Wow factor 7 bedroom Villa for sale with countryside view in Mexilhoeira Grande, Algarve
This truly captivating property situated in the municipality of Portimao, Algarve offers total privacy and tranquillity. With 35,200 m2 of land, this stunning oasis is surrounded by diverse trees, lush, landscaped gardens, several outbuildings, a swimming pool, a tennis court, a cinema room, a gym and a spa.
Upon entering the property, the inviting entrance hall leads directly into a spacious living room with high ceilings, a fireplace, plenty of natural light and access to ...
This truly captivating property situated in the municipality of Portimao, Algarve offers total privacy and tranquillity. With 35,200 m2 of land, this stunning oasis is surrounded by diverse trees, lush, landscaped gardens, several outbuildings, a swimming pool, a tennis court, a cinema room, a gym and a spa.
Upon entering the property, the inviting entrance hall leads directly into a spacious living room with high ceilings, a fireplace, plenty of natural light and access to the gardens that surround the house. It also has a mezzanine with a pool table and living room area.
The fully equipped kitchen connects harmoniously to a cosy dining area, and to the right of the entrance is a large cinema room with soundproofed walls and a second fireplace. A corridor from the living room leads to a full bathroom and three bedrooms, the master bedroom of which has an en-suite bathroom, high ceilings, direct access to a private garden and a loft with ample storage space.
The grounds of the property contain several annexes independent of the main villa. The first annex has its own living area, kitchenette and bathroom. The second annex offers an open-plan living and dining area, with an equipped kitchen, two bedrooms and a bathroom. There is also an attached laundry room, as well as several additional multifunctional outbuildings throughout the property.
The property's well-kept exterior offers a generously sized swimming pool with a large adjacent covered terrace offering numerous leisure areas, a bar and barbecue area, a fully equipped gym, a tennis court for a few hours of physical activity, and, for late afternoon relaxation, there is a spa room, equipped with a sauna, ice soaking tub and shower.
This extensive property also has an orchard, a large agricultural greenhouse, a palm tree nursery and a well with a fully automated irrigation system.
The entire house has air conditioning and solar panels for hot water, as well as photovoltaic panels with battery storage, making it extremely energy efficient.
Surrounded by nature and just 15 minutes from several of the Algarve's most stunning beaches, this house perfectly combines privacy, sophistication, functionality and elegance.
Perfect for a family residence, vacation home or as a business investment opportunity to create a retreat or themed local accommodation.
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This Villa is located in Mexilhoeira Grande 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.