Villa in Olhão

€ 1,320,000 For Sale

V-LTV

Olhão, Faro

Moncarapacho

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Description

Nestled just on the outskirts of the charming village of Moncarapacho and a mere 5 minute drive from the stunning Fuzeta Beach, lies this magnificent 8 bedroom villa with swimming pool and mature tropical gardens, offering a plethora of accommodation options. Currently operating as a thriving holiday rental business, this property features a beautifully appointed and spacious main residence, along with an additional 6 apartments (studio and 1 bedroom units). The versatility of this property allows for easy adaptation to suit any family's needs. The main residence (115 m2) of the property boasts a grand covered terrace with a private entrance, a chef friendly kitchen, a hallway, a bright and airy living / dining room, two generously sized bedrooms (including a Master bedroom with a cozy wood burning stove) and a spacious family bathroom. The commercial side of the property consists of 6 independent studios / apartments, with 3 units on the first floor offering sea and country views, and 3 units on the ground floor, each with private sun terraces overlooking the expansive swimming pool and surrounding sunbathing terrace. With modern conveniences including 78 photovoltaic panels for electricity, solar panels for hot water, reversible air-conditioning as well as full plot coverage for fiber optic internet, this property offer a very comfortable living experience yet with manageable operating costs. Adjacent to the main residence, the property also boasts a separate garage and detached laundry room ( or additional accommodation ). Nestled further away from the main villa, there is ample space to accommodate motorhomes on several pitches, complete with water and electricity points, as well as laundry, shower and toilet facilities. Whether you wish to continue the successful holiday rental business or transform this property into a fully functional family home, the possibilities are endless. This property has the potential to appeal to a wide range of prospective buyers.

MONCARAPACHO

TOP THINGS TO DO IN MONCARAPACHO
1. Monterosa Olive Oil Farm
2. Ilha da Fuzeta
3. Novacortica Cork Factory Tour
4. Canastra
5. Bela Romao Croquet Country Club
6. Mercado de Olhao
7. Your Algarve Adventure
8. Casa Do Povo do Concelho de Olhao
9. Praia do Barril
10. Ilha da Culatra

FARO
The Algarves capital has a more distinctly Portuguese feel than most resort towns. Many visitors only pass through this underrated city, which is a pity, as it makes for enjoyable exploring. It has an attractive boat marina, well-maintained public parks and plazas, and a picturesque cidade velha (old town) ringed by medieval walls. The old town's winding, cobbled pedestrian streets, squares and buildings were constructed in a melange of styles and are home to museums, churches, a bone chapel and numerous al fresco cafes, restaurants and bars.

OLHAO
To discover the hidden charm of Olhão visit the top of the main church tower and see the the hundreds of roof terraces - the "açoteias" -, typical of the Algarve, which create a unique urban panorama. On street level it is worth wandering through the fishermen's quarter, which stands between the quay on the Ria Formosa and the main city church. The houses here are small and white, their walls topped with bands of geometric decoration that are in effect the verandas of the roof terraces. The streets that border the Avenida da República, itself a symbol of the urban development that took place at the turn of the century, reflect a city of industrials and ship-owners who grew rich from the fish processing business and trade, displaying their wealth by decorating their homes with verandas, tiles, carved stonework and wrought iron.

Any tour of Olhão should end among the refreshing gardens and open air cafés to be found along the long quayside. It is also worth a visit to the colourful atmosphere of the market, where the stands sell fish straight from the sea, fresh vegetables and sweet fruit from nearby farms.

No visit to Olhao should take place without a trip to the islands of Armona and Culatra via ferry or private water taxi and which can also provide an opportunity to take a trip along the Ria and visit many different quiet and attractive beaches.

COMPASS PROPERTY SALES
We are a fully licenced (AMI 17591) real estate company with a vastly experienced team that have an abundance of local knowledge, focusing on property sales predominantly in and around Tavira and the Eastern Algarve. The company was established to offer all our property buyers and sellers alike, a highly professional, friendly and approachable service ensuring a smooth and problem free sales process. Contact us or visit us now to chat in more detail about how best we can help you find the perfect property in the beautiful Algarve. The main office of Compass Property Sales, with ample parking directly outside, is located on the west side of Tavira just 300 metres from the landmark Sail Roundabout.

Official Mortgage Partner

Portugal Mortgage Brokers

Portugal Mortgage Brokers, licensed by the Bank of Portugal, are a free independent service working with all Portuguese banks. We specialise in offering mortgage information to residents and non-residents purchasing a property in Portugal, whether it be for a main residence, secondary home, investment, construction loan or renovation loan. We act as mortgage brokers to find you the most suitable and competitive mortgage program in the market. A simulation showing all costs is provided and an affordability check is carried out before submitting, we can then reach an official approval with the bank within 2 weeks of receiving your documents.

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