Sale | Estate | 3 Independent Houses | 835m2 | 72,520m2 of Land | Sea and Ria Formosa Views | Fuseta Privacy, comfort, and quality of life with the simplicity in the details of the Algarve countryside

Olhão, Faro, Portugal

For Sale

€5,000,000

REF: 818307 €5,000,000


15

12


72520 m2

Description

Sale | Estate | 3 Independent Houses | 835m2 | 72,520m2 of Land | Sea and Ria Formosa Views | Fuseta Privacy, comfort, and quality of life with the simplicity in the details of the Algarve countryside. Situated in the picturesque parish of Fuseta, this estate, with 7 hectares of land, offers breathtaking views of the coast, the vast expanse of the ocean, and the tranquil beauty of Ria Formosa.

It is a true paradise for those seeking natural beauty and serenity! The property consists of three distinct buildings, each with its unique charm: The main house, Casa Branca (White House), stands out as the highlight of this estate. This four-bedroom masterpiece was meticulously designed and built from scratch in 2022, inspired by traditional Algarvian architecture.

It perfectly combines modern touches with the timeless charm of Algarvian design, ensuring privacy, comfort, and sophistication. Inside, you'll find an office, a cinema/TV and sound room, a cozy living room with a fireplace opening into an open space, a fully equipped kitchen-bar with a corner barbecue/fireplace.

In the main body, there is also a suite with a bathroom extending to the outside, a wardrobe room, and a social WC. In the annex, there is a room with a support WC and fireplace, which can serve as a dining room, lounge, or double room, and three more suites, each with its 'açoteia' terrace. But the real highlight is its outdoor area and its various outdoor corners, and the large saltwater pool, surrounded by beach sand and a table grape vineyard, and a dining area with a barbecue, electric stove, refrigerator, etc.

There is also a masonry table for 12 people under a covered porch, where you can relax and enjoy sunbathing while appreciating panoramic views of Ria Formosa and the sea, having lunch or dinner outdoors. At the top of the garden, there are two other covered dining areas where you can dine to the sound of the garden tank fountains.

Casa Azul (Blue House) is another gem of the property. This old renovated house, with Algarvian charm, has its own pool and five bedrooms, each with an individual bathroom. It offers very cozy areas and enjoys a magnificent view of a new red and white wine vineyard, from which the estate receives 300 bottles per year under contract, with no expenses incurred.

The house is currently used for local accommodation and grossed 60,000 in 2023. Casa Amarela (Yellow House), of solid construction, is divided into two floors, each with 3 bedrooms. On the upper floor, the current owner houses a couple responsible for taking care of the property, and on the lower floor, which is free, accommodates surplus guests from the other houses.

This lower floor, with excellent remodeling possibilities, has a large terrace, already with space planned for a pool, and a renovated building that serves as a laundry and clothing treatment facility for the three houses. Common to the three houses or only for Casa Branca, there is a synthetic grass tennis court, requiring no maintenance.

In addition to these 3 houses, the 3 hectares of vineyard, and the surrounding green space, the property has another 4 hectares, outside the framework, with magnificent views of the sea and Ria, where there is authorization for construction of up to 400 m2 for housing or 2,000 m2 for a tourist project.

It has mains water and two private boreholes. It has planted a small pine forest with stone pine trees and has carob trees, fig trees, and olive trees. The central heating in Casa Branca is done through solar panels for water and the floor. Negotiations are currently underway with EDP for the installation of solar panels for energy supply to the grid.

The property also has a tennis court and two water wells, in addition to being supplied with water through the mains! Location: Algarve - South Portugal. The estate is only 25 minutes from Faro airport, 10 minutes from Olhão, and 15 minutes from Tavira. The fishing village of Fuseta is 5 minutes away, where you can enjoy its fish restaurants or take boats to the semi-deserted beaches in front. Energy Rating: A #ref:P_MI6123CA_LX
Sale | Estate | 3 Independent Houses | 835m2 | 72,520m2 of Land | Sea and Ria Formosa Views | Fuseta Privacy, comfort, and quality of life with the simplicity in the details of the Algarve countryside. Situated in the picturesque parish of Fuseta, this estate, with 7 hectares of land, offers breathtaking views of the coast, the vast expanse of the ocean, and the tranquil beauty of Ria Formosa.

It is a true paradise for those seeking natural beauty and serenity! The property consists of three distinct buildings, each with its unique charm: The main house, Casa Branca (White House), stands out as the highlight of this estate. This four-bedroom masterpiece was meticulously designed and built from scratch in 2022, inspired by traditional Algarvian architecture.

It perfectly combines modern touches with the timeless charm of Algarvian design, ensuring privacy, comfort, and sophistication. Inside, you'll find an office, a cinema/TV and sound room, a cozy living room with a fireplace opening into an open space, a fully equipped kitchen-bar with a corner barbecue/fireplace.

In the main body, there is also a suite with a bathroom extending to the outside, a wardrobe room, and a social WC. In the annex, there is a room with a support WC and fireplace, which can serve as a dining room, lounge, or double room, and three more suites, each with its 'açoteia' terrace. But the real highlight is its outdoor area and its various outdoor corners, and the large saltwater pool, surrounded by beach sand and a table grape vineyard, and a dining area with a barbecue, electric stove, refrigerator, etc.

There is also a masonry table for 12 people under a covered porch, where you can relax and enjoy sunbathing while appreciating panoramic views of Ria Formosa and the sea, having lunch or dinner outdoors. At the top of the garden, there are two other covered dining areas where you can dine to the sound of the garden tank fountains.

Casa Azul (Blue House) is another gem of the property. This old renovated house, with Algarvian charm, has its own pool and five bedrooms, each with an individual bathroom. It offers very cozy areas and enjoys a magnificent view of a new red and white wine vineyard, from which the estate receives 300 bottles per year under contract, with no expenses incurred.

The house is currently used for local accommodation and grossed 60,000 in 2023. Casa Amarela (Yellow House), of solid construction, is divided into two floors, each with 3 bedrooms. On the upper floor, the current owner houses a couple responsible for taking care of the property, and on the lower floor, which is free, accommodates surplus guests from the other houses.

This lower floor, with excellent remodeling possibilities, has a large terrace, already with space planned for a pool, and a renovated building that serves as a laundry and clothing treatment facility for the three houses. Common to the three houses or only for Casa Branca, there is a synthetic grass tennis court, requiring no maintenance.

In addition to these 3 houses, the 3 hectares of vineyard, and the surrounding green space, the property has another 4 hectares, outside the framework, with magnificent views of the sea and Ria, where there is authorization for construction of up to 400 m2 for housing or 2,000 m2 for a tourist project.

It has mains water and two private boreholes. It has planted a small pine forest with stone pine trees and has carob trees, fig trees, and olive trees. The central heating in Casa Branca is done through solar panels for water and the floor. Negotiations are currently underway with EDP for the installation of solar panels for energy supply to the grid.

The property also has a tennis court and two water wells, in addition to being supplied with water through the mains! Location: Algarve - South Portugal. The estate is only 25 minutes from Faro airport, 10 minutes from Olhão, and 15 minutes from Tavira. The fishing village of Fuseta is 5 minutes away, where you can enjoy its fish restaurants or take boats to the semi-deserted beaches in front. Energy Rating: A #ref:P_MI6123CA_LX
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Currency Exchange

Olhão, 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 €5,000,000 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
€5,000,000 £4,253,450 £4,382,450 £129,000
Property Price € €5,000,000
Minimum cost in the last six months £4,253,450
Maximum cost in the last six months £4,382,450
Fluctuating exchange rates over the last six months could have increased the cost of this property by £129,000

Olhão, 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 €5,000,000 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
€5,000,000 £4,253,450 £4,382,450 £129,000
Property Price € €5,000,000
Minimum cost in the last six months £4,253,450
Maximum cost in the last six months £4,382,450
Fluctuating exchange rates over the last six months could have increased the cost of this property by £129,000

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 £129,000 more.

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