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What budget should I allow for an off-plan three-bedroom apartment at a five-star Algarve resort?

Apartment in Ferragudo

ref. PQH2451
11.506.466NOK
  • A
  • 3
  • 2
  • 121m2
  • Modern Construction
  • Alojamento Local

Buyers should allow €1,116,000 for a first-floor off-plan three-bedroom apartment at this five-star Algarve resort. That purchase price applies to the available first-floor apartments, which are located between Ferragudo and Carvoeiro. The development is scheduled for completion in 2026, with construction taking approximately two years. In addition to the purchase price, buyers should budget separately for applicable taxes, legal fees, furnishing, finance and ongoing ownership costs. The apartment offers 121m² of living area and approximately 237.75m² of construction area. A substantial 113.75m² outdoor area adds valuable space for entertaining and enjoying the Algarve climate. Sea and countryside views are framed by floor-to-ceiling glass patio doors and frameless terrace balustrades. The open-plan living and dining room is paired with a fully fitted Bosch kitchen. Three bedrooms include a master suite with en-suite bathroom and fitted wardrobes. A further double bedroom with fitted wardrobes and a third double bedroom share the family bathroom. Porcelanosa tiles and bathroom ware contribute to the luxury specification. Bathrooms include underfloor heating, while the apartment also benefits from heating, cooling and ventilation systems. Solar-control double glazing and electric shutters support comfort in the bright southern climate. Underground parking and landscaped communal gardens are included in the resort setting. Owners have access to an exclusive pool as well as five-star facilities including a spa, gym, yoga studio and sports areas. Dining and social amenities include a restaurant, rooftop tapas bar, cocktail bar and juice bar. The outdoor cinema and night observatory provide distinctive leisure experiences for residents and holiday guests. Praia dos Caneiros is approximately 1.4 kilometres away, Gramacho Golf Course is 2.4 kilometres away and Carvoeiro is about 2 kilometres away. The property can be used as a permanent home, holiday base or rental investment, although buyers should obtain independent financial advice before committing. Contact us today for the payment schedule, floor plans, availability and guidance on buying this off-plan Algarve apartment.

Usage
Residential
Type
Apartment
Town
Ferragudo
Parish
Estômbar e Parchal
Municipality
Lagoa, Faro
Region
Algarve (West)
Construction Year
2026
Rooms
5
Bedrooms
3
Bathrooms
2
Floors
1
Living Area
121 m²
Usable area
237 m²
Balcony/Patio area
114 m²
Tarmac
Underground Garage, Autom. Garage Door, Parking outdoors
Open Plan
Balcony/Terrace
Fully Fitted, Fully Equipped
Fitted Wardrobe
1 Family Bathroom, 1 En-Suite
Underfloor Heating in Bathroom, Forced Air Heating & Cooling System, Ventilation System
LED lighting, Fibre Optic Internet
Double glazing, Electric Shutters/Blinds
Indoor Pool, Outdoor Pool, Communal
Landscaped, Communal gardens
Resort facilities, Reception, Spa, Gym, Yoga, bar, Restaurant, Tennis court
Countryside View, Sea View
Modern Construction
• Living area 121m²
• Construction area 237.75m²
• Year of completed construction 2026
• Build time approx. 2 years
• 3 Bedrooms, 2 Bathrooms
• 5 Star resort facilities
• Distance from Beach 1.4km

These 2 luxury three-bedroom apartments, close to Gramacho Golf course and Praia dos Caneiros 5 minutes drive away. Both apartments are located on the first floor and benefit from extra-large outdoor areas. The apartment interiors are stylish, and fitted with Porcelanosa bathrooms and floor tiles and fully equipped Bosch appliances in the kitchen. The contemporary design features include floor to ceiling glass patio doors and glass balustrades on the terrace to enjoy the beautiful Algarve scenery and resort surroundings. This block - already under construction has its own exclusive communal pool, and nestles within the resort in an elevated position. Owners will have access to all of its 5 star facilties which include, a wellness building for yoga, gym and spa, juice bar, rooftop tapas bar, restaurant, outdoor cinema and night observatory to name a few. The apartment is suitable for permanent residence, holidays or for rental investment.

Each apartment comprises:
• Open-plan living/dining
• Fully fitted and equipped open-plan luxury kitchen
• 1 master bedroom with en-suite bathroom & fitted wardrobes
• 1 double bedroom with fitted wardrobes
• 1 double bedroom
• 1 family bathroom
• Outdoor area of 113.75m²

External
• Underground Parking
• Beautiful, landscaped gardens
• Reception
• Luxury spa, gym, yoga studio & multi-use sports facilities
• Restaurant, tapas & cocktail bar
• Exclusive use indoor-outdoor pool

Price:
• 1st floor only - 1,116,000€

Amenities

• Bosch appliances & matte units
• Porcelanosa tiles and bathroom ware
• Frameless glass balustrades on terrace
• Floor to ceiling glass patio doors
• Underfloor heating in bathrooms
• Fitted wardrobes
• Security entrance door
• Solar control double glazing, with electric shutters
• Hi-spec heating and cooling system
• Hi-spec ventilation system
• Pre-installation for security system
• Recessed lighting
• Fibre speed internet

Location

• Distance to sea: 960m
• Distance to nearest beach: 1.4km, Praia dos Caneiros
• Distance to golf: 2.4km, Gramacho
• Distance to nearest town 2km, Carvoeiro
• Distance to Faro airport: 65.5km (A22)
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