Bright 4 bedroom Villa for sale with sea view and panoramic view views in Monchique, Algarve

995,000 EUR 855,700 GBP 1,074,600 USD

Reference: 244670

Bedrooms: 4
Bathrooms: 5
Floor Size: 342 m2

Features

Private Pool
Golf Resort or Nearby
Sea View
Panoramic View
Parking
Contemporary Style
New Build or Off Plan

Details

Fantastically located 4 bedroom villa, which is situated in a dominant position on the verdant mountain of Monchique with unparalleled views over the beautiful mountain and sweeping expansive views of the sea in the distance.

Located in the Montinho area of Monchique this new and luxurious villa has been built using only quality materials throughout, with luxurious heated floors and a lovely modern feature fireplace being only a few of the many features this villa has to offer.

The large living room area of this sumptuous villa gives you more than enough space to really be able to relax and enjoy a dream home, the views from the large picture windows are truly stunning, and the open plan design allows a seamless flow into the dining area and large spacious fully fitted kitchen with top end appliances and it's lovingly crafted silstone work-tops, the living room, dining area and kitchen all have access to the terrace and covered area outside and a few steps lead down to the amazing infinity swimming pool.

Down a feature staircase, there are 4 large bedrooms, all of which are en-suite and have a feeling of peaceful harmony and true tranquillity.

Located in the area of Monchique, with numerous cafes, bars, restaurants, supermarkets and local shops, half an hours drive to the coast and the beautiful beaches of the Algarve.

There are also a number of Europe's best golf courses, some of the best surfing and water-sports and in Portugal, the city of Portimao for example was recently voted the European city of sport.

If relaxation and chilling out is what is required, the Algarve is certainly the place to be visit the many cities and charming towns along the coast and you will be enchanted by the Algarvian way of life.

Transport links in the Algarve are first class with Motorways linking the major cities, a good rail and bus network and the Faro's International airport less than an hours drive away.

CHARACTERISTICS:
Plot Area: 2,000m2 | 21,528 sq ft
Building Area: 342m2 | 3,681 sq ft
Bedrooms: 4
Bathrooms: 5
Energy efficiency: B

FEATURES:
New construction
4 bedrooms
Equipped kitchen
Fireplace
Heated floor
Infinity swimming pool

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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.