Pine Cliff Terraces, The Algarve
PINE CLIFF TERRACES @ PINE CLIFF RESORT, THE ALGARVE- THE LUXURY COLLECTION
Starting at 1.375.000€ (2-bedroom+1 DUPLEX), 1.650.000€ (3 bed + 1 DUPLEX).
Pine Cliffs Terraces is a unique cluster of contemporary townhouses located in a dream setting. The magnificent blue of the Algarve’s sky blends in with the clear waters of an infinity pool and surrounded by a zen garden setting area. Besides being able to enjoy all of the resort’s facilities, managed by Marriott International, through its The Luxury Collection brand, owners of a Terraces modern villa benefit from living in the tranquility of an exclusive environment. As a property owner of the Pine Cliffs Terraces, you are entitled to special discounts within the resort such as restaurants and bars, Pine Cliffs Golf Course, serenity spa, style hairdresser and Barber, Porto Pirata – Children’s Village, tennis, boutiques, among others.
- Air Conditioning
- 24 hours Security
- Concierge Services
- Golf course and Academy
- Annabel Croft Tennis Academy
- Room Service 24 hours
- Health Club and Gym
- Serenity Spa
- 3 and 4-bedroom villas
- 220 – 285 m2
In regards to the monthly/yearly payments please find below. Monthly/Yearly running costs for Terraces Condominium fee: €2000 per annum Resort fee (use of the facilities i.e. pools, health club, etc.): €850 per annum – optional cost Property Management contract: €3000 per annum approx. – optional cost Utilities (gas, water, electricity): €2.500 approx. depends on consumption Property tax: €1.000 to €1.500 per annum approx. Insurance: €250 per annum approx. Monthly/yearly payments for Villas approximately €25.000 per annum With these options you own the property fully all year round, you may or not rent, the choice is yours. If you decide to rent although not guaranteed The Luxury Collection will take 45% (rental operational costs included) and return to the owner 55% of which you pay your landlord costs.