Flat 700 м² in Portiman, Portugal

1 665 949 $

2 379 $ /м²

4OUZ0

Flat 700m² in Portugal, Portiman. Priced at 1233215£ rent photo- #1

Flat 700m² in Portugal, Portiman. Priced at 1233215£ rent photo- #2

Flat 700m² in Portugal, Portiman. Priced at 1233215£ rent photo- #3

Flat 700m² in Portugal, Portiman. Priced at 1233215£ rent photo- #4

Flat 700m² in Portugal, Portiman. Priced at 1233215£ rent photo- #5

Flat 700m² in Portugal, Portiman. Priced at 1233215£ rent photo- #6

Area

700 м²

Bedrooms

Bathrooms

House for sale in Portimão, Portugal

CLOSE THE BEST PROPERTY WITH US This unique palace, located in the heart of historic Portimão, inspires nothing but style and sophistication. This home is undergoing extensive renovations that will transform it into a magnificent modern home with the charm of a historic building. Ideally located on a quiet street, just 1 minute walk from the Arade River with a beautiful path to the famous Praia da Rocha beach, it could be perfect for a bed and breakfast, a spacious home or even divided into 4-5 separate apartments. It is a 4-storey building of over 700 m2. It has a spacious 7 bedroom apartment with 2 roof terraces (539 m2), a separate 3 bedroom apartment (126 m2) and an annex that can be used as an office/storage area (63 m2). The separate apartment with modern fitted kitchen and 3 bedrooms is located at street level, on the right side of the house. The main apartment is located on 4 floors and can be accessed from street level via the front door on the left side of the house or via the magnificent and elegant staircase leading to the first floor. This spacious apartment is located at street level and has 2 30m2 multi-purpose bedrooms, a bathroom and a patio. The first floor has a fully equipped luxury kitchen and patio (with exterior stairs to the first floor), dining room, living room, 4 bedrooms and 4 bathrooms. Upstairs there is also 1 bedroom, a bathroom and a TV room with access to the 100m2 split-level roof terraces with a BBQ/outdoor kitchen area and outdoor bath. These amazingly spacious roof terraces guarantee unforgettable days and nights under the beautiful Algarve sky. Experience the best in this incomparable palace, which has been designed for comfortable living and renovated to the highest quality standards. We will take care of your credit process without bureaucracy, offering the best solutions for each client. A credit intermediary certified by Banco de Portugal under the number 0001802. We help you throughout the whole process! Contact us directly or leave your information and we will get back to you shortly.

Additional details

Property type

All Types

Object type

Flat

Price

1 665 949 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Portiman; 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 Portiman 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 (1 665 949 $) 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 Portiman: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).