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Exceptional ocean front property for sale in Praia da Luz ,Algarve walking distance to beach
Lagos, Portugal
REF: 598241
€6,500,000
Description
This exquisite property is situated in the captivating Western Algarve region, renowned for its breathtaking landscapes and proximity to the sea. Nestled on expansive and meticulously landscaped grounds, this front-line property offers a remarkable combination of beauty, privacy, and exceptional sea vistas. Recently refurbished to the highest standards, the house boasts a well-organized layout. As you enter the property, you're welcomed by a grand entrance hall that sets the tone for the elegance within. The living room, dining room, and fully equipped kitchen form the heart of the house, exuding a seamless blend of modern comfort and refined aesthetics. Adjacent to these spaces, there's a practical laundry room and a convenient garage, ensuring both functionality and ease of living. The residence is thoughtfully divided into two wings. In one wing, you'll find four bedrooms, two of which are en-suite, demonstrating an impeccable fusion of comfort and luxury. Each bedroom opens onto a magnificent terrace that seamlessly merges with the lush garden, creating an enchanting space where indoor and outdoor living harmonize. On the upper level of the house, a second reception room awaits, serving as an ideal family retreat. This room is designed to capture panoramic sea views and the captivating presence of the distinctive black rock formations. It's a space where one can unwind while being immersed in the beauty of the surroundings. The outdoor area is a true paradise, designed to offer an impeccable living experience. The generously-sized, heated 14x7 swimming pool beckons for relaxation and refreshment, surrounded by meticulously designed gardens. These gardens, adorned with traditional Portuguese "cal ada" paths, imbue the property with a timeless authenticity that adds to its unique charm. Positioned facing south and fully enclosed by fencing, the property boasts unobstructed and awe-inspiring views that stretch to the horizon. A mere 130 meters away lies the azure sea, allowing residents to enjoy a proximity to the water that's truly remarkable. In summary, this property isn't just a residence; it's an embodiment of privilege and distinction. Its stunning design, exceptional location, and thoughtful details have positioned it not only as one of the most remarkable properties in the Algarve and Portugal, but also as a truly exceptional gem within the European real estate landscape.
This exquisite property is situated in the captivating Western Algarve region, renowned for its breathtaking landscapes and proximity to the sea. Nestled on expansive and meticulously landscaped grounds, this front-line property offers a remarkable combination of beauty, privacy, and exceptional sea vistas. Recently refurbished to the highest standards, the house boasts a well-organized layout. As you enter the property, you're welcomed by a grand entrance hall that sets the tone for the elegance within. The living room, dining room, and fully equipped kitchen form the heart of the house, exuding a seamless blend of modern comfort and refined aesthetics. Adjacent to these spaces, there's a practical laundry room and a convenient garage, ensuring both functionality and ease of living. The residence is thoughtfully divided into two wings. In one wing, you'll find four bedrooms, two of which are en-suite, demonstrating an impeccable fusion of comfort and luxury. Each bedroom opens onto a magnificent terrace that seamlessly merges with the lush garden, creating an enchanting space where indoor and outdoor living harmonize. On the upper level of the house, a second reception room awaits, serving as an ideal family retreat. This room is designed to capture panoramic sea views and the captivating presence of the distinctive black rock formations. It's a space where one can unwind while being immersed in the beauty of the surroundings. The outdoor area is a true paradise, designed to offer an impeccable living experience. The generously-sized, heated 14x7 swimming pool beckons for relaxation and refreshment, surrounded by meticulously designed gardens. These gardens, adorned with traditional Portuguese "cal ada" paths, imbue the property with a timeless authenticity that adds to its unique charm. Positioned facing south and fully enclosed by fencing, the property boasts unobstructed and awe-inspiring views that stretch to the horizon. A mere 130 meters away lies the azure sea, allowing residents to enjoy a proximity to the water that's truly remarkable. In summary, this property isn't just a residence; it's an embodiment of privilege and distinction. Its stunning design, exceptional location, and thoughtful details have positioned it not only as one of the most remarkable properties in the Algarve and Portugal, but also as a truly exceptional gem within the European real estate landscape.
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Currency Exchange
Lagos, 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 €6,500,000 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 |
|---|---|---|---|
| €6,500,000 | £5,355,350 | £5,586,425 | £231,075 |
| Property Price € | €6,500,000 |
| Minimum cost in the last six months | £5,355,350 |
| Maximum cost in the last six months | £5,586,425 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £231,075 |
Lagos, 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 €6,500,000 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 |
|---|---|---|---|
| €6,500,000 | £5,355,350 | £5,586,425 | £231,075 |
| Property Price € | €6,500,000 |
| Minimum cost in the last six months | £5,355,350 |
| Maximum cost in the last six months | £5,586,425 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £231,075 |
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 £231,075 more.
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