Luxury 4 bedroom Villa for sale with panoramic view in Vila Sol Golf, Vilamoura, Algarve
This stunning property is situated 5 minutes drive to the Atlantic coast, on the shores of Vilamoura and Quarteira.
In the basement there is the garage for 2 regular sized cars, a technical room, a storage room and a
laundry room.
The main entrance hall, facing the living and dining area, with double sided gas fireplace, facing the living room and the kitchen with access to the outside covered terrace, garden and swimming pool area,
the fully fitted a...
This stunning property is situated 5 minutes drive to the Atlantic coast, on the shores of Vilamoura and Quarteira.
In the basement there is the garage for 2 regular sized cars, a technical room, a storage room and a
laundry room.
The main entrance hall, facing the living and dining area, with double sided gas fireplace, facing the living room and the kitchen with access to the outside covered terrace, garden and swimming pool area,
the fully fitted and equipped kitchen and pantry, also with access to the outside covered terrace where the barbecue area is, access to 2 bedrooms with en suite bathrooms, a cloakroom, a study room and the staircase leading to the basement and to the upper floor, are all on the ground floor.
On the first floor, there is a landing area, a bedroom with en suite bathroom and a master suite, with access to a private balcony, a walk-in wardrobe and en suite bathroom.
During 2022 and early 2023, the owner has done some upgrades and refurbishment in the inside and exterior of the villa. This upgrade and refurbishment consisted of:
- The master suite being fully refurbished,
- A new fitted wine refrigerator in the kitchen,
- Replacement of all lights throughout the inside and exterior, by LED lights,
- New alarm system fitted, with cctv, remotely connected with "Grupo 8 - Security Company" hub, located
in Vila Sol and with access by mobile app,
- The covered terrace allocated for the barbecue area, has been fully refurbished, including a new gas barbecue,
sink and outside fridge,
- New solar water heating system fitted with 300 litres tank capacity,
- New solar panels for micro electric energy production, connected with the grid and with mobile app to
access the management of electricity production and consumption, and
- New heating pump to heat the now converted to salt water treatment swimming pool.
Other features include:
- Heated and salt water treatment overflow swimming pool,
- Under floor heating system throughout all bathrooms,
- Optic fibre for data communication and wi-fi network throughout and
- Cable TV, supplied by MEO and
- Air conditioned in all rooms.
This property is located in a quiet and residential cul-de-sac of Vila Sol Golf Resort with
easy access to amenities, restaurants, bars and entertainment, either inside the resort or
in the nearby Vilamoura Resort and the Seaside Town of Quarteira.
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This Villa is located in Vilamoura 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.