Waterfront 5 bedroom Villa for sale with sea view in Praia da Luz, Algarve
Praia da Luz.
The pool juts out over the Atlantic Ocean, with the horizon and garden merging into an idyllic setting with superb views of the coast.
A unique, exclusive property, full of light and spacious areas, in an enviable location that is rare to find in the Algarve. With its classic architecture by the renowned architect Mario Martins, this property was designed to make the most of natural light, panoramic views, and the full experience of indoor and ou...
Praia da Luz.
The pool juts out over the Atlantic Ocean, with the horizon and garden merging into an idyllic setting with superb views of the coast.
A unique, exclusive property, full of light and spacious areas, in an enviable location that is rare to find in the Algarve. With its classic architecture by the renowned architect Mario Martins, this property was designed to make the most of natural light, panoramic views, and the full experience of indoor and outdoor spaces.
It combines design, comfort and privacy in one of the most desirable locations in the Algarve. Set in a quiet and established neighbourhood of luxury properties, the villa benefits from privileged sun exposure, with sweeping glazing providing a direct relationship between the interior and exterior, leading to the fantastic and panoramic terrace facing the ocean.
There are generous areas in every room, with open-plan living areas, a fully equipped modern kitchen, spacious bedrooms with private bathrooms, and a gym and games room. Between luxury, privacy and elegance, this magnificent villa offers the perfect setting for socialising and relaxing.
It showcases superior materials and finishes, with a thoughtful selection of coverings, lighting, and integrated air conditioning and heating solutions that provide year around comfort.
Functional details also stand out, such as well-distributed storage including accessible loft space, a wine cellar, and a laundry room, a closed double garage and carport for two cars, and an en-suite annex, that adds to the property's versatility.
Features include underfloor heating, air conditioning, heat pumps for the house and pool, thermal solar panels with batteries for energy independence.
Outside, the large terrace and leisure area is designed for elegant gatherings, with lounging areas, outdoor dining and a smaller pool, which the infinity pool feeds, providing a relaxing environment.
This amazing property is a rare opportunity to acquire a unique and exclusive oceanfront property in Praia da Luz, ideal as a permanent residence, vacation home or premium investment in one of the Algarve's most solid and sought-after residential markets.
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This Villa is located in Praia da Luz 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.