed doors that open to an extended terrace with direct access to landscaped gardens and the condominium pool.
The modern kitchen is both refined and practical, featuring BOSCH appliances, a Bora induction hob, an American fridge and a wine fridge, with sliding in-wall doors that allow you to open or close the space when entertaining.
Comfort is year-round thanks to electric underfloor heating, split air conditioning, radiators and heated towel racks, while mosquito-screened windows, wood and ceramic flooring, fitted wardrobes and a discreet laundry cupboard keep everyday living streamlined.
The master suite includes an elegant en-suite and a private south-facing terrace, a second bedroom currently arranged as an office opens to its own north-facing terrace, and the versatile lower level offers a third en-suite bedroom with generous storage and direct internal access to a private single garage, complemented by exterior parking and outside storage.
Set in a central yet tranquil position within the Vila Sol Resort, the address places you moments from championship golf, wellness clubs and fine dining, with Vilamoura Marina, golden beaches and international schools a short drive away.
The combination of a recent renovation, garden-to-pool living, private condominium security and the enduring appeal of Vilamoura, underpins compelling investment credentials, from attractive rental potential to long-term capital appreciation in a market defined by limited supply and sustained international demand.
This is a once-in-a-lifetime opportunity to own a villa in one of the Algarve's most sought-after locations.
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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.