A gated community under construction in Sector 5 of Vilamoura, comprising 45 luxury apartments, aims to surpass the best developments in the Algarve and rank among the top projects of its kind in Portugal

Loulé, Faro, Portugal

For Sale

€2,500,000

REF: 716230 €2,500,000


3

3


147 m2

Description

A gated community under construction in Sector 5 of Vilamoura, comprising 45 luxury apartments, aims to surpass the best developments in the Algarve and rank among the top projects of its kind in Portugal. The project features a highly contemporary architecture, with generous glazed surfaces, floor-to-ceiling minimalist windows, and large balconies with dining and lounge areas.

The development consists of three blocks separated by lush gardens filled with vegetation, facing south and west, offering views of the lake, golf courses, and sea. The 147 sqm three-bedroom apartments located on the second floor (duplex penthouse) also feature excellent 70 sqm balconies in front of the living room and access to the rooftop.

The apartment has its own private terrace and a 9x4 swimming pool, a 154 sqm lounge terrace with a set of sofas, a dining area, a barbecue counter, a bar, and a space for sun loungers. This apartment includes three bedrooms with three en-suite bathrooms, an open-plan living room connected to the kitchen, a garage with space for three cars, and storage.

All apartments come with top-quality reference furniture, carefully chosen to suit the concept of a tourist development. The furniture features neutral and modern tones, appealing design, and superior quality. The development also includes a reception area to provide support services to the apartments.

Each owner has the option not to engage in tourist rentals. The exterior landscaping will be designed by Jardim Vista, an essential partner in numerous excellent projects in Quinta do Lago, where they have created true works of art. They will design the common green areas using carefully selected, exuberant varieties, aiming for their full enjoyment.

The community also offers a padel court, a small pitch & putt golf training area with bunkers on the sides, a petanque court, an indoor and outdoor gym, as well as a sauna and Turkish bath. FINISHES: Apartment flooring - Porcelanosa Bottega White L 120x120(a); Bathroom wall tiles - Porcelanosa; Sanitaryware - Porcelanosa; Freestanding bathtubs - Porcelanosa; Faucets - Black Porcelanosa Colección Square Preto de Encastre; Design bathroom countertops with integrated sinks in Corian; Wardrobes with linen-lined interiors and matte white lacquered doors; Interior doors - Pivot type with concealed locks, 2.60m in height, in matte white lacquered MDF; Kitchens by Mob, in white MDF with click-type Sensys hinges from Hettich.

The Sensys hinge represents the latest generation in hinge technology; MOB utilizes the "AvanTech YOU" drawer interior system from Hettich; Siemens appliances in ground floor and 1st-floor apartments; Miele appliances in 2nd-floor apartments (Penthouses); Minimalist windows; False ceilings; LED lighting, design and execution by OMH Light; Glass balcony railings; Infinity Pool-type swimming pools; Home automation; Electric underfloor heating; Built-in Daikin air conditioning; Solar panels for hot water heating; Fully decorated and furnished high-end interiors and exteriors; Modern design shading blades for the buildings; Video intercom system; Electric blackout blinds; USB chargers; Telecommunications cabling for cable TV. Television in all bedrooms and living rooms; Telephone in all bedrooms. Wireless internet. Delivery in summer 2024. Contact us for more information. #ref: 100602
A gated community under construction in Sector 5 of Vilamoura, comprising 45 luxury apartments, aims to surpass the best developments in the Algarve and rank among the top projects of its kind in Portugal. The project features a highly contemporary architecture, with generous glazed surfaces, floor-to-ceiling minimalist windows, and large balconies with dining and lounge areas.

The development consists of three blocks separated by lush gardens filled with vegetation, facing south and west, offering views of the lake, golf courses, and sea. The 147 sqm three-bedroom apartments located on the second floor (duplex penthouse) also feature excellent 70 sqm balconies in front of the living room and access to the rooftop.

The apartment has its own private terrace and a 9x4 swimming pool, a 154 sqm lounge terrace with a set of sofas, a dining area, a barbecue counter, a bar, and a space for sun loungers. This apartment includes three bedrooms with three en-suite bathrooms, an open-plan living room connected to the kitchen, a garage with space for three cars, and storage.

All apartments come with top-quality reference furniture, carefully chosen to suit the concept of a tourist development. The furniture features neutral and modern tones, appealing design, and superior quality. The development also includes a reception area to provide support services to the apartments.

Each owner has the option not to engage in tourist rentals. The exterior landscaping will be designed by Jardim Vista, an essential partner in numerous excellent projects in Quinta do Lago, where they have created true works of art. They will design the common green areas using carefully selected, exuberant varieties, aiming for their full enjoyment.

The community also offers a padel court, a small pitch & putt golf training area with bunkers on the sides, a petanque court, an indoor and outdoor gym, as well as a sauna and Turkish bath. FINISHES: Apartment flooring - Porcelanosa Bottega White L 120x120(a); Bathroom wall tiles - Porcelanosa; Sanitaryware - Porcelanosa; Freestanding bathtubs - Porcelanosa; Faucets - Black Porcelanosa Colección Square Preto de Encastre; Design bathroom countertops with integrated sinks in Corian; Wardrobes with linen-lined interiors and matte white lacquered doors; Interior doors - Pivot type with concealed locks, 2.60m in height, in matte white lacquered MDF; Kitchens by Mob, in white MDF with click-type Sensys hinges from Hettich.

The Sensys hinge represents the latest generation in hinge technology; MOB utilizes the "AvanTech YOU" drawer interior system from Hettich; Siemens appliances in ground floor and 1st-floor apartments; Miele appliances in 2nd-floor apartments (Penthouses); Minimalist windows; False ceilings; LED lighting, design and execution by OMH Light; Glass balcony railings; Infinity Pool-type swimming pools; Home automation; Electric underfloor heating; Built-in Daikin air conditioning; Solar panels for hot water heating; Fully decorated and furnished high-end interiors and exteriors; Modern design shading blades for the buildings; Video intercom system; Electric blackout blinds; USB chargers; Telecommunications cabling for cable TV. Television in all bedrooms and living rooms; Telephone in all bedrooms. Wireless internet. Delivery in summer 2024. Contact us for more information. #ref: 100602
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Property on Map

#100602

Currency Exchange

Loulé, Faro, Portugal

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 €2,500,000 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
€2,500,000 £2,126,725 £2,191,350 £64,625
Property Price € €2,500,000
Minimum cost in the last six months £2,126,725
Maximum cost in the last six months £2,191,350
Fluctuating exchange rates over the last six months could have increased the cost of this property by £64,625

Loulé, Faro, Portugal

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 €2,500,000 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
€2,500,000 £2,126,725 £2,191,350 £64,625
Property Price € €2,500,000
Minimum cost in the last six months £2,126,725
Maximum cost in the last six months £2,191,350
Fluctuating exchange rates over the last six months could have increased the cost of this property by £64,625

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 £64,625 more.

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