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Contemporary Luxury 3 Bedroom Villa with Sea Views in Praia da Luz
Lagos, Faro, Portugal, 8600-119
REF: 502021
€2,350,000
Description
Contemporary modern luxury villa with 3 bedrooms and swimming pool for sale in Praia da Luz, Algarve, Portugal. Investment property with sea views, walking distance from the beach. Construction project to be finished late 2023/early 2024. This modern-style villa is being built in a pristine location in Praia da Luz, walking distance from the beach. Sitting on the hill of Monte Lemos and being South facing, the villa offers great sea views.
Designed by award winning architect Mario Martins, this villa optimises views and takes into account local weather conditions.
The villa is spread over 2 floors. The living and dining area, together with the kitchen, guest bathroom and the master bedroom with en suite bathroom with Jacuzzi bath and walk-in dressing are located on the top floor to enjoy the breathtaking ocean views. On the ground floor you can find 2 more bedrooms with en suite bathroom and pool views. The basement houses a double garage with automatic entrance door and access to the villa. The 295 sqm villa sits on a 790 sqm plot with a landscaped garden and pool.
The entire front of the villa is made up of floor-to-ceiling sliding windows, that give access to the balcony on the first floor, or the garden with pool on the ground floor, to enhance natural light and highlight the Southern outdoor lifestyle.
The villa is luxuriously finished with quality double glazing, air conditioning, electric underfloor heating, a central vacuum system, integrated sound system, jacuzzi and swimming pool, electric shutters and alarm system.
Construction is aimed to finish by end of 2023/early 2024
Contemporary modern luxury villa with 3 bedrooms and swimming pool for sale in Praia da Luz, Algarve, Portugal. Investment property with sea views, walking distance from the beach. Construction project to be finished late 2023/early 2024. This modern-style villa is being built in a pristine location in Praia da Luz, walking distance from the beach. Sitting on the hill of Monte Lemos and being South facing, the villa offers great sea views.
Designed by award winning architect Mario Martins, this villa optimises views and takes into account local weather conditions.
The villa is spread over 2 floors. The living and dining area, together with the kitchen, guest bathroom and the master bedroom with en suite bathroom with Jacuzzi bath and walk-in dressing are located on the top floor to enjoy the breathtaking ocean views. On the ground floor you can find 2 more bedrooms with en suite bathroom and pool views. The basement houses a double garage with automatic entrance door and access to the villa. The 295 sqm villa sits on a 790 sqm plot with a landscaped garden and pool.
The entire front of the villa is made up of floor-to-ceiling sliding windows, that give access to the balcony on the first floor, or the garden with pool on the ground floor, to enhance natural light and highlight the Southern outdoor lifestyle.
The villa is luxuriously finished with quality double glazing, air conditioning, electric underfloor heating, a central vacuum system, integrated sound system, jacuzzi and swimming pool, electric shutters and alarm system.
Construction is aimed to finish by end of 2023/early 2024
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Currency Exchange
Lagos, Faro, Portugal, 8600-119
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,350,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €2,350,000 | £1,999,122 | £2,059,752 | £60,630 |
| Property Price € | €2,350,000 |
| Minimum cost in the last six months | £1,999,122 |
| Maximum cost in the last six months | £2,059,752 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £60,630 |
Lagos, Faro, Portugal, 8600-119
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,350,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €2,350,000 | £1,999,122 | £2,059,752 | £60,630 |
| Property Price € | €2,350,000 |
| Minimum cost in the last six months | £1,999,122 |
| Maximum cost in the last six months | £2,059,752 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £60,630 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £60,630 more.
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