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The River House - NYC Style Lofts in the Algarve. Prepare yourself to fall in Love! ☀⛵❤

The River House - NYC Style Lofts in the Algarve. Prepare yourself to fall in Love! ☀⛵❤

Luxury lofts in prime real estate with stunning views at a very reasonable price. You will be a smitten kitten at first sight.
 
 
 
 

Ever travelled somewhere and fallen in love, not with a person necessarily but with a place? Somewhere that calls your name and fills you with peaceful calmness, where you just feel at home? Even though home is actually hundreds or thousands of miles away? And you're left pondering - What If...? 

What if, you could split yourself in two? What if, you started a new chapter in life? Or what if, you could get the best of both worlds - the ability to spend time where your heart calls, and where it could pay for itself, maybe even make you money... Exciting possibilities to bring this enchanting place into your life start percolating in your veins...

If you've ever experienced this feeling, you know the joy of imagining the future ahead. If you haven't had the pleasure, be warned, you may succumb on visiting the property we're about to show you: Casa do Rio (The River House). This unique and historic property was originally built in 1869 as a storage facility to support a family owned cannery business. After being abandoned for many years it is now being brought back to life as a modern NYC type loft conversion, which also aims to keep the romantic and traditional architectural style - as well as the absolutely stunning views. The second phase of the development keeps the same views but is demure in nature so not to detract from the appeal of the original structure. A design philosophy that provides both old world charm and ultra modern styling. 

Found in a stunning location, this development is a true gem with views you will never want to unsee. Located on the edge of the Rio de Arade in Mexilhoeira, which falls under the municipality of Portimão, means you have an unlimited option of things to do from restaurants, markets, sports, social life and shopping. The river itself runs 75km, spans between Portimão and Lagoa, up to Silves and its mouth empties into the Atlantic Ocean. A floating dock is located just below the property allowing you to find yourself a means of riding these waters whenever you choose, if daring maybe joining the annual powerboat competition, or simply hiring yourself a guided tour when the want arises. Whichever you choose exploring the Algarve by water is highly recommended. 

With so much happening nearby you can choose to be in the mix of it all or simply - opt out. Opting in instead for the quiet grandeur few have the privilege of experiencing from the comfort of home. Views of the past and future well articulated in each river ripple that sways you back and forth in time. And with each passing hour the luxury of a captivating glitter spectacle that draws you in like a great master's canvas. There are properties and places that are wonderful, then there are those which tempt uniquely and seductively, or as Portuguese poet Camões professed - 'Love is the fire that burns unseen.'  

We suggest you not let this one of a kind property pass you unseen. Take our walk through with John and book a viewing trip to experience how to make this property part of your future, we're confident you won't regret it.  

 
 
 
 
 
 

Individual Units;
IDH30528 - €170,000 - T1
IDH30686 - €210,000 - T1
IDH30685 - €235,000 - T1
IDH30525 - €300,000 - T2
IDH30529 - €300,000 - T2
IDH30687 - €340,000 - T2
IDH30688 - €380,000 - T2

The exterior of building has been renewed and updated as it can not be modified, meaning it keeps its traditional Portuguese aesthetic where possible. The interior, however, has been completely renovated to a modern standard with high specifications and stylish interior design. There are 2 buildings, the first completed and comprised of 5 apartments, 3 on the first floor and 2 on the top floor. The second building is still under construction, due to be complete by the end of September 2018, and is comprised of 4 apartments, 2 of which are on the first floor and still available. 

All units are designed with an open plan layout with fully fitted kitchens and depending on the apartment they will be either a T1 or T2. The T1's will have 1 bathroom and the T2's will have 2 bathrooms, 1 an en-suite, 1 a guest bathroom as well as a WC. Along with this they will all have their very own private terraces to be able to enjoy the panoramic views of the Rio de Arade. 

A garage will be available to all residents which can be found on the ground floor, you will also have access to the communal infinity swimming pool and terraces ares - a perfect spot to enjoy the most picturesque sunsets and passing boats. 

Below get an inside peak at just some of the views from units inside the historical building still under construction.

 
 

Additional Features: 

  • Integrated Appliances
  • Premium Appliances
  • Double Glazed Windows
  • Premium Fixtures
  • Fitted Wardrobes
  • Landscaped Gardens
  • Surrounding View
  • Private condominium
  • Central location
  • Near Medical Facilities
  • Contemporary Architecture
  • Near Golf Course
  • Private Parking

Financing: 
Investment financing is available with interest rates as low as 1.75%

Rental Income Simulation (2 Bedroom): 
Approximate bookings based on seasonality. 
High Season - 12 weeks at €1200 p/w
Mid Season - 10 weeks at €900 p/w
Low Season - 8 weeks at €600 p/w

Rental figures may vary depending on number of guests and can vary slightly depending on quality of final furnishings. Appropriate setup licences, insurance, etc., required for legal rentals will apply and can all be managed by Ideal Homes property management and rental services. Ideal Homes ensures owners retain 90% of rental income. 
 
Bespoke Viewing Trips  
Come on a viewing trip tailored to your exact property search specifications. We will introduce you to finance, tax, legal, property management specialists, and ensure all of your questions about buying overseas property are addressed book your trip! 
 
Competitive Mortgage Rates
Need financing for your real estate investment? A variety of competitive Portuguese Mortgages are available with interest rates as low as 1.75%. Contact us for a free consultation.
 
Property & Rental Management 
Buying a holiday home or have one and wondering how to manage it while you are away, or better yet looking to rent it for income? Worry not, from picking up your mail through to full rentals management we have you covered
 
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Ideia Fabulastica Mediacao Imobiliaria Unipessoal Lda
Vila Sol, Alto do Semino, Lote E, Loja 1, 2 + 3
Quarteira. Portugal. 8125-307


Tel: 0800 133 7644 / +351 289 513 434
Monday - Friday 10am/7pm, Saturday 10am/5pm

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