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Discover the timeless beauty of this stunning property in Moncarapacho, a sanctuary just steps from the sparkling beaches of the Eastern Algarve and the serenity of the Ria Formosa Natural Park
Olhão, Faro, Portugal
REF: 803203
€2,500,000
Description
Discover the timeless beauty of this stunning property in Moncarapacho, a sanctuary just steps from the sparkling beaches of the Eastern Algarve and the serenity of the Ria Formosa Natural Park. This jewel of the 19th century was meticulously restored two decades ago, with four years dedicated to transforming it into a modern manor house, full of comfort and style. The property consists of the main house, a guest house, a covered leisure and dining area near the pool, and another with changing rooms and BBQ next to the tennis court. Particularly remarkable, is the old Noria that was completely restored and serves as a central element of the garden. On the main house ground floor, we find very spacious open-plan spaces, separated by several arches and corners that delight any visitor. The kitchen is very large and has a dining area, in addition to the adjacent pantry and laundry room. On this floor we also have the guest bathroom and two cloakrooms. In front of the living room, there is a large terrace with two sliding French-windos that connect the interior space to the exterior. On the first floor we have six bedrooms, two with private bathrooms, and a common bathroom. The guest house has a living room with kitchenette, three bedrooms, a bathroom and a large, covered balcony to enjoy the garden and outdoor meals. There is also a large room with 70 sqm where the family used to watch films. With double height, this space can be adjusted to the most varied purposes. The garden occupies an area of around 2,000 m² with paths surrounded by trees and leafy bushes, exotic flowers, medicinal herbs, etc. Simply fascinating! In the rest of this magnificent property we find several fruit trees, including various types of citrus fruits, banana trees, fig trees, sugar cane, etc. etc. Other features: Double glazing; Electric blinds; Air conditioning; Solar panels; Fully equipped kitchen; Saltwater pool; Tennis court with changing rooms; Automatic gates; 2 BBQ; Borehole; Automatic Irrigation; Gross Construction Area: 620 m²; Net Area: 510 m²; Land area: 1.9ha Don't miss this opportunity and call me! At IAD we partner with all licensed real estate consultants. Call me if you have clients for this property. #ref: 114446
Discover the timeless beauty of this stunning property in Moncarapacho, a sanctuary just steps from the sparkling beaches of the Eastern Algarve and the serenity of the Ria Formosa Natural Park. This jewel of the 19th century was meticulously restored two decades ago, with four years dedicated to transforming it into a modern manor house, full of comfort and style. The property consists of the main house, a guest house, a covered leisure and dining area near the pool, and another with changing rooms and BBQ next to the tennis court. Particularly remarkable, is the old Noria that was completely restored and serves as a central element of the garden. On the main house ground floor, we find very spacious open-plan spaces, separated by several arches and corners that delight any visitor. The kitchen is very large and has a dining area, in addition to the adjacent pantry and laundry room. On this floor we also have the guest bathroom and two cloakrooms. In front of the living room, there is a large terrace with two sliding French-windos that connect the interior space to the exterior. On the first floor we have six bedrooms, two with private bathrooms, and a common bathroom. The guest house has a living room with kitchenette, three bedrooms, a bathroom and a large, covered balcony to enjoy the garden and outdoor meals. There is also a large room with 70 sqm where the family used to watch films. With double height, this space can be adjusted to the most varied purposes. The garden occupies an area of around 2,000 m² with paths surrounded by trees and leafy bushes, exotic flowers, medicinal herbs, etc. Simply fascinating! In the rest of this magnificent property we find several fruit trees, including various types of citrus fruits, banana trees, fig trees, sugar cane, etc. etc. Other features: Double glazing; Electric blinds; Air conditioning; Solar panels; Fully equipped kitchen; Saltwater pool; Tennis court with changing rooms; Automatic gates; 2 BBQ; Borehole; Automatic Irrigation; Gross Construction Area: 620 m²; Net Area: 510 m²; Land area: 1.9ha Don't miss this opportunity and call me! At IAD we partner with all licensed real estate consultants. Call me if you have clients for this property. #ref: 114446
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Currency Exchange
Olhão, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,097,750 | £2,156,400 | £58,650 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,097,750 |
| Maximum cost in the last six months | £2,156,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £58,650 |
Olhão, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,097,750 | £2,156,400 | £58,650 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,097,750 |
| Maximum cost in the last six months | £2,156,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £58,650 |
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 £58,650 more.
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