Immaculate 5 bedroom Villa for sale with sea view in Sao Sebastiao, Lagos, Algarve
Boasting incredible ocean, countryside, and mountain views, this superb property offers a modern design and top-of-the-line amenities, which is sure to impress even the most discerning buyer. Imagine entertaining guests in the expansive living area with underfloor heating and a cosy fireplace, or enjoying a meal with views of the marina from the dining table.
The kitchen has all the modern conveniences and there is a hidden utility room behind the kitchen which has additional storage. On this...
Boasting incredible ocean, countryside, and mountain views, this superb property offers a modern design and top-of-the-line amenities, which is sure to impress even the most discerning buyer. Imagine entertaining guests in the expansive living area with underfloor heating and a cosy fireplace, or enjoying a meal with views of the marina from the dining table.
The kitchen has all the modern conveniences and there is a hidden utility room behind the kitchen which has additional storage. On this ground floor level is a large secondary living room already pre-installed as a cinema room.
There are 3 bedrooms upstairs, one of which is the master suite with a large private balcony that overlooks the pool and offers breathtaking city views, as well as views across the rear of the property over the countryside and towards the west coast in the distance.
An electric entrance gate and security alarm provide peace of mind. The property also boasts a Smart home system with video entry, double glazing, electric shutters, and air conditioning for added convenience and comfort, and all programable to use from a mobile phone.
The owners have installed a 10,000 litre water deposit that collects grey water and harnesses the power of UV light for efficient, eco-friendly water purification to use in the garden - the lawned areas are immaculate.
Located just minutes from the town centre and only a few kms away from the beach and shops, this villa offers the perfect balance of tranquility and convenience. Plus, with a golf course just 3 kms away and the airport only a 50 minute drive, there are plenty of options for entertainment and travel.
Don't miss this opportunity to own a piece of paradise in a prime location in a highly desirable residential area of Lagos.
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This Villa is located in Lagos 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.