Algarve, Faro, Portugal

Welcome to your future sanctuary in the heart of Faro, where elegance, exclusivity, and breathtaking surroundings redefine luxury living. Nestled in one of the city's most sought-after neighbourhoods, this remarkable 3-bedroom penthouse is the pinnacle of refined sophistication. Offering an expansive living space, unrivalled panoramic views, and first-class amenities, this is an opportunity to embrace a lifestyle of comfort, convenience, and prestige.

Spanning across an impressive 281 square meters, this penthouse is designed to impress. As you step inside, you're greeted by an abundance of natural light that illuminates every corner of the meticulously crafted interior. The spacious layout ensures ample room for relaxation, entertainment, and creating lasting memories with loved ones.

The true centrepiece of this extraordinary residence is the spectacular south-facing terrace. Designed to take full advantage of the stunning natural beauty of the Algarve, this vast outdoor space provides uninterrupted panoramic views over the picturesque Ria Formosa Natural Park. Imagine waking up to golden sunrises, unwinding with a glass of wine as the sun sets over the water, or hosting unforgettable gatherings against this mesmerising backdrop.

To further elevate your experience, this exclusive penthouse boasts a private swimming pool, an exceedingly rare feature in an urban setting, allowing you to indulge in moments of tranquillity and rejuvenation in complete privacy.

Every aspect of this penthouse has been thoughtfully curated to ensure the utmost convenience. Two private parking spaces provide easy and secure access to your home, while high-end finishes and state-of-the-art appliances enhance the overall experience of contemporary luxury living. Designed for those who seek the perfect balance between serenity and city life, this home embodies modern elegance in one of the Algarve’s most dynamic locations.

Faro, the capital of the Algarve, is a city where history, culture, and coastal beauty merge seamlessly. Rich in heritage, the city boasts a charming old town with stunning architecture, and an array of exquisite restaurants, boutique shops, and lively rooftops. Whether you wish to explore traditional markets, dine at Michelin-starred restaurants, or stroll along the marina, everything is within reach.

For those with a passion for travel, Faro International Airport is just a 10-minute drive away, making weekend getaways and international connections effortlessly convenient. Whether you are a frequent traveller or a discerning homeowner seeking a luxurious retreat, this location offers the best of both worlds.

The Buying Process in Portugal‍

A Clear Path to Property Ownership

At Alina Reis Bespoke Luxury & Advisory, we offer personalised guidance throughout every stage of your purchase, ensuring peace of mind from start to finish. Here is how the process typically unfolds:

Step 1: Appoint Legal Representation
Begin by selecting a reputable Portuguese lawyer. They will carry out all due diligence, confirm the legal status of the property, and handle the transaction on your behalf if needed.

Step 2: Obtain a Portuguese Tax Number (NIF)
This number is required to purchase property in Portugal. Your lawyer can secure it on your behalf with a simple copy of your passport and proof of address.

Step 3: Open a Local Bank Account
To complete the purchase and manage future running costs, a Portuguese bank account is necessary. We are happy to introduce you to trusted banking contacts who can assist.

Step 4: Sign the Promissory Contract (CPCV)
Once due diligence is complete, both parties sign a promissory contract which sets out the terms of sale. A deposit of 10 to 30 percent is usually paid at this stage.

Step 5: Sign the Final Deed (Escritura)
The transaction concludes with the signing of the final deed in front of a notary. At this point, the remaining balance is paid and the property is officially registered in your name.

When Buying Through a Company
If the property is held by a corporate structure, either offshore or onshore, the transaction may involve the transfer of company shares instead of a traditional property sale. This process must be carefully evaluated by your lawyer and financial advisor. While it can offer tax and inheritance advantages, it also requires specific legal and fiscal due diligence. We work closely with your advisors to ensure full transparency and security.
REF: AR-37