New Build 3 bedroom Villa for sale in Mexilhoeira Grande, Algarve

765,000 EUR 657,900 GBP 826,200 USD

Reference: 245082

Bedrooms: 3
Bathrooms: 2
Floor Size: 298 m2

Features

Balcony
Garden
Communal Pool
Golf Resort or Nearby
Walk to Beach
Walk to Amenities
Good Condition
New Build or Off Plan

Details

A spacious and highly desirable 3 bedroom villa located in a four star luxury resort in Portimao in the Algarve.

With generous living space of almost 300m2, this stylish modern property is superbly situated with some of the finest golf courses and beaches in the Algarve within walking distance, and Faro International Airport just an hour away.

The first floor features a spacious living room, a fully equipped kitchen with top-of-the-line appliances, both with direct access to a private terrace with the option of adding a Jacuzzi, and a bathroom.
Two bedrooms with large windows providing ample natural light and direct access to the balcony, as well as another bathroom, are located on the second floor.

Outside this property, there is a garage that can accommodate two vehicles.

The residence comes with many desirable features including a 24-hour front desk, leisure services, a playground for children, a laundry service, and a swimming pool area.

Energy efficiency: B

Luxury Resort
Three bedrooms
Fully equipped kitchen
Terrace
Balcony
Swimming pool
Garage with capacity up to two cars
Air conditioning
Reception 24h

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Portugal Property Buying Guide

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.