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€ 795,000 £ 701,703 $ 947,999

Reference PP761

Olhos D Agua, Central Algarve

Apartment

2 Bedrooms

Built in: n/a

115m2 Build size

€ 6,913 £ 6,101 $ 8,243 / m2 build

Superb 2 Bedroom Apartments on a 5* Resort !

€ 795,000 £ 701,703 $ 947,999

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Key information

Reference: PP761

Apartment

Olhos D Agua, Central Algarve

2 Bedrooms

2 Bathrooms

Ownership Status: Private

Built in: n/a

115m2 Build size

€ 6,913 £ 6,101 $ 8,243 / m2 build

Pine Cliffs is an established 70 hectare luxury resort located 25 Kms west of Faro airport on the Algarve coastline, managed by Starwood Hotels & Resorts. The resort features the 5-star Sheraton Algarve, a Luxury Collection Hotel, and offers a selection of leisure activities with an exclusive 9-hole Golf Course & Golf Academy, Tennis Academy, Health Club, the renowned Porto Pirata Kids Village, Beach Club, 5 swimming pools and over 10 different Restaurants & Bars.

The Pine Cliffs Residence is located in the middle of a pine grove of immense scenic beauty suspended above the sea and next to the Pine Cliffs Resort golf course. Pine Cliffs Residence expresses its very own lifestyle, while benefiting from services it provides through the facility Casa Pine Cliffs, home to the development’s reception, its Mediterranean style restaurant, O Grill, a terrace bar overlooking the swimming pool, the golf course and the distant horizon, a gym, health centre, Deli and swimming pools. Besides these facilities, all other services provided by the Sheraton Algarve Hotel and Pine Cliffs Resort are also at your disposal.

Apart from the existing facilities Casa Pine Cliffs offers owners a new service area which includes:
Reception for Pine Cliffs Residence
Restaurant O Grill, with Mediterranean style décor specializing grilled dishes
Bar with open-air terrace, with magnificent views over the swimming pool and the golf course
Gym and Health Centre, for moments of relaxation, or time spent enjoying physical exercise, if you wish with the help of a personal trainer.
A delicatessen, full of delicious ideas, for everyday as well as rather sophisticated shopping
Outdoor swimming pool, providing a light blue to contrast with the green of the golf course right next to it
Manicured gardens and lakes

With your investment secured, the lifestyle is doubtless the main attraction of the Pine Cliffs Residence, an exclusive and unique location in Portugal. Is this something you can identify with?
Being the owner of a tourist apartment in Pine Cliffs Residence, you are entitled to its private use for 12 weeks per year.

At times when you’re not staying at your apartment it will be managed by the Sheraton Algarve Hotel, which is responsible for the property’s maintenance, administration and marketing services. In this way, your investment will benefit from revenue and increase in value of the property investment as a whole.

Starwood Hotels & Resorts manage Pine Cliffs Resort through the prestigious Sheraton Algarve Hotel. The hotel belongs to the group of properties under the Luxury Collection brand. With approximately 850 properties in 95 countries Starwood Hotels & Resorts is one of the leading hotel groups in the world tourist market.

The investment in joint freehold apartments is an enticing alternative for investors who would like to diversify their property investments and, therefore, Pine Cliffs offers its owners a guaranteed minimum return of 5 % per year, during the first 5 years.

You will receive a percentage from the tourist rental (EBITDA – profits before tax deduction, charges and other applicable deductions), based on the size of your apartment.

Service discounts

Being a property owner your are entitled to discounts for various services within the resort like restaurants and bars, the beauty salon, the children’s village, tennis, laundry, room rates, boutiques and others.

 

Features

  • Pool
  • Air conditioning
  • Garden
  • Furnished
  • Heating
  • Parking
  • Reception room
  • Terrace/Balcony
  • Covered dining area
  • Gym
  • Luxury property
  • Features great views
  • Near bars / restaurants
  • Near shops
  • Near a golf course
  • Near the beach

Key information

Reference: PP761

Apartment

Olhos D Agua, Central Algarve

2 Bedrooms

2 Bathrooms

Ownership Status: Private

Built in: n/a

115m2 Build size

€ 6,913 £ 6,101 $ 8,243 / m2 build

The location: Olhos D Agua, Central Algarve

Between Vilamoura and Albufeira, at the other end of the Falesia beach, is nestled Olhos de Agua, meaning literraly “watery eyes”, or a more broad translation would be “teary eyes”.

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Send your enquiry through now.

Yours sincerely,
Natalia Martins

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