House buy in Caldas de Monchique Faro

Sitting proudly in a valley in the foothills of the majestic Monchique mountains, a Golden Visa qualified area, this spectacular Villa offers a lavish lifestyle residential option or profitable investment opportunity. The lovingly nurtured outdoor spaces combined with the unique, grand layout of the interior make up an aesthetically pleasing property of the very highest calibre. 3 bedrooms in the main house and a further 2 in the downstairs poolside annex struggle to convey the true spacious nature of this astounding structure. Upon arrival at the Southern side of Monchique town and down the picturesque cobbled streets brings you to the famous 'Termal das Caldas' natural hot springs. Quaint and charming, this little pocket of nature lies at the bottom of the gentle hill leading the 100 or so metres to the main entrance of the stunning Villa. Conversely and in keeping with the properties individual theme, the front door is at the house's pinnacle, guarded by carved stone statues and enhanced by delightful mosaics believed to be built with the house itself back in 1939. On the immediate right side upon entrance lies a reception area, currently utilised as an office, but what immediately grabs the attention is the sheer openness of the interior. The landing skirts the upper level in traditional gallery style, hugging the wall and leaving the majority of the downstairs reception rooms to maximise the cooling circulation that an open and truly high ceilinged area can provide. Following the path of the gallery brings first the laundry room and guest bathroom. The huge upper terrace is flanked on either side by the main bedrooms. All 3 are en suite and one with bathtub, with 2 facing onto the outdoor and pool area. Noticeable to the bedrooms is the creative use of angles - certainly no box rooms in this property. The terrace is also home to the stunning vista of the lush green mountainside beyond, further mosaics and bird statues guarding the outdoor area! Down to the lower level via the elegant staircase replete with iron railings and the art deco ambience really comes alive. Excellently tiled throughout, the main living room sprawls from east to west wings providing a huge area for entertaining, garnished with an understairs bar. The open plan continues with the dining section morphing into the large kitchen, incorporating an island and door to the lawn and vegetable garden beyond. Double patio doors present the downstairs terrace - the pillars giving a somewhat colonial feel. A wonderful antique chandelier adds the gloss to a remarkable platform - simply ideal for those late evening Summer meals. Towards the staircase to the annex is an extra guest bathroom and a door leading to the traditional concrete washboard dating from 1941. The annex is made up of a kitchenette and generous living quarters. A reception room with 2 bedrooms with fitted wardrobes and living room connecting directly to the sensational pool area. The pool itself is simply, massive. Brand new (May 2022) , it takes pride of place as the jewel in the crown of the many layered sloping gardens. The pool is surrounded by an abundance of space, enough for entertaining large groups in a private atmosphere. Sprinkled around the adjoining land are a delectable mix of trees providing not only avocados, figs, lemons and more, but also a natural canopy offering sun protection. More terrace space, garden water feature and fishpond add the finishing touches to this level. Up the opulently tiled steps to the garden mezzanine and the lawn section gives way to functioning vegetable garden and more fruit trees. The final outdoor section is made up of stone terrace under the shelter of more trees and traditional style pagoda. Stone steps lead up to what would be generally classed as a garage but made of stone, and with windows overlooking the garden and with height enough to introduce a 2nd floor it is so much more. Currently in use as a storage unit / workshop an extra annex could be easily achieved. The house has extra wide double glazed thermal windows with interior shutters and the bedrooms are equipped with mosquito screens. The water supply is the very same as that used in the resort - to reiterate, classed as some of Portugal's best and purest. Rates are very low. Though currently utilised as an idyllic family home, the potential for rental is clear. Each bedroom is en suite and already equipped with number coded locking system. Property prices grew by 13% in Portugal in the first quarter and the country is predicted to achieve the largest growth in the EU this year by the European Commission. Monchique is firmly established amongst the hiking and biking communities, indeed there is an annual 'Festival of Walking' held here. Some of Europe's very best Golf courses are in the area, as is the Formula 1 Algarve circuit. Please follow the link below for the latest area article from Portugal Homes which includes a list of things to do [hidden]/portugal-property/algarve Nearby points of interest - The thermal spring water baths are a minute's walk away -Monchique town centre is just 5.5km away, along with civic amenities including post office, doctors and dentists and supermarkets -The city of Portimao, with it's lively bars and boutiques, amenities and beautiful sandy beaches is a 20km drive away -Bus stop 600m away, in front of the 'Medronho Academy' - home of the famous Algarvian Brandy -55 minute drive from Faro International Airport -Local schools consist of 1 creche, 2 primary and 1 secondary Contact us today to organise a viewing. [hidden] PW3029 * Beds: 5 * Baths: 5 * m2: 520 * Price Per m2: 2,596.15€ * Lot Size: 1332 m2 * District: Caldas Manor, Monchique * Type: Golden Visa 400/500k, Golden Visa Completed, Villa * Property ID #: PW3029