6 bedroom Villa for sale with panoramic view with Income Potential in Estoi, Algarve
Settled beautifully on a picturesque hillside, this stunning property offers captivating coastal views that stretch to the horizon. The property harmoniously unites a meticulously restored traditional home with a contemporary extension, creating an idyllic sanctuary for families and vacationers alike. Its tranquil setting provides both seclusion and convenient access to the regions vibrant culture and breathtaking natural beauty.
The interior is designed with care, offering gene...
Settled beautifully on a picturesque hillside, this stunning property offers captivating coastal views that stretch to the horizon. The property harmoniously unites a meticulously restored traditional home with a contemporary extension, creating an idyllic sanctuary for families and vacationers alike. Its tranquil setting provides both seclusion and convenient access to the regions vibrant culture and breathtaking natural beauty.
The interior is designed with care, offering generous living spaces. The original wing features a charming living room connected to a partially open kitchen, which opens directly to the inviting pool area. This section includes a utility room, a comfortable double bedroom, and a tastefully designed family bathroom.
The modern addition enhances the home with a luxurious en-suite bedroom, a second living room with soaring ceilings, and a sleek kitchenette outfitted with premium Smeg appliances, leading to sunlit terraces perfect for relaxation.
Upstairs, the villa boasts two additional bedrooms, each with its bathroom. The master suite features a private terrace with mesmerizing views.
Adjacent to the main house, a delightful wooden cottage provides versatile accommodation for guests or staff. This unregistered annex includes an open-plan living area, kitchen, two bedrooms, and two bathrooms, offering a range of possibilities.
Modern amenities add to the villa's appeal, including partial air conditioning, underfloor heating, and two cosy log burners for cooler evenings.
A reliable borehole ensures a steady water supply, while a photovoltaic system supports electricity needs, and a septic tank manages waste.
This fully fenced property blends natural landscaping with mature trees, creating a serene and private environment. A secure automatic gate grants access to designated parking areas with ample space for multiple vehicles. Stone walls and stairways enhance the outdoor charm, offering defined zones. Additionally, a spacious storage shed adds practicality.
This property is an excellent choice for a permanent residence or an investment with high potential. Schedule a viewing today to experience the distinctive charm and elegance of this extraordinary home.
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This Villa is located in Estoi 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.