Bright 4 bedroom Villa for sale with panoramic view in Ferragudo, Algarve

2,600,000 EUR 2,236,000 GBP 2,808,000 USD

Reference: 245382

Bedrooms: 4
Bathrooms: 4
Floor Size: 542 m2

Features

Terrace
Roof Terrace
Private Pool
Golf Resort or Nearby
Air Conditioning
Elevator
Panoramic View
Parking
Garage
Ultramodern Style
Good Condition
New Build or Off Plan

Details

Magnificent 4 bedroom villa with a private swimming pool, located in a quiet setting in Ferragudo.

This stunning four bedroom property integrates seamlessly into it's surrounding environment and boasts a sleek modern architectural style, it's great use of natural light and maximisation of space, gives great dimension to the home.

The open plan design of the living room and fully equipped kitchen can be found on the first floor, along with a secondary chef's kitchen and a guest bathroom. The sliding glass doors offer a smooth and effortless transition from indoor to outdoor, turning the gardens and terraces into a natural extension of the home. From here, access to the expansive roof terrace offers spectacular 360 degree views over the sea, countryside, Monchique mountains and Algarve's most jaw dropping beaches, great for sunshine during the day and star gazing at night.

Each of the 4 spacious bedrooms have en-suite bathrooms and direct access to well maintained gardens, a heated pool and barbecue area, as well as outdoor dining space, perfect for entertaining.

CHARACTERISTICS:
Plot Area: 1,479m2 | 15,920 sq ft
Building Area: 542 m2 | 5,832 sq ft
Bathrooms: 4
Garage: 8
Energy efficiency: A

FEATURES:
Fully equipped kitchen. 4 en-suite bedrooms. Lift. Terrace with 360 degree views. Swimming pool. Barbecue. Garage with capacity up to 8 cars. Air conditioning. Underfloor heating. Near golf courses.

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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.