Flat 251 м² in Portiman, Portugal

1 150 111 $

4 582 $ /м²

4OWtP

Flat 251m² in Portugal, Portiman. Priced at 980500€ rent photo- #1

Flat 251m² in Portugal, Portiman. Priced at 980500€ rent photo- #2

Flat 251m² in Portugal, Portiman. Priced at 980500€ rent photo- #3

Flat 251m² in Portugal, Portiman. Priced at 980500€ rent photo- #4

Flat 251m² in Portugal, Portiman. Priced at 980500€ rent photo- #5

Flat 251m² in Portugal, Portiman. Priced at 980500€ rent photo- #6

Area

251 м²

Bedrooms

Bathrooms

Luxury 4 bedroom apartment at 8500, Portimão, Distrito de Faro

A fabulous four bedroom penthouse with stunning sea and city views in a luxury condominium in Portima. Located on the eleventh floor, this modern and elegant apartment impresses with its huge terraced area. There is a spacious living room, a fully equipped kitchen and four bedrooms, three of which are suites. All bedrooms, like the living room, have access to a private terrace on the top floor where you can find a south-facing lounge area, enjoy the beautiful views and bask in the sun. The apartment has plenty of natural light. The price includes two parking spaces in the garage and 130 m2 of storage space. The penthouse is part of a four-star condominium which has outdoor and indoor pools (heated), reception, gym, wellness center, restaurant, children's playground and video surveillance. It is also located 1 km from Três Castelos beach, a short drive from Praia da Rocha and within walking distance to all amenities such as sports facilities, golf courses, restaurants, shopping centers and tourist attractions. The apartments and condominium are adapted for people with limited mobility. A fantastic investment for those seeking luxury, privacy, security, stunning sea views and proximity to the beach. Don't miss this unique opportunity Schedule your visit now

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 150 111 $

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 (1 150 111 $) 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).