Architect Designed 3 bedroom Villa for sale in Santa Barbara de Nexe, Algarve

1,499,000 EUR 1,289,140 GBP 1,618,920 USD

Reference: 246450

Bedrooms: 3
Bathrooms: 2
Floor Size: 176 m2
Plot Size: 800 m2

Features

Roof Terrace
Garden
Private Pool
Panoramic View
Parking
Ultramodern Style
Good Condition

Details

Exceptional minimalistic house situated in the hilly hinterland of the Algarve region, near the picturesque village of Santa Barbara de Nexe.

This stunning 3 bedroom single storey architect designed villa comes with roof terrace, expansive pool and garden, enjoying far reaching countryside views from its elevated location.

Situated in a peaceful area north of Faro and just 20 minutes from Faro airport, surrounded by almond and olive trees, the unique architecture and decor of this property are the work of an internationally renowned architect, and is featured in several architecture and interior design magazines.

The concrete flooring, sharp, clean lines and a fresh approach to minimalist design, contrast magnificently with the earthy, rural environment.

The spacious and bright design with sophisticated decor give a warm and welcoming vibe, while the large windows offer uninterrupted views of the surrounding hills.

There are three large bedrooms, two bathrooms, fully fitted and equipped kitchen and living areas which merge seamlessly and can accommodate six people.

Electric central heating, big windows with metal sliding shutters giving an inside/outside feel.
There is an uninterrupted flow between the different rooms with large windows opening out to the surrounding garden. From the rooftop terrace, the various patios and the garden, you can enjoy the peaceful setting and endless views towards the hills and the sea. The gorgeous elongated pool, built into a concrete block, contrasts magnificently with its surroundings.

Santa Barbara de Nexe is a picturesque village with bars, restaurants, a supermarket, and a bakery with the beach 20 minutes away.

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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.