Immaculate 3 bedroom Villa for sale with sea view in Luz de Tavira, Algarve
In what must be one of the most serene, tranquil and authentic zones in Algarve lies this imposing estate. As the electric gate opens, the driveway leads up to this impressive South facing villa which measures 472m2 and was built in 2012 on the ruins of an old farmhouse.
It comprises of a massive dinin and /living area with fireplace, a fully equipped open kitchen, a utility room 3 bedrooms, 2 of which are en-suite, a guest bathroom, and a garage big enough for 3 cars (or for converti...
In what must be one of the most serene, tranquil and authentic zones in Algarve lies this imposing estate. As the electric gate opens, the driveway leads up to this impressive South facing villa which measures 472m2 and was built in 2012 on the ruins of an old farmhouse.
It comprises of a massive dinin and /living area with fireplace, a fully equipped open kitchen, a utility room 3 bedrooms, 2 of which are en-suite, a guest bathroom, and a garage big enough for 3 cars (or for converting into 2 more bedrooms). There is also a small cellar, currently used to stock provisions.
Outside stairs lead up to the first floor where there is another space measuring 60m2, currently used as a hobby room but it could be easily transformed into
2 more en-suite bedrooms.
The first floor is surrounded by terraces, offering open views to the ocean, just a couple of km away. For summer entertainment there is a double outdoor kitchen, covered seating area, an outdoor shower and a heated chlorine pool.
The villa stands in the middle of a fenced and landscaped 1.7 hectare garden, with tens of different fruit trees, lush palm trees, several native plants and a large vegetable garden to cultivate ones own food.
This stunning property is state of the art and boasts an astonishing A+ energy rating. There is solar powered underfloor heating throughout most of the house, solar heating for hot water, insulation in walls, floor and roof as well as triple glazed windows. Rotating solar panels coupled to a 10kw home-battery make it as good as self-sufficient in electricity, and there is air-conditioning in the bedrooms.
Water for the garden is provided by a shared borehole and an old (still functioning) well, it is also connected to mains water.
It is located in a very quiet and noble area, surrounded by orange orchards. Santa Luzia (Praia do Barril) and cute Fuseta are less than 8km drive away. Ideal for a leisurely bicycle-ride on the deserted country roads. Tavira and its golf courses are just a bit further.
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This Villa is located in Luz de Tavira in Portugal
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Buying a Property in Portugal
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.