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Building plots with sea views and aproved projects for sale in Praia da Luz, Algarve
Lagos, Portugal
REF: 891673
€750,000
Description
Set high on the desirable Monte Lemos hills overlooking Praia da Luz, this exceptional new development offers a rare opportunity to build your dream home in an exclusive location. With a design concept by renowned architect Mario Martins, these properties promise 180 panoramic sea views, modern luxury, and proximity to the beach and town center all within walking distance. This development consists of five distinct plots, each with varying sizes, building allowances, and prices, offering flexibility to meet a range of requirements. Details of the Available Plots: Plot 1 - Size: 1,705 m Building Allowance: Approved for a spacious 5-bedroom villa with a total construction area of 480 m . Additional Land Option: A 17,000 m rustic land parcel can be included for further expansion or privacy. Price: 1,125,000 Plot 2 - Size: 2,100 m (the largest plot available). Building Allowance: Approved for a 5-bedroom villa with an impressive construction area of 555 m . Pre-Approved Project: Construction can begin immediately with an existing architectural design. Additional Land Option: Includes the possibility of acquiring a 17,000 m parcel of rustic land. Price: 1,350,000 Plot 3 & 4 - Sizes: 1,135 m and 1,165 m respectively. Building Allowance: Both plots allow for a 4-bedroom villa with 360 m of construction area. Price: 800,000 each Plot 5 - Size: 995 m Building Allowance: Approved for a 4-bedroom villa with a construction area of 360 m . Price: 750,000 Monte Lemos is celebrated for its tranquil setting, breathtaking views, and exclusive feel. The elevated location ensures every plot benefits from stunning vistas of the Atlantic Ocean. The proximity to Praia da Luz offers easy access to its sandy beaches, charming restaurants, and vibrant community. Designed with modern architecture and Mediterranean influences, the development provides the perfect blend of elegance and functionality. With only five plots available, this is a limited opportunity to create a bespoke home tailored to your tastes.
Set high on the desirable Monte Lemos hills overlooking Praia da Luz, this exceptional new development offers a rare opportunity to build your dream home in an exclusive location. With a design concept by renowned architect Mario Martins, these properties promise 180 panoramic sea views, modern luxury, and proximity to the beach and town center all within walking distance. This development consists of five distinct plots, each with varying sizes, building allowances, and prices, offering flexibility to meet a range of requirements. Details of the Available Plots: Plot 1 - Size: 1,705 m Building Allowance: Approved for a spacious 5-bedroom villa with a total construction area of 480 m . Additional Land Option: A 17,000 m rustic land parcel can be included for further expansion or privacy. Price: 1,125,000 Plot 2 - Size: 2,100 m (the largest plot available). Building Allowance: Approved for a 5-bedroom villa with an impressive construction area of 555 m . Pre-Approved Project: Construction can begin immediately with an existing architectural design. Additional Land Option: Includes the possibility of acquiring a 17,000 m parcel of rustic land. Price: 1,350,000 Plot 3 & 4 - Sizes: 1,135 m and 1,165 m respectively. Building Allowance: Both plots allow for a 4-bedroom villa with 360 m of construction area. Price: 800,000 each Plot 5 - Size: 995 m Building Allowance: Approved for a 4-bedroom villa with a construction area of 360 m . Price: 750,000 Monte Lemos is celebrated for its tranquil setting, breathtaking views, and exclusive feel. The elevated location ensures every plot benefits from stunning vistas of the Atlantic Ocean. The proximity to Praia da Luz offers easy access to its sandy beaches, charming restaurants, and vibrant community. Designed with modern architecture and Mediterranean influences, the development provides the perfect blend of elegance and functionality. With only five plots available, this is a limited opportunity to create a bespoke home tailored to your tastes.
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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 €750,000 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 |
|---|---|---|---|
| €750,000 | £617,925 | £634,568 | £16,643 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £617,925 |
| Maximum cost in the last six months | £634,568 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,643 |
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 €750,000 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 |
|---|---|---|---|
| €750,000 | £617,925 | £634,568 | £16,643 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £617,925 |
| Maximum cost in the last six months | £634,568 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,643 |
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 £16,643 more.
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