villa for sale Luz, Lagos

This unique property in the prestigious Ponta da Gaivota development offers a rare opportunity to own a fully renovated villa almost twice the size of the average property in the area. With breathtaking panoramic sea views, high-end finishes, and versatile living spaces, this villa is perfect for those seeking luxury, comfort, and investment potential. Key Features: Upstairs: Spacious Living Area: A bright and airy space with reversible air conditioning and a stylish pellet burner for year-round comfort. Designer Kitchen: Fully equipped with high-quality appliances, including a wine fridge, Bora induction cooktop, double fridge-freezer, and premium materials. Bedroom: 1 large en-suite bedroom with modern finishes and direct access to the stunning terrace. Outdoor Living: Expansive terrace with a fully equipped outdoor kitchen, BBQ area, and electric awnings and shutters for added convenience. Luxury Touches: Double-glazed, high-quality windows, and an alarm system for security. Rear Terrace: A spacious and private area with storageideal for creating a garden oasis or recreational space. Downstairs: Independent Living: Features 3 large en-suite bedrooms, each with its own charm and privacy. Modern Kitchen: Open-plan layout with an island, induction cooktop, and direct pool access. Outdoor Amenities: Heated pool (heat pump replacement needed), new terrace tiles, and an outdoor shower. Functional Spaces: Laundry area, guest toilet, and a separate entrance for added flexibility. Additional Features: 18 solar panels for energy efficiency. 500-liter solar water heating system. Covered entry and multiple terraces for seamless indoor-outdoor living. Low-cost utilities: electricity (220V) and affordable water rates. IMI property tax approx. 700 year; optional condominium fee of 30 month. Maintenance costs: 60 month for pool and 50 month for gardening. Why Choose This Property? Versatility: Two independent access points make it ideal for multi-family living or rental opportunities. Investment Potential: Excellent rental yield in one of the Algarve's most sought-after locations. Turnkey Ready: Renovated to the highest standards with furniture available for negotiation. Dont miss the chance to own this one-of-a-kind property in Praia da Luz. Contact us today to schedule your private viewing and explore the endless possibilities this exceptional villa offers! - REF: V1220