Armação De Pêra (Silves)

Green-Acres Property Listing - Portugal

Property Details: Rooms: 0 Bedrooms: 2 Price: 575,000 EUR

Agency: Sotheby's Carvoeiro

Description: Two-bedroom Penthouse with direct sea views in Armação de Pêra, Silves, Faro. Located on the seventh and top floor of the Nau Bérrio building, it combines privacy, south- and west-facing aspects and an 81.6 m² balcony, just a few minutes’ walk from the beach. With a gross construction area of 169.3 m² and a gross private area of 84.7 m², this furnished apartment comprises two bedrooms and one bathroom. The property is in good condition, and the building is serviced with 2 Elevators. While there is no garage, parking is available nearby. The outdoor space /balcony surrounds the Penthouse and invites dining with sea views, sunbathing and socialising at sunset. Its 81.6 m² offers scope to create distinct areas and explore the installation of a hot tub, subject to technical assessment and the relevant approvals, enhancing the experience of coastal living. Restaurants and cafés are one to two minutes away on foot, supermarkets three to seven minutes, and a clinic five minutes. Schools are a twelve-minute walk away, while a public swimming pool with a lounge area is just one minute away. With direct bus links to Lisbon and other destinations. The EN125 is a six-minute drive away and the A22 twelve minutes. The railway station is fifteen minutes away by car and the hospital twenty-five minutes, providing access to services and destinations throughout the Algarve. Suitable as a permanent residence, holiday home or investment, the property offers potential annual income exceeding €35,000 from short-term holiday rentals, according to the estimate provided and subject to legal requirements. The construction of a four- to five-star hotel nearby has brought investment in improvements to the seafront, which could further enhance the area’s appeal, demand and property values upon completion.