Luxury detached house for sale in Lagoa, Distrito de Faro
The charming fishing village of Ferragudo in the municipality of Lagoa, with more than 500 years of history, is considered by many to be a little Portuguese Saint-Tropez, thanks to its cosmopolitan atmosphere that brings together locals and tourists from all corners of the world. On one of its landscaped hills lies this architectural gem. The property with Italian Natuzzi furniture is located in an exclusive private condominium with more than 175 ancient olive trees, designed and created by Martin and Mark Banner. With a total floor area of 631 m2, the house is the epitome of a luxurious construction model combined with superb finishes. The imposing double glazed façade includes a main door with a minimalist, thermostatically controlled pivot. Through this door we enter the entrance hall (20 m2) with double-height ceilings and views over the internal garden, as well as the guest toilet, the magnificent iron and oak staircase and the private elevator that takes us to the roof. From here we enter the large multi-purpose space (130 m2) which adjoins a patio with hydraulic mosaic tiles and a lush garden (78 m2) with mist cooling system, a fully equipped laundry room with pantry, cupboards with built-in sink, auxiliary cupboards and a garage (80 m2). On the second floor, by crossing the overhanging balcony, we enter the private area where there are four bedrooms with en-suite bathrooms, fitted closets with interior lighting, bathrooms with skylights, towel
Characteristics
Property type
Residential Properties
Object type
House
Price
5 316 672 $
FAQ
How can I get a residence permit by buying property in Portugal?
In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Lagoa; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Portugal?
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.
What taxes and fees apply when buying in Portugal?
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.
How is the title checked in Portugal?
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.
Can I rent out property after purchase in Portugal?
Yes. Rental income tax is 5–25% depending on the regime. In Lagoa short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (5 316 672 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Portugal?
A typical transaction runs 30–90 days, averaging 45 in Lagoa: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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