Unique luxury residence for sale Silves, Algarve

Silves, Portugal

For Sale

€2,200,000

REF: 711451 €2,200,000


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Description

Welcome to this exceptional city villa located in the historic center of Silves. This one-of-a-kind property was originally a boutique hotel but has been converted into a spacious and unique residence. Offering a blend of contemporary design and historical charm, this villa promises a luxurious living experience.

Upon entering the property, you will find a large garage on the ground floor, providing ample space for parking. Additionally, there is an open area that can be used as an office or atelier, allowing you to pursue your professional or creative endeavors from the comfort of your home. Adjacent to this space is a generously proportioned guest studio apartment featuring a large living room, a bathroom, and a bedroom, ensuring utmost comfort and privacy for your guests.

An elevator will facilitate circulation between the various floors of the building.(Ground floor: 217.38 m2) As you ascend to the first floor, you will be greeted by the main entertaining area, which boasts an expansive open-plan layout combining the kitchen, living room, and various seating areas. This beautifully designed space is perfect for hosting gatherings and socializing with friends and family.

Additionally, there is ample storage space available, allowing you to keep your belongings organized, and a convenient guest WC for added convenience. The building is expected to have floor heating or an insulated flooring with an air flow heat cool system. (1st Floor: 316.46 m2) Continuing to the second floor, you will discover four spacious ensuite bedrooms, each thoughtfully designed to provide comfort and tranquility.

Among these bedrooms, the master suite stands out with just under 25m2 of space and an adjoining bathroom measuring approximately 11m2. This luxurious retreat offers a serene atmosphere and a private sanctuary within the villa. (2nd Floor: 213.38 m2) However, the true highlight of this city villa awaits you on the rooftop.

Here, you will find a private pool,this rooftop oasis offers breathtaking panoramic views of the surroundings. Whether you seek relaxation, sunbathing, or al fresco dining, this terrace provides the perfect setting. Furthermore, the rooftop area features an outdoor kitchen, ideal for preparing delicious meals, a laundry area for added convenience, and a guest WC.

( Roof terrace covered area: 55.75 m2 / Open area: Veranda: 82.53 m2 / Terrace (useful space): 102.08 m2 / Total: 184.61 m2 / Total + Pool (with structure) : 184.61 + 22.00 = 206.61m2) Immerse yourself in the historic charm and contemporary elegance of this city villa in Silves. With its unique features, luxurious amenities, and prime location, this property offers an unparalleled lifestyle experience. Waiting for project approval. Don't miss the opportunity to make this exceptional residence your own. The project currently awaits final approval from the council.
Welcome to this exceptional city villa located in the historic center of Silves. This one-of-a-kind property was originally a boutique hotel but has been converted into a spacious and unique residence. Offering a blend of contemporary design and historical charm, this villa promises a luxurious living experience.

Upon entering the property, you will find a large garage on the ground floor, providing ample space for parking. Additionally, there is an open area that can be used as an office or atelier, allowing you to pursue your professional or creative endeavors from the comfort of your home. Adjacent to this space is a generously proportioned guest studio apartment featuring a large living room, a bathroom, and a bedroom, ensuring utmost comfort and privacy for your guests.

An elevator will facilitate circulation between the various floors of the building.(Ground floor: 217.38 m2) As you ascend to the first floor, you will be greeted by the main entertaining area, which boasts an expansive open-plan layout combining the kitchen, living room, and various seating areas. This beautifully designed space is perfect for hosting gatherings and socializing with friends and family.

Additionally, there is ample storage space available, allowing you to keep your belongings organized, and a convenient guest WC for added convenience. The building is expected to have floor heating or an insulated flooring with an air flow heat cool system. (1st Floor: 316.46 m2) Continuing to the second floor, you will discover four spacious ensuite bedrooms, each thoughtfully designed to provide comfort and tranquility.

Among these bedrooms, the master suite stands out with just under 25m2 of space and an adjoining bathroom measuring approximately 11m2. This luxurious retreat offers a serene atmosphere and a private sanctuary within the villa. (2nd Floor: 213.38 m2) However, the true highlight of this city villa awaits you on the rooftop.

Here, you will find a private pool,this rooftop oasis offers breathtaking panoramic views of the surroundings. Whether you seek relaxation, sunbathing, or al fresco dining, this terrace provides the perfect setting. Furthermore, the rooftop area features an outdoor kitchen, ideal for preparing delicious meals, a laundry area for added convenience, and a guest WC.

( Roof terrace covered area: 55.75 m2 / Open area: Veranda: 82.53 m2 / Terrace (useful space): 102.08 m2 / Total: 184.61 m2 / Total + Pool (with structure) : 184.61 + 22.00 = 206.61m2) Immerse yourself in the historic charm and contemporary elegance of this city villa in Silves. With its unique features, luxurious amenities, and prime location, this property offers an unparalleled lifestyle experience. Waiting for project approval. Don't miss the opportunity to make this exceptional residence your own. The project currently awaits final approval from the council.
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Property on Map

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Currency Exchange

Silves, 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 €2,200,000 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
€2,200,000 £1,830,136 £1,893,364 £63,228
Property Price € €2,200,000
Minimum cost in the last six months £1,830,136
Maximum cost in the last six months £1,893,364
Fluctuating exchange rates over the last six months could have increased the cost of this property by £63,228

Silves, 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 €2,200,000 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
€2,200,000 £1,830,136 £1,893,364 £63,228
Property Price € €2,200,000
Minimum cost in the last six months £1,830,136
Maximum cost in the last six months £1,893,364
Fluctuating exchange rates over the last six months could have increased the cost of this property by £63,228

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 £63,228 more.

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