Wow factor 8 bedroom Villa for sale in Pinhal Velho, Vilamoura, Algarve
1.75 acres of beautiful landscaped gardens with expansive pool, while enjoying panoramic views from its sought after location in one of Vilamoura's most prestigious areas - Pinhal Velho.
Situated in the Algarve's Golden Triangle - this superb property stands out for its balanced combination of comfort, discretion and build quality.
The first floor is marked by a large, bright room, with living and dining areas in harmony with the exterior surroundings.
The modern, fully-equipped kitchen is open-plan and extends to the outdoor area, creating a fluid connection between the spaces. This floor a...
1.75 acres of beautiful landscaped gardens with expansive pool, while enjoying panoramic views from its sought after location in one of Vilamoura's most prestigious areas - Pinhal Velho.
Situated in the Algarve's Golden Triangle - this superb property stands out for its balanced combination of comfort, discretion and build quality.
The first floor is marked by a large, bright room, with living and dining areas in harmony with the exterior surroundings.
The modern, fully-equipped kitchen is open-plan and extends to the outdoor area, creating a fluid connection between the spaces. This floor also includes three suites and a laundry room.
On the second floor, the master suite stands out for its comfort and privacy, with a walk-in wardrobe, generous bathroom and terrace overlooking the garden. Two other suites, both with private terraces, complete this area.
In the basement there are several additional features: a games room, bar, wine cellar, gym with Turkish bath, two suites, a large storage area and a garage with capacity for several vehicles.
With its contemporary architecture and clean lines, it was built with quality materials and attention to detail. It has central air conditioning, solar panels for water heating and a central vacuum system.
Surrounded by an extensive, mature and well-kept garden, the property offers several outdoor areas designed for peaceful enjoyment: a swimming pool, outdoor dining area, barbecue area, children's playground and garden nooks ideal for relaxing or socialising. Set in a calm and private environment, this house combines functionality with elegance.
It is located a short distance from Vilamoura Marina, the beaches of the Golden Triangle, leading golf courses and the International College of Vilamoura.
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This Villa is located in Vilamoura 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.