Flat 235 м² in Portiman, Portugal

2 701 979 $

11 497 $ /м²

4OWL7

Flat 235m² in Portugal, Portiman. Priced at 2300000€ rent photo- #1

Flat 235m² in Portugal, Portiman. Priced at 2300000€ rent photo- #2

Flat 235m² in Portugal, Portiman. Priced at 2300000€ rent photo- #3

Flat 235m² in Portugal, Portiman. Priced at 2300000€ rent photo- #4

Flat 235m² in Portugal, Portiman. Priced at 2300000€ rent photo- #5

Flat 235m² in Portugal, Portiman. Priced at 2300000€ rent photo- #6

Area

235 м²

Bedrooms

Bathrooms

5 bedroom luxury apartment for sale in Portimão, Distrito de Faro

Just a short walk to the beach and marina we present this exclusive penthouse fully refurbished in 2023 to the highest quality standards. There are 6 bedrooms, 4 of which are en-suite, fitted closets finished in wood and the master bedroom has internal lighting. The large terraces surrounding the whole apartment offer views of Portimão marina, the river and a little bit of the sea. The apartment is sold fully equipped with top quality appliances and is furnished and decorated with modern and elegant finishes. Nothing has been forgotten, all rooms and decor elements have been thought out to the last detail. The apartment also has 5 full bathrooms, air conditioning and Jacuzzi, 2 storage rooms and 2 parking spaces. The social area with open plan kitchen has been designed with comfort and functionality in mind, providing a perfect transition between the different spaces. The gas fireplace creates a cozy atmosphere and the wine cellar invites you to socialize with friends. Doors and windows with glazing extending from floor to ceiling allow you to take full advantage of the magnificent views.

Additional details

Property type

Residential Properties

Object type

Flat

Price

2 701 979 $

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 (2 701 979 $) 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).