Fantastic and spacious 4-bedroom villa with panoramic views over the historic city of Faro and the Ria Formosa in the luxury development of Ria Terraces in Montenegro, Faro, Algarve

Faro, Portugal

For Sale

€950,000

REF: 547800 €950,000


4

4


2022

Description

Fantastic and spacious 4-bedroom villa with panoramic views over the historic city of Faro and the Ria Formosa in the luxury development of Ria Terraces in Montenegro, Faro, Algarve. This three-storey property offers a perfect combination of luxury, comfort and sustainability. The ground floor is characterized by a large social area, with a modern kitchen equipped with high-quality finishes and an open-plan living and dining room.

Also on this floor is a bathroom and an office. The second floor is dedicated to privacy, with three en suite bedrooms. The basement offers a variety of uses, such as a sauna, gym, wine cellar, cinema room and more. The exterior of the villa is a real invitation to relax, with a lovely garden, private pool, barbecue area and outdoor dining areas, ideal for enjoying beautiful evenings.

Set in a residential expansion area, RIA TERRACES is made up of 33 townhouses. It has excellent access to a wide range of amenities, including transport, shops, restaurants and, of course, the region's award-winning beaches. The aim of the development is not only to create a residential area of excellence, but also to develop a dynamic and sustainable community that integrates perfectly into the surrounding natural wealth, helping to expand Faro's residential offer in the Montenegro area.

Whether it's for your own home or as an investment, RIA TERRACES is the perfect option for those who value quality of life, comfort and proximity to some of the best leisure spots in the Algarve. CHARACTERISTICS:Plot Area: 201 m2 | 2 164 sq ftArea: 207 m2 | 2 228 sq ftUseful area: 207 m2 | 2 228 sq ftBuilding Area: 389 m2 | 4 187 sq ftBedrooms: 4Bathrooms: 4Garage: 2Energy efficiency: A+FEATURES:4 bedroom villa Panoramic view Three floors Comfort 3 suites Private garden Private pool Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
Fantastic and spacious 4-bedroom villa with panoramic views over the historic city of Faro and the Ria Formosa in the luxury development of Ria Terraces in Montenegro, Faro, Algarve. This three-storey property offers a perfect combination of luxury, comfort and sustainability. The ground floor is characterized by a large social area, with a modern kitchen equipped with high-quality finishes and an open-plan living and dining room.

Also on this floor is a bathroom and an office. The second floor is dedicated to privacy, with three en suite bedrooms. The basement offers a variety of uses, such as a sauna, gym, wine cellar, cinema room and more. The exterior of the villa is a real invitation to relax, with a lovely garden, private pool, barbecue area and outdoor dining areas, ideal for enjoying beautiful evenings.

Set in a residential expansion area, RIA TERRACES is made up of 33 townhouses. It has excellent access to a wide range of amenities, including transport, shops, restaurants and, of course, the region's award-winning beaches. The aim of the development is not only to create a residential area of excellence, but also to develop a dynamic and sustainable community that integrates perfectly into the surrounding natural wealth, helping to expand Faro's residential offer in the Montenegro area.

Whether it's for your own home or as an investment, RIA TERRACES is the perfect option for those who value quality of life, comfort and proximity to some of the best leisure spots in the Algarve. CHARACTERISTICS:Plot Area: 201 m2 | 2 164 sq ftArea: 207 m2 | 2 228 sq ftUseful area: 207 m2 | 2 228 sq ftBuilding Area: 389 m2 | 4 187 sq ftBedrooms: 4Bathrooms: 4Garage: 2Energy efficiency: A+FEATURES:4 bedroom villa Panoramic view Three floors Comfort 3 suites Private garden Private pool Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Property on Map

#1LS01749-5

Currency Exchange

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 €950,000 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
€950,000 £786,895 £816,478 £29,583
Property Price € €950,000
Minimum cost in the last six months £786,895
Maximum cost in the last six months £816,478
Fluctuating exchange rates over the last six months could have increased the cost of this property by £29,583

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 €950,000 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
€950,000 £786,895 £816,478 £29,583
Property Price € €950,000
Minimum cost in the last six months £786,895
Maximum cost in the last six months £816,478
Fluctuating exchange rates over the last six months could have increased the cost of this property by £29,583

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 £29,583 more.

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