When considering the purchase of a 3-bedroom property in the luxurious Martinhal Resort, the costs can vary based on several factors. This particular townhouse is listed for €650,000, a competitive price given its prime location directly on the beach and within a secure setting. In addition to the purchase price, potential buyers should account for condominium fees of around €8,000 per year, which covers maintenance of the resort's excellent communal facilities and security services.
Investors may also need to consider the IMI (municipal property tax), which is approximately €800 per annum, as well as any costs associated with legal fees and property registration. The advantageous leaseback agreement available tends to attract many buyers looking for rental income, marking this property as a smart investment choice.
As part of a tourist resort, this 3-bedroom townhouse offers not only a home but also the potential for lucrative rental returns, particularly during peak holiday seasons. It’s an excellent location for families or groups seeking to explore the beautiful Algarve coastline, which is known for its pristine beaches and various water activities. With easy access to golf courses, the nearby town, and a range of restaurants, buyers can enjoy a vibrant lifestyle and investment. Interested parties should act quickly to explore financing options and take advantage of this unique opportunity. Reach out today to get more detailed information!
• Living area 138m²
• Garden area 60m²
• Underfloor heating
• Air conditioning
• Fully equipped kitchen
• Year of construction 2010
• Resort facilities
• Walking distance to the beach 600m
Modern property with 3 bedrooms and magnificent views over the unspoiled landscape to the sea. It has east-west orientation with magnificent sunrise and sunset to enjoy from a private balcony The high-quality equipment and the light-flooded rooms offers all imaginable comfort. The property is in a tourist resort, and it has an attractive leaseback agreement on rental programmes. (There is also a 2-bedroom house available for 620.000)
Ground floor:
• Master bedroom with en-suite bathroom
• 2 guest bedrooms
• Separate bathroom
1st floor:
• Living room with dining area
• Open, fully fitted and equipped kitchen
External:
• Garden 60m²
• 2 spacious balconies
Amenities
• Underfloor heating
• Air conditioning
• Fully equipped kitchen
• Beach bars & restaurants
• Supermarket
• Communal pools
• Gymnasium, tennis, padel and football courts
• Children's club and playgrounds
• Electric car & Tesla charging station
•24 hour check in and security
Location
• Distance to the beach 600m
• Distance to the golf course 16km
• Approx 5 minutes drive to town with all amenities
• Distance to the nearest school 9,7km
• Distance to Faro airport 120km
Other Info
It is a touristic resort; the property is not usable as a permanent residence.
