For sale plot of land near the beach at Palmares Beach & Golf Resort

Meia Praia, Faro, Portugal

For Sale

€1,170,000

REF: 126621 €1,170,000


3874 m2

Description

Magnificent plot with views to the sea and the Ria de Alvor, located in the prestigious Palmares Beach & Golf Resort development in Lagos, with 2.687sqm and possibility to build a 3 bedroom villa with 340sqm (excluding terraces, balconies, garage or storage room). Palmares Beach & Golf Resort is a development inspired by the philosophy of good living, within an integrated resort of golf, luxury tourism and residential properties supported by 5-star hotel services in an exclusive location.

Bordering the estuary of 'Ria de Alvor' and the end of 'Meia Praia' beach, Palmares Resort offers one of the last opportunities in Portugal to build property at a resort within walking distance to the beach. By its location and natural environment, the resort provides an experience of dynamic views. The natural shape of the land is that of an amphitheatre, descending from 70m to sea level, from where you enjoy 180-degree panoramic views.

These views take in the estuary, the ocean and the bay of Lagos, in front of which is set the magnificent 27-holes golf course designed by Robert Trent Jones II, the renowned American golf architect. The water and sky create stunning shades of blue and green which change according to the tides of the estuary.

Boats, kite-surfers and an immense variety of birds complement this celebration of nature. The planning, construction and operating principles of Palmares are in harmony with the overriding principle of environmental sustainability. Of the total 191 hectares (471 acres) that comprise Palmares Beach & Golf Resort, the density of construction is no more than 5.7 percent.

Likewise, the landscape architecture guidelines are focused on preserving the natural environment and safeguarding the unique views. 'Alameda Palmares' and 'Via Panormica' are the prime locations where the first villas on the resort are being built. The plots benefit from multiple views in different directions; eastwards to 'Ria de Alvor' and west to Lagos bay, and some are golf frontline plots.

The land's typography the shape is that of a large natural amphitheatre descending towards the ocean - is the main element which creates the spectacular views. The masterplan for the resort was made carefully, considering the area's natural beauty: total construction density is just 5.7%; neighbouring plots are positioned to protect ocean views; strict height limits on all plots: 81% of buildings have just 2 floors, while the remaining 19% have 3 floors; strict construction parameters to protect the sea views.

Palmares has developed a blue print where clients can choose from different pre-agreed architecture styles. This means that the Resort coordinates the architectural elements and ensures the right balance between individualism and uniformity. This approach helps to preserve and increase the value of the resort.

Our architects have different ideas, but they all share our vision for the resort. The teams involved will develop your project reflecting your own preferences, within the resort specifications. Property features: Average plot size 3,430sqm (36.920ft2); detached villas; construction areas from 340sqm to 500sqm (3.660ft2 to 5.380ft2) - not including terraces, balconies, garage or storage rooms; 1,2 or 3 floors plus basement; Design styles: V3 (3-bedrooms), V4 (4-bedrooms) and V5 (5-bedrooms); large outdoor areas for garden and pool.
Magnificent plot with views to the sea and the Ria de Alvor, located in the prestigious Palmares Beach & Golf Resort development in Lagos, with 2.687sqm and possibility to build a 3 bedroom villa with 340sqm (excluding terraces, balconies, garage or storage room). Palmares Beach & Golf Resort is a development inspired by the philosophy of good living, within an integrated resort of golf, luxury tourism and residential properties supported by 5-star hotel services in an exclusive location.

Bordering the estuary of 'Ria de Alvor' and the end of 'Meia Praia' beach, Palmares Resort offers one of the last opportunities in Portugal to build property at a resort within walking distance to the beach. By its location and natural environment, the resort provides an experience of dynamic views. The natural shape of the land is that of an amphitheatre, descending from 70m to sea level, from where you enjoy 180-degree panoramic views.

These views take in the estuary, the ocean and the bay of Lagos, in front of which is set the magnificent 27-holes golf course designed by Robert Trent Jones II, the renowned American golf architect. The water and sky create stunning shades of blue and green which change according to the tides of the estuary.

Boats, kite-surfers and an immense variety of birds complement this celebration of nature. The planning, construction and operating principles of Palmares are in harmony with the overriding principle of environmental sustainability. Of the total 191 hectares (471 acres) that comprise Palmares Beach & Golf Resort, the density of construction is no more than 5.7 percent.

Likewise, the landscape architecture guidelines are focused on preserving the natural environment and safeguarding the unique views. 'Alameda Palmares' and 'Via Panormica' are the prime locations where the first villas on the resort are being built. The plots benefit from multiple views in different directions; eastwards to 'Ria de Alvor' and west to Lagos bay, and some are golf frontline plots.

The land's typography the shape is that of a large natural amphitheatre descending towards the ocean - is the main element which creates the spectacular views. The masterplan for the resort was made carefully, considering the area's natural beauty: total construction density is just 5.7%; neighbouring plots are positioned to protect ocean views; strict height limits on all plots: 81% of buildings have just 2 floors, while the remaining 19% have 3 floors; strict construction parameters to protect the sea views.

Palmares has developed a blue print where clients can choose from different pre-agreed architecture styles. This means that the Resort coordinates the architectural elements and ensures the right balance between individualism and uniformity. This approach helps to preserve and increase the value of the resort.

Our architects have different ideas, but they all share our vision for the resort. The teams involved will develop your project reflecting your own preferences, within the resort specifications. Property features: Average plot size 3,430sqm (36.920ft2); detached villas; construction areas from 340sqm to 500sqm (3.660ft2 to 5.380ft2) - not including terraces, balconies, garage or storage rooms; 1,2 or 3 floors plus basement; Design styles: V3 (3-bedrooms), V4 (4-bedrooms) and V5 (5-bedrooms); large outdoor areas for garden and pool.
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Currency Exchange

Meia Praia, 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 €1,170,000 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
€1,170,000 £982,004 £1,009,195 £27,191
Property Price € €1,170,000
Minimum cost in the last six months £982,004
Maximum cost in the last six months £1,009,195
Fluctuating exchange rates over the last six months could have increased the cost of this property by £27,191

Meia Praia, 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 €1,170,000 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
€1,170,000 £982,004 £1,009,195 £27,191
Property Price € €1,170,000
Minimum cost in the last six months £982,004
Maximum cost in the last six months £1,009,195
Fluctuating exchange rates over the last six months could have increased the cost of this property by £27,191

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 £27,191 more.

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