House 490 м² in Albufeira, Portugal

1 754 383 $

3 580 $ /м²

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House 490m² in Portugal, Albufeira. Priced at 1500000€ rent photo- #1

House 490m² in Portugal, Albufeira. Priced at 1500000€ rent photo- #2

House 490m² in Portugal, Albufeira. Priced at 1500000€ rent photo- #3

House 490m² in Portugal, Albufeira. Priced at 1500000€ rent photo- #4

House 490m² in Portugal, Albufeira. Priced at 1500000€ rent photo- #5

House 490m² in Portugal, Albufeira. Priced at 1500000€ rent photo- #6

Area

490 м²

Bedrooms

Bathrooms

Luxury 5 bedroom house in Correira, Albufeira, Albufeira municipality, Faro district

Luxury 5 bedroom villa in Albufeira, located in a very quiet and peaceful area, 5 minutes from Praia da Ura and 40 minutes from Faro airport. The villa of modern architecture occupies three floors and has everything we can aspire to in a house: large and open social areas, a common room of 100 square meters, a fully equipped kitchen with wine cellar, American refrigerator, island with induction stove, grill, built-in coffee maker and other appliances. The most private area of this luxury villa consists of five bedrooms, each with ample space. The master bedroom, in addition to its 40 square meters, has a 20 square meter walk-in closet and a relaxing ceramic tiled spa with a chromatic shower and Turkish bath. This suite is also connected to a second room, which is currently used as a nursery but which was originally designed to house a gym, and has a zenith window allowing for star gazing. This luxury villa is characterized by an abundance of light on all floors through large windows, as well as a 35 square meter office, a 50 square meter library and a 20 square meter laundry room. The undulating geometry of the pool accompanies the architecture of the house, reflected in the design of the mezzanine and the various suspended ceilings. Outside, it is worth noting the large covered terrace with barbecue and summer kitchen adjacent to the pool. There is also a separate apartment of 80 square meters, consisting of a living room, two bedrooms, kitchen and bathroom,

Additional details

Property type

Residential Properties

Object type

House

Price

1 754 383 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Albufeira; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Albufeira short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (1 754 383 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Albufeira: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).