Portugal's Famed Quinta do Lago Enters Final Phase

Portugal's Famed Quinta do Lago Enters Final Phase

» Featured Columnists | By Scott Kauffman | April 9, 2012 10:00 AM ET

(Algarve, Portugal) -- Quinta do Lago, a world-class 54-hole golf resort community along Portugal's famed Algarve coast, is celebrating its 40th anniversary with the launch of final phase of home sites.

The golf and leisure development recently released 23 exclusive plots in the beautiful San Lorenzo North enclave of the resort. With views over Ria Formosa National Park and San Lorenzo Golf Course and access to the resort's fully established facilities, these plots promise an unrivalled combination of seclusion and luxury at one of Europe's most successful real estate developments.

Made famous for its three world-class golf courses, one of which has just been named the No. 1 golf course in Portugal, Quinta do Lago has risen to fame over the last 40 years and is known as one of the Algarve's choice golfing and real estate developments. Now, following months of new investment and upgrading, the resort is reasserting itself as much more than merely a golfing mecca.

Throughout the year, residents and guests alike can indulge in a variety of on-resort pursuits including early morning al fresco Pilates, family tennis lessons, traditional Portuguese picnics, miles of golden sandy beach, lakeside water sports, endless hiking and biking trails as well as a variety of restaurants.

"San Lorenzo North, with its exceptional location and investment potential, proves to be an obvious attraction to investors looking for the ideal holiday destination," Quinta do Lago Director of Property Sales  Joost Last said. "The first phase release, with 4 plots being made available, has generated incredible response particularly from the UK market as it is the latest and one of the very few remaining opportunities to purchase unconstructed land on one of the most sought after destinations in Europe."

Contrasting the existing architecture of the rest of the resort, the new homes in San Lorenzo North will be more contemporary in style and designed by Imaestri, specializing in modernist, cutting edge design. Sites range from 2,200 - 3,000 square meters and offer three purchase options; plot only, plot and project and turnkey.

Two plots from the first release have already sold; both to British buyers, one of which will be moving into his property this month. A show villa is currently under construction designed by Irish architects De Blacam and Meagher and will complete in June. All owners will have the opportunity to enter their properties into the rental pool and with occupancy rates on the resort nearing 100 percent during July and August. This potential for strong rental yields is a comforting factor for buyers, according to Quinta do Lago.

With a mild year round climate, variety of lifestyle pursuits, a sense of community, mixture of contemporary and classic architecture and just 15 minutes from Faro airport, Quinta do Lago's latest release is expected to do well.

Plots in San Lorenzo North range from 2.3 million Euros to 3.5m million Euros. The turnkey show villa is for sale for 5.75 million Euros. All investors will also have the option to select architects from the Imaestri portfolio.

Cordoba Development Sells 73% of Lely Resort Neighborhood

(Naples, FL) -- Cordoba Development LLC has sold 73 percent of the lakefront homes in the Cordoba neighborhood at the private golf course community Lely Resort.

According to Cordoba Development managing partner Mark DiSabato, there are 15 lakefront homesites in the neighborhood and only four remain available for sale.

"The lakefront sites have extraordinary views and are enormously popular with buyers," DiSabato said.  "We have three available homesites and one inventory home available along the lake. "

The inventory home is The Barcelona, a two-story, great-room style home with 2,219 square feet under air and 2,780 total square feet. This four bedroom, three and a half bath home features granite countertops, premium wood cabinetry, oversized ceramic tile, Kitchen Aid stainless appliances and crown molding throughout most of the home.

This residence also features an intimate pool with a long view of the lake and golf course. The home's exterior elevation is Mission-inspired and features hand stained solid wood corbels and a private front courtyard with solid Mahogany front door. The energy-efficient home is now available for $597,900.

"We have a superb selection of single-story and two story homes available in Cordoba," said DiSabato. "Each of the homes offers unique courtyard options featuring a wide array of pools, spas, water walls, fountains, fire pits and more. These are uniquely designed "outdoor living rooms" that provide homeowners with an idyllic, tranquil oases just outside their door."

Cordoba's floor plans range from 1,544 to 2,383 square feet under air. These two to four bedroom homes offer two to three and one-half baths. The standard features for these homes are dramatic upgrades throughout as well as stainless steel Kitchen-Aid appliances, solid Mahogany front doors, granite throughout the kitchen and all baths, high quality tile and 7-1/4 inch baseboard Crown Mouldings. Homes at Cordoba are priced from $349,990.

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