Immaculate 3 bedroom Villa for sale with panoramic view in Mexilhoeira Grande, Algarve
This modern and bright property with garage, outdoor spaces and views over the mountains, the river and the natural surroundings, has been designed to provide comfort, privacy and quality of life.
This contemporary villa benefits from a privileged location between Lagos and Portimao, in a quiet and residential area, close to the Penina Golf Course. Its location allows you to enjoy the tranquility of the Algarve, maintaining excellent proximity to beaches, services, shops, restaurants and the main road accesses.
Implanted in a p...
This modern and bright property with garage, outdoor spaces and views over the mountains, the river and the natural surroundings, has been designed to provide comfort, privacy and quality of life.
This contemporary villa benefits from a privileged location between Lagos and Portimao, in a quiet and residential area, close to the Penina Golf Course. Its location allows you to enjoy the tranquility of the Algarve, maintaining excellent proximity to beaches, services, shops, restaurants and the main road accesses.
Implanted in a plot of 292 m2, the property has 220 m2 of construction area and 193 m2 of private gross area, spread over two floors. Recently built and ready to move in, it stands out for its contemporary architecture, the functionality of the spaces and the excellent sun exposure to the south.
On the entrance floor, corresponding to the ground floor in the front area and the first floor in the back, due to the natural configuration of the land, there is an entrance hall with direct access to the garage, a guest bathroom, a large living room with fireplace and a fully equipped kitchen.
The social area was designed to create a harmonious connection between the interior and the exterior. The living room gives access to a generous balcony, where the panoramic views over the mountains, the river and the pool provide a perfect environment to relax and enjoy the Algarve landscape.
Outside, the villa has a swimming pool and a barbecue area, creating an ideal space for outdoor dining, socialising with family and friends, and leisure time throughout the year.
The south orientation ensures an excellent entry of natural light for much of the day, enhancing the interiors and making the outdoor areas particularly pleasant.
The combination of contemporary architecture, generous areas, swimming pool, garage, panoramic views and strategic location makes this 3+1 bedroom villa an excellent opportunity for permanent residence, holiday home or real estate investment in the Algarve.
The proximity to Lagos, Portimao, the Penina Golf Course and the beaches of the region adds even greater value to this property, making it an attractive option for those looking for a modern and quality villa in one of the most sought-after areas of the Algarve.
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This Villa is located in Mexilhoeira Grande 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.