A gated residential complex under construction in Sector 5 of Vilamoura, comprising 45 luxury apartments, aims to surpass the finest achievements in the Algarve and rank among the top projects of its kind in Portugal

Loulé, Faro, Portugal

For Sale

€1,900,000

REF: 715812 €1,900,000


2

2


123 m2

Description

A gated residential complex under construction in Sector 5 of Vilamoura, comprising 45 luxury apartments, aims to surpass the finest achievements in the Algarve and rank among the top projects of its kind in Portugal. The project features a highly contemporary architecture, with generous glass surfaces, minimalist floor-to-ceiling windows, and large terraces with dining and lounge areas.

The development consists of three blocks separated by lush gardens filled with vegetation, facing south and west, offering views of the lake, golf courses, and the sea. The 123 sqm T2 apartments located on the second floor (duplex penthouse) also boast excellent terraces of 24 sqm in front of the living room and access to the rooftop terrace.

The apartment includes a private terrace with an 8x4 pool, a 130 sqm lounge terrace with a set of sofas, a dining area, a barbecue counter, a bar, and space for loungers. It comprises two bedrooms with two en-suite bathrooms, an open-plan living room connected to the kitchen, a two-car garage, and storage space.

All apartments are equipped with high-quality reference furniture, carefully chosen to match the concept of a tourist development. The furniture showcases neutral and modern tones, attractive designs, and superior quality. The development also features a reception to provide support services to the apartments.

Each owner has the option not to operate the apartment for tourist purposes. The exterior landscaping will be designed by Jardim Vista, an essential partner in numerous excellence projects in Quinta do Lago, where they have created true works of art. They will design the common green spaces using carefully selected exuberant varieties, with the aim of fully enjoying them.

The complex also offers a padel court, a small pitch & putt golf training area with side bunkers, a petanque court, an indoor and outdoor gym, as well as a sauna and a Turkish bath. FINISHES: Apartment floor covering - Porcelanosa Bottega White L 120x120(a); Bathroom wall tiles - Porcelanosa; Sanitary ware - Porcelanosa; Freestanding bathtubs - Porcelanosa; Faucets - Porcelanosa Colección Square Preto de Encastre in black; Designer bathroom countertops with integrated Corian sinks; Linen-lined wardrobes with matte white lacquered MDF doors; Interior doors - Pivot doors with concealed locks, 2.60m in height, in matte white lacquered MDF; MOB white lacquered MDF kitchens with Hettich Sensys hinges.

Sensys hinges represent the latest generation in hinge technology; MOB uses the "AvanTech YOU" internal drawer system from Hettich; Siemens appliances in ground floor and first-floor apartments; Miele appliances in second-floor apartments (Penthouses); Minimalist windows; False ceilings; LED lighting, design, and execution by OMH Light; Glass balustrades on balconies; "Infinity Pool" type swimming pools; Home automation; Electric underfloor heating; Integrated Daikin air conditioning; Solar panels for water heating; Apartments fully decorated and furnished to high quality both internally and externally; Very modern design shading blades for buildings; Video intercom; Electric blackout blinds; USB chargers; Telecommunication wiring for cable TV. TV in all bedrooms and living rooms; Telephone in all bedrooms. Wireless internet. Delivery in summer 2024. Please contact us for more information. #ref: 100479
A gated residential complex under construction in Sector 5 of Vilamoura, comprising 45 luxury apartments, aims to surpass the finest achievements in the Algarve and rank among the top projects of its kind in Portugal. The project features a highly contemporary architecture, with generous glass surfaces, minimalist floor-to-ceiling windows, and large terraces with dining and lounge areas.

The development consists of three blocks separated by lush gardens filled with vegetation, facing south and west, offering views of the lake, golf courses, and the sea. The 123 sqm T2 apartments located on the second floor (duplex penthouse) also boast excellent terraces of 24 sqm in front of the living room and access to the rooftop terrace.

The apartment includes a private terrace with an 8x4 pool, a 130 sqm lounge terrace with a set of sofas, a dining area, a barbecue counter, a bar, and space for loungers. It comprises two bedrooms with two en-suite bathrooms, an open-plan living room connected to the kitchen, a two-car garage, and storage space.

All apartments are equipped with high-quality reference furniture, carefully chosen to match the concept of a tourist development. The furniture showcases neutral and modern tones, attractive designs, and superior quality. The development also features a reception to provide support services to the apartments.

Each owner has the option not to operate the apartment for tourist purposes. The exterior landscaping will be designed by Jardim Vista, an essential partner in numerous excellence projects in Quinta do Lago, where they have created true works of art. They will design the common green spaces using carefully selected exuberant varieties, with the aim of fully enjoying them.

The complex also offers a padel court, a small pitch & putt golf training area with side bunkers, a petanque court, an indoor and outdoor gym, as well as a sauna and a Turkish bath. FINISHES: Apartment floor covering - Porcelanosa Bottega White L 120x120(a); Bathroom wall tiles - Porcelanosa; Sanitary ware - Porcelanosa; Freestanding bathtubs - Porcelanosa; Faucets - Porcelanosa Colección Square Preto de Encastre in black; Designer bathroom countertops with integrated Corian sinks; Linen-lined wardrobes with matte white lacquered MDF doors; Interior doors - Pivot doors with concealed locks, 2.60m in height, in matte white lacquered MDF; MOB white lacquered MDF kitchens with Hettich Sensys hinges.

Sensys hinges represent the latest generation in hinge technology; MOB uses the "AvanTech YOU" internal drawer system from Hettich; Siemens appliances in ground floor and first-floor apartments; Miele appliances in second-floor apartments (Penthouses); Minimalist windows; False ceilings; LED lighting, design, and execution by OMH Light; Glass balustrades on balconies; "Infinity Pool" type swimming pools; Home automation; Electric underfloor heating; Integrated Daikin air conditioning; Solar panels for water heating; Apartments fully decorated and furnished to high quality both internally and externally; Very modern design shading blades for buildings; Video intercom; Electric blackout blinds; USB chargers; Telecommunication wiring for cable TV. TV in all bedrooms and living rooms; Telephone in all bedrooms. Wireless internet. Delivery in summer 2024. Please contact us for more information. #ref: 100479
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#100479

Currency Exchange

Loulé, 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 €1,900,000 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
€1,900,000 £1,565,410 £1,632,955 £67,545
Property Price € €1,900,000
Minimum cost in the last six months £1,565,410
Maximum cost in the last six months £1,632,955
Fluctuating exchange rates over the last six months could have increased the cost of this property by £67,545

Loulé, 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 €1,900,000 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
€1,900,000 £1,565,410 £1,632,955 £67,545
Property Price € €1,900,000
Minimum cost in the last six months £1,565,410
Maximum cost in the last six months £1,632,955
Fluctuating exchange rates over the last six months could have increased the cost of this property by £67,545

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 £67,545 more.

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