Elegant 4 bedroom Villa for sale with sea view in Moncarapacho, Algarve

2,400,000 EUR 2,088,000 GBP 2,376,000 USD

Reference: 240170

Bedrooms: 4
Bathrooms: 5
Floor Size: 299 m2
Plot Size: 1.09 hectares / 2.7 acres
Work Required: None
Swimming Pool
Lake, River or Pond
On or Near Golf Course
Air Conditioning
Parking space(s)

Details

With stunning sea views, this beautiful and spacious 4 bedroom villa is ideally situated in a quiet setting in Moncarapacho, set within a fully fenced plot of 11,000m2 with a well maintained garden with a small lake, swimming pool with great sun exposure and parking area.

Features include: entrance hall, living/dining room, fully fitted and equipped kitchen open to the barbecue area. Library and a guest bathroom. To the right side of the house, there are 4 bedrooms, 3 of which are en-suite, and a master bedroom of over 23m2.

Fully south facing, the villa offers several sunny terraces to enjoy the views and the warm Algarve weather.

In the 300m2 basement there is a leisure area with a bar, party room, and the possibility of having 3 more en suite bedrooms or a cinema room/gym area.

Additionally the property offers: double glazing, underfloor heating, central heating, oak wood flooring, borehole, automatic irrigation, solar panels for water heating, air conditioning in all rooms and electric gates.

The Villa provides a cosy and elegant environment, such as vaulted ceilings, which give elegance to the social areas.

Located in a quiet area just 1km from the golf course, 5km from the beach and less than 1km from all kinds of shops and services.

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Portugal Property Buying Guide

Guide to the Portugese Buying Process

1. Signing a Letter of Intent
On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.

2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)
The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.

3. On Completion
The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.