New Build 5 bedroom Villa for sale with sea view in Alto do Lagoal, Oeiras, Central Portugal

4,000,000 EUR 3,480,000 GBP 3,960,000 USD

Reference: 240109

Bedrooms: 5
Bathrooms: 5
Floor Size: 440 m2
Plot Size: 675 m2
Work Required: None
Swimming Pool
Balcony
Air Conditioning
Garage(s)

Details

Outstanding 3 storey, 5 bedroom architect designed luxury villa with pool and garden, enjoying uninterrupted sea and river views from its ideal location in Alto do Lagoal.

This ultra modern property is composed of 3 floors, 2 of which are above the entrance floor and a 3rd floor that is semi-subterranean, taking advantage of the natural slope of the land.

The first floor comprises of four bedrooms en suite, with unobstructed sea views and an ample terrace.

On the ground floor is the main entrance, living room, dining room with sea views and direct access to an ample terrace, fitted kitchen, bathroom and a garage for 3 cars.

There is a living room, bathroom, bedroom en suite, technical area, storage area, laundry area and a terrace open to the outdoor patio with swimming pool, on the lower ground floor.

Features include window frames in natural anodised aluminium with double glazed windows, an entrance door in steel and wooden slats and the garage gate in vertical slats. The transitions from the inside to the terraces are at 0/0 level, without any ledges, providing a sense of spaciousness and blurring the boundaries between the inside and outside.

On the lower ground floor level, the patio where the swimming pool is located expands to a covered terrace and to an indoor living room area, also at 0/0 level. In this way, part of the house works as a covered outdoor space to support the swimming pool.

These flat exterior areas do not occupy the whole lot, allowing the natural slope and the land's vegetation to be maintained, not only for technical and constructive reasons, but also for aesthetic and landscape integration, with the vegetation softening the relationship with the surrounding buildings.

The villa is located in one of the most prestigious areas of Oeiras, in a consolidated, serene and sheltered area, but simultaneously really close to all sorts of services and accesses.

The architect, Eduardo Elisio Machado Souto de Moura, was born in Oporto on 25th July 1952. He studied architecture at the School of Fine Arts in Oporto and at the Faculty of Architecture of the University of Oporto. During the course of his student's career, he collaborated in Alvaro Siza Vieira's studio between 1974 and 1979. In 2011, Souto de Moura became the second Portuguese architect, after Siza Vieira (1992), to win the Pritzeker Architecture Prize, the most prestigious award in this area, awarded since 1979 by the American Hyatt Foundation to the greatest names in the world's architecture, such as Oscar Niemeyer (1988), Frank Gehry (1898), Norman Foster (1999) and Rem Koolhaas (2000).

Characterised by its mild climate, Oeiras is one of the most developed municipalities in the country, being in a privileged location just a few minutes from Lisbon and Cascais and with superb views over the river and sea. The restored buildings full of charm cohabit in perfect balance with the new constructions. The sea front promenade accesses the fantastic beaches along the line.

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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.