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Villa – Silves, Faro, Portugal

12,900,000 €
£10,795,000
  • Total area
    79,000 m²
  • Land area
    79,000 m²
  • Bathrooms
    13
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Features
  • Total rooms: 11
  • Balcony or terrace
  • TV
  • Golf course
  • Swimming pool
  • Garden

A spectacular one-of-a-kind villa for sale in Silves, close to the historic town centre. Includes a main house, guest houses, luxury finishes, cinema and a wellness area — with total privacy and luxurious living. Designed in a mixture of traditional and contemporary styles, this property offers 360 degree views and is set on a large piece of land with many areas to relax and enjoy the Algarve sunset. Additionally, a full service package (house cleaning, gardening, maintenance and guarantee on technical equipment, basically offering the experience of moving into a new house) can also be included with the purchase. The villa comprises of the following: — 3 bedrooms and 7 bathrooms (3 ensuite) — Reception lounge — Living and dining room — Kitchen — TV lounge and games room — Three car garage — Walk-in-fridge and food storage room — Drive-in-storage hall — Indoor-outdoor pool — Spa with regular and infrared sauna — Massage room — Home cinema — Elevator The rooms are spacious and natural light fills the house. The floors are covered in travertine stone slabs and the doors are a rich walnut wood. The products have been selected carefully to complement the design of the house. There is an option to increase the number of bedrooms and bathrooms in the main house as per plans that were designed initially. The first guest house comprises of 2 bedrooms, 2 bathrooms, a fully equipped kitchen and living room. The second guest house comprises of 4 bedrooms, 2 bathrooms, a fully equipped kitchen, living room and a discrete outdoor shower area. The staff accommodation comprises of 2 bedroom, 2 bathrooms and 2 kitchen/living areas. Included with the purchase of this estate an option can be offered, for the new owners to produce their own wine from their own vines while taking full advantage of an established wine-making team and installations. A complete turn-key experience that allows full control, while the work and operations are outsourced. Additionally several surrounding land plots may also be included in the sale. This will allow for more privacy or even the construction of anther guest house. This amazing property is located in a very central location and is close to all local amenities such as supermarkets and cafes, only minutes away from various beaches, as well as Silves Golf Course and an international school if you are looking to relocate the whole family to the Algarve. This is a unique opportunity to own a property that caters for all your needs. Silves is one of the oldest towns in central Algarve, with its rich history, built on the banks of the River Arade. The river represented an important historic time as it was the main link between the hinterland and the coast. Faro International Airport, is a mere 40-minute drive from the property.

Extra opportunities

The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.

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    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other houses for sale in Portugal.

You can see more houses for sale in Silves elsewhere on our website.

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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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      Ekaterina Maslova
      Ekaterina Maslova,
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      How to buy property with Tranio

      Enquiry

      Send us an enquiry with an approximate description of the property or investment project you’re interested in.

      Meeting the partners

      After clarifying your enquiry, we will introduce you to our partners and/or local agents.

      Offer selection

      We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

      Viewing tour

      You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

      Transaction closure

      Having chosen the best property, you will sign the sales or investment agreement (for development).

      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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