Discover this elegant architect-designed villa built on three levels, located on the heights of Lagos, within a short walking distance of the Marina, the Town Hall, and the historic center, offering panoramic views of the sea, the city, and the hills of Monchique

Lagos, Algarve, Portugal, 8600-714

For Sale

€985,000

£823,028
REF: 730935 €985,000

5

4


353 m2

485 m2

Description

Discover this elegant architect-designed villa built on three levels, located on the heights of Lagos, within a short walking distance of the Marina, the Town Hall, and the historic center, offering panoramic views of the sea, the city, and the hills of Monchique. Upon your arrival, a spacious entrance warmly welcomes you, guiding you to the open dining area, harmoniously connected to a large fully-equipped kitchen.

A subtle change in elevation provides a graceful transition to a comfortable living space, equipped with a closed fireplace for a cozy ambiance. The villa also features a second mezzanine lounge, both areas benefitting from ample natural light through expansive windows. From the living room, you have access to a spacious lounge terrace with access to a large L-shaped pool, equipped with a heating system, facing South for all your outdoor relaxation moments.

The property consists of five bedrooms with generous dimensions and spacious walk-in closets, spread across the three levels of the villa, along with four bathrooms. The basement enjoys natural light and includes a large game room, a laundry area, and a spacious two-car garage with electric gate and garage door. The property is surrounded by a minimalistic and low-maintenance dry mineral garden.

Furthermore, from the first-floor sea-view balcony, you can access the rooftop solarium terrace, allowing you to fully enjoy the Algarve sun with magnificent 360 views. Additional features of this property include integrated sound system, video intercom, outdoor surveillance video system, high-end connected radiators, centralized vacuum system, solar panels for water heating, and LED lighting system recessed into walls and outdoor floors, controlled by a timer, providing ambient lighting throughout the property from dusk. Located in the charming town of Lagos, this property offers the perfect blend of a primary residence and a vacation home. With its high-end amenities, both residential and urban location, panoramic views, and large pool, this villa is the ideal place to enjoy the beauty and culture of Lagos.
Discover this elegant architect-designed villa built on three levels, located on the heights of Lagos, within a short walking distance of the Marina, the Town Hall, and the historic center, offering panoramic views of the sea, the city, and the hills of Monchique. Upon your arrival, a spacious entrance warmly welcomes you, guiding you to the open dining area, harmoniously connected to a large fully-equipped kitchen.

A subtle change in elevation provides a graceful transition to a comfortable living space, equipped with a closed fireplace for a cozy ambiance. The villa also features a second mezzanine lounge, both areas benefitting from ample natural light through expansive windows. From the living room, you have access to a spacious lounge terrace with access to a large L-shaped pool, equipped with a heating system, facing South for all your outdoor relaxation moments.

The property consists of five bedrooms with generous dimensions and spacious walk-in closets, spread across the three levels of the villa, along with four bathrooms. The basement enjoys natural light and includes a large game room, a laundry area, and a spacious two-car garage with electric gate and garage door. The property is surrounded by a minimalistic and low-maintenance dry mineral garden.

Furthermore, from the first-floor sea-view balcony, you can access the rooftop solarium terrace, allowing you to fully enjoy the Algarve sun with magnificent 360 views. Additional features of this property include integrated sound system, video intercom, outdoor surveillance video system, high-end connected radiators, centralized vacuum system, solar panels for water heating, and LED lighting system recessed into walls and outdoor floors, controlled by a timer, providing ambient lighting throughout the property from dusk. Located in the charming town of Lagos, this property offers the perfect blend of a primary residence and a vacation home. With its high-end amenities, both residential and urban location, panoramic views, and large pool, this villa is the ideal place to enjoy the beauty and culture of Lagos.
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Currency Exchange

Lagos, Algarve, Portugal, 8600-714

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 €985,000 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
€985,000 £815,885 £846,558 £30,673
Property Price € €985,000
Minimum cost in the last six months £815,885
Maximum cost in the last six months £846,558
Fluctuating exchange rates over the last six months could have increased the cost of this property by £30,673

Lagos, Algarve, Portugal, 8600-714

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 €985,000 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
€985,000 £815,885 £846,558 £30,673
Property Price € €985,000
Minimum cost in the last six months £815,885
Maximum cost in the last six months £846,558
Fluctuating exchange rates over the last six months could have increased the cost of this property by £30,673

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 £30,673 more.

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