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For Sale property id: 62156318
USD 2,037,239 Mortgage Calculator
EUR 1,950,000
, Portimao, Portugal
  • Land Size
    7580 m²

Description

This impressive detached 3-storey 9+1 bedroom property, with commanding views to the coast and surrounding countryside, has a built area of 683m2 and is set on a large 7580m2 plot with mature landscaped gardens set within a secure environment. The estate is located in the quiet residential area of Malheiro, close to the centre of Portimao with its shops, restaurants, bars and beaches and ideally located for the many nearby leisure activities including water sports, golf, horse riding and water parks. Faro airport is within easy driving distance.
The property is accessed through a picturesque courtyard, with a central feature fountain, providing access both to the main villa and Owners Accommodation and four individual self-contained apartments. A fifth self-contained apartment is set slightly apart within the luxurious grounds.
This large property and expansive grounds offers many opportunities, whether you are seeking a large family house or looking for a business opportunity in the beautiful sun-drenched Algarve.
Having been recently completely renovated the Estate is currently being used as a successful rental apartment complex complete with a professionally equipped gym, sauna, steam room, treatment room, jacuzzi and pool.
It also has the benefit of separate owner's accommodation comprising three en-suite bedrooms, a large kitchen breakfast room, a separate dining room, sitting room and an office on the third storey with stunning 360 degree views. There are also two private terraces with views over the gardens to the coast.
This property is without doubt a great investment opportunity with the potential to deliver a high level of return on investment.

Portimão is the largest city in the Western Algarve with around 60,000 inhabitants and was once a place where boat building, sardine fishing and fish processing were the city main activities. However, over the passing of the year's most of this industry has been replaced by tourism, entertainment and services, making it a large residential city, in perfect harmony with its historic pedestrian center and riverside areas. This evolution has transformed the city into an attractive place to shop and admire its history and proximity to the river and the sea. The old and busy fishing docks have also been transformed into a long sidewalk integrated with the wooded squares of the old city where there is no lack of cafés, bars and restaurants to enjoy the excellent gastronomy and traditional pastries, with a clear view.

Just 7 minutes from the city center is the iconic Praia da Rocha with its vast beach, crystal clear water and majestic cliffs that extend to the beaches of Amado and Vau. Complementing this postcard are numerous restaurants and beach bars and a nightlife that attract thousands of tourists and curious people every year.

Its hub with public transport to various destinations in Portugal and Spain make this city a must-see for travelers and the surrounding population.

At a short distance you can also visit the fishing villages of Alvor, Ferragudo and Carvoeiro, the spas of Monchique, Lagos (the city of the discoveries) and also Sagres (the most western point of Europe). Faro airport is only 45 minutes away. Lisbon and Seville are roughly the same distance from Portimão (2H30).

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