Undisclosed Address Estoi Algarve
7 bed / 10 bath / 6,458 Sq. Ft. / 122,708.46 sq. ft. lot size / Single Family
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$2,119,554 USD
{{listPriceUS ? listPriceUS : listPriceNoSuffix}}
$2,119,554 USD
Experience the charm and spaciousness of this traditional Algarvian residence, nestled within a lush one-hectare garden in the tranquil Estoi area, offering captivating vistas of the countryside and sea. As you approach the property, a meandering cobblestone driveway leads you to the main house. This unique home boasts an original design inspired by the malta cross, with one of its standout features being the central atrium, presently serving as the divide between the owners large and secluded one-bedroom apartment and the five distinct apartments. Located on the eastern wing of the residence, you will discover five well-appointed one and two-bedroom apartments, each thoughtfully furnished and equipped, with select units featuring connecting doors. All apartments possess independent access and private terraces, providing the potential for effortless conversion into a spacious family home. Additionally, the property includes a separate annex. The property also boasts an inviting expansive pool area, ideal for indulging in the delightful Algarvian climate and relaxation. This property offers boundless opportunities for the discerning buyer and is sold with the apartments fully furnished and equipped. Under the current ownership, a thriving boutique self-catering apartment business has flourished, achieving steady year-on-year growth. Managed by the current owners, this establishment consistently garners exceptional ratings ranging from 9.4 to 9.8 on Booking.com. A loyal customer base returns annually, making it an appealing investment prospect for those seeking both a stunning residence and a lucrative income opportunity. To anyone interested in taking over, there will be the possibility to further purchase the equipment (including a fleet of guest-rented cars and machinery to tend to the gardens), the book of business, which already boasts several bookings for 2024, and the website. The business currently focus on short term holiday lets, but could also be converted into long term rentals for D7 visa seekers or retirees. Comprehensive details can be provided to interested parties. Only 20 minutes from Faro Airport and the picturesque coastline, this property enjoys a prime location between the charming village of Estoi and the burgeoning town of Sao Bras de Alportel. Don't let this exceptional opportunity slip through your fingers. Contact us now to schedule a viewing!
property details
Type
Single Family
Status
Active
Year Built
1111
Beds
7
Full Baths
10
Sq. Ft.
645,834
Listing Id
173706
List Office Phone
+1 351 289 324 959
Interior Features
Living Area Units
Sq. Ft.
Full Baths
10
Bathrooms Total
10
Utility & Building Info
Building Area Total
6,458 Sq. Ft.
Price Per Sq Ft
€3,292
Architectural Style
Other
Price History
| date | event | price |
|---|---|---|
|
09/26/2023
09/26/2023
|
Active |
$1,975,000
|
|
09/20/2023
09/20/2023
|
Active |
$2,300,000
|
|
09/11/2023
09/11/2023
|
Active |
$2,467,599
|
|
09/10/2023
09/10/2023
|
Active |
$2,463,975
|
|
09/09/2023
09/09/2023
|
Active |
$2,462,658
|
|
09/08/2023
09/08/2023
|
Active |
$2,463,684
|
|
09/07/2023
09/07/2023
|
Active |
$2,463,394
|
|
09/06/2023
09/06/2023
|
Active |
$2,468,881
|
|
09/05/2023
09/05/2023
|
Active |
$2,471,983
|
|
09/04/2023
09/04/2023
|
Active |
$2,483,525
|
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