Contemporary 4-bedroom villa with modern architecture, currently under construction in Vale Formoso

€3,450,000

Vale Formoso, Algarve, Portugal

  • 4 bed
  • 6 bath
  • 634 m²
  • Villa

About this place

Contemporary 4-bedroom villa with modern architecture, currently under construction in Vale Formoso This outstanding villa is situated in the sought-after area of Vale Formoso. It is ideally located only a short drive from local amenities, international schools and the area's renowned resorts. This contemporary design home is perfectly positioned on an exquisite plot, offering 634 sq m of living space spread over three levels. The property features lofty ceilings and light open spaces, complemented by sophisticated interior design and furnishings. The entrance leads through a central, double-height reception area. It has a marble-style veiling staircase, a living space with retracted doors to the exterior terrace, creating that indoor/outdoor feel, and a fully fitted and equipped designer kitchen with an island and breakfast bar. There are four bedroom suites, three on the first floor, all of which benefit from fitted wardrobes. The principal bedroom is a retreat, featuring a walk-in wardrobe with a central island, an open-plan reading and study area, an impressive bathroom and a generously sized terrace with enough space for an optional hot tub. The lower ground level provides access to a 4-car garage, a utility room, a guest WC, and an additional 80 sq m living space that could be converted into a cinema room, bar, fully equipped gym, spa area, and wine cellar. Designed to enhance maximum outdoor living and the famous Mediterranean lifestyle, this property offers panoramic views of the surrounding countryside, an infinity swimming pool with shaded cabanas, an outdoor kitchen & dining area ideal for entertaining, sun-drenched terraces with a fire pit, an organic garden and waterfall, and an optional Jacuzzi. A furniture package is also available for those interested in a turnkey option. Please note that all distances and measurements are approximate and, for security reasons, do not represent the property's exact location. For more information on the precise location of the property and its surrounding area, please contact the listed Property Adviser. Features: Garden, Roof Terrace, Swimming Pool, Terrace, Private Parking, Garden View

Buying property in Portugal

Full guide →

Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.

The buying process

  1. 1

    Get a NIF

    Apply for a Portuguese tax number (Número de Identificação Fiscal). Non-EU residents need a fiscal representative.

  2. 2

    Open a bank account

    Open a local account to handle the deposit, taxes, and ongoing utility payments.

  3. 3

    Engage a lawyer

    Hire an independent lawyer (not the seller's) to run title and planning searches.

  4. 4

    Sign the CPCV

    Promissory contract (Contrato de Promessa de Compra e Venda) with a deposit, typically 10–30%.

  5. 5

    Final searches & funds

    Lawyer confirms clean title; you transfer the balance and pay IMT and stamp duty before completion.

  6. 6

    Escritura (deed)

    Sign the public deed at a notary or via online platform Casa Pronta. Keys handed over.

  7. 7

    Register the property

    Lawyer registers the new ownership at the Land Registry (Conservatória do Registo Predial).

  • NIF (tax number)
  • Portuguese bank account
  • Passport / ID
  • Fiscal representative(optional)

    Required for non-EU/EEA residents

The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023). Mortgages are available to non-residents, typically up to 60–70% LTV.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference

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€3,450,000