2 Bedroom apartment on a luxury beach resort

Castro Marim, Faro, Portugal

For Sale

€1,025,000

REF: 963039 €1,025,000


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Description

Following the successful sales of the first phases, we are excited to announce the commercialization of phases 4 and 5, with construction expected to begin in the first quarter of 2025 and delivery of the units scheduled for spring 2027. This new phase represents an exclusive opportunity to acquire a luxury residence in one of the most prestigious destinations in the Algarve, where sophistication merges with the serenity of nature and the privilege of a unique location by the sea.

The new units have been designed to offer an unparalleled living experience, combining spacious interiors, top-quality finishes, and a unique natural environment. This phase introduces the T4 typology, available exclusively in this stage of the project, in addition to T1, T2, and T3 apartments, all strategically positioned to maximize panoramic ocean views.

With private terraces of up to 100m , each unit has been carefully designed to harmoniously integrate indoor and outdoor living, allowing residents to fully embrace the surrounding landscape. This will be the last opportunity to secure a residence with these features, making each unit truly unique. The resort is distinguished by its seamless connection to nature and the sea.

One of its most outstanding features is the direct pedestrian access to the beach via wooden walkways, offering residents a peaceful and exclusive route to the golden sands and the Atlantic Ocean. Enhancing this luxurious experience, the Beach Club provides a sophisticated seaside setting, where guests can enjoy exquisite cuisine, cocktails, and premium service.

For sports and wellness enthusiasts, the resort s sports center offers top-tier facilities, including three outdoor swimming pools, tennis, padel, football, basketball, and volleyball courts, a BMX track, as well as a fully equipped gym. Additionally, an indoor swimming pool and a wellness center will be available soon.

Prices vary depending on the typology and location, with T1 apartments starting at 715,000, T2 between 825,000 and 1,180,000, T3 between 1,220,000 and 1,940,000, and T4 between 1,785,000 and 2,220,000. All materials and finishes have been carefully selected to ensure absolute comfort and a sophisticated contemporary design.

Fully equipped kitchens, efficient climate control, and high-performance acoustic and thermal insulation provide a refined and convenient lifestyle. The resort is designed for those who value exclusivity, excellence, and impeccable service, with 24-hour security and concierge services. Beyond being a beachfront retreat, the resort also offers a highly attractive investment opportunity.

The rental management program ensures a favorable revenue distribution, with 75% allocated to the property owner and professional management that maximizes profitability with no hassle. The purchasing process has been structured to provide complete security and flexibility. Reserving a unit requires a deposit of 25,000, followed by a 25% payment upon signing the promissory purchase and sale agreement. During construction, 35% is paid, with the final 40% due upon deed completion.
Following the successful sales of the first phases, we are excited to announce the commercialization of phases 4 and 5, with construction expected to begin in the first quarter of 2025 and delivery of the units scheduled for spring 2027. This new phase represents an exclusive opportunity to acquire a luxury residence in one of the most prestigious destinations in the Algarve, where sophistication merges with the serenity of nature and the privilege of a unique location by the sea.

The new units have been designed to offer an unparalleled living experience, combining spacious interiors, top-quality finishes, and a unique natural environment. This phase introduces the T4 typology, available exclusively in this stage of the project, in addition to T1, T2, and T3 apartments, all strategically positioned to maximize panoramic ocean views.

With private terraces of up to 100m , each unit has been carefully designed to harmoniously integrate indoor and outdoor living, allowing residents to fully embrace the surrounding landscape. This will be the last opportunity to secure a residence with these features, making each unit truly unique. The resort is distinguished by its seamless connection to nature and the sea.

One of its most outstanding features is the direct pedestrian access to the beach via wooden walkways, offering residents a peaceful and exclusive route to the golden sands and the Atlantic Ocean. Enhancing this luxurious experience, the Beach Club provides a sophisticated seaside setting, where guests can enjoy exquisite cuisine, cocktails, and premium service.

For sports and wellness enthusiasts, the resort s sports center offers top-tier facilities, including three outdoor swimming pools, tennis, padel, football, basketball, and volleyball courts, a BMX track, as well as a fully equipped gym. Additionally, an indoor swimming pool and a wellness center will be available soon.

Prices vary depending on the typology and location, with T1 apartments starting at 715,000, T2 between 825,000 and 1,180,000, T3 between 1,220,000 and 1,940,000, and T4 between 1,785,000 and 2,220,000. All materials and finishes have been carefully selected to ensure absolute comfort and a sophisticated contemporary design.

Fully equipped kitchens, efficient climate control, and high-performance acoustic and thermal insulation provide a refined and convenient lifestyle. The resort is designed for those who value exclusivity, excellence, and impeccable service, with 24-hour security and concierge services. Beyond being a beachfront retreat, the resort also offers a highly attractive investment opportunity.

The rental management program ensures a favorable revenue distribution, with 75% allocated to the property owner and professional management that maximizes profitability with no hassle. The purchasing process has been structured to provide complete security and flexibility. Reserving a unit requires a deposit of 25,000, followed by a 25% payment upon signing the promissory purchase and sale agreement. During construction, 35% is paid, with the final 40% due upon deed completion.
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Currency Exchange

Castro Marim, 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 €1,025,000 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
€1,025,000 £844,498 £889,792 £45,295
Property Price € €1,025,000
Minimum cost in the last six months £844,498
Maximum cost in the last six months £889,792
Fluctuating exchange rates over the last six months could have increased the cost of this property by £45,295

Castro Marim, 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 €1,025,000 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
€1,025,000 £844,498 £889,792 £45,295
Property Price € €1,025,000
Minimum cost in the last six months £844,498
Maximum cost in the last six months £889,792
Fluctuating exchange rates over the last six months could have increased the cost of this property by £45,295

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 £45,295 more.

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