Cerro da Águia

Olhos de Agua | Algarve

A Haven of

Villa Sophistication

View Photos Watch Film 360° VTour Open House

Westmark

Presented At

€660,000

Bedrooms

Bathrooms

Living

2,530

SQM

Fireplace

Office

Stone Countertops

Air Conditioning

Washer Dryer

Laundry Room

Terrace

Parking

Garden

Balcony

Gate

Pool

Water View

Waterfront

Oceanfront

Privacy

Investment Property

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Cerro da Águia

Olhos de Agua | Algarve

Cerro da Águia, Algarve, Olhos de Agua, Algarve, Portugal. , Olhos de Agua , Algarve

Traditional Charm Meets Endless Opportunity – Semi-Detached Villa with Annexes in Albufeira

Just two minutes from Albufeira’s charming Old Town lies a truly special property — a semi-detached villa that beautifully blends the authentic charm of a traditional quinta with the comfort and convenience of modern living. Set on a large urban plot with open views, this property offers complete freedom and privacy, while still being close to everything Albufeira has to offer.

This is a proper family home, a place where traditions are kept alive — Sunday roasts with the whole family, summer celebrations with friends, and unforgettable moments shared throughout the seasons. The heart of this home is its amazing south-facing terrace with a charming covered porch feel — the perfect spot for year-round al fresco dining, cozy gatherings, or festive celebrations.

The main house follows a traditional farmhouse layout that perfectly separates the living areas from the sleeping quarters. It offers three bedrooms, including a spacious master suite with ensuite bathroom, while the other two bedrooms share a convenient Jack & Jill bathroom. Each room is equipped with double glazing and air conditioning, ensuring comfort throughout the year.

The bright and spacious living area opens directly onto the terrace through large sliding doors, creating the ideal indoor–outdoor flow. The large kitchen truly is the heart of the home — a place to gather, cook, and share meals with family and friends. For those with an entrepreneurial spirit, the space is perfect for a traditional breakfast setup if you envision creating a charming bed & breakfast.

Adding to its uniqueness, the property includes two separate, self-contained annexes, each with private entrances. These versatile spaces offer excellent potential for guest accommodation, holiday rentals, or long-term lets. They could also serve perfectly as staff housing for anyone looking to run a business locally — providing independence and convenience while remaining connected to the main home.

Outside, the expansive garden area offers endless opportunities for further development. As part of the urban plot, this space could easily accommodate a swimming pool and leisure area — transforming the property into a mini resort or boutique guest retreat.

The bonus to this property is a 8000 liter water cistern that offers your private water supply when the mains water fails. This water is very well usable to irrigate the garden and fill your pool when you decide to built one.

Only those with the right vision will see the immense potential here — this property is truly a diamond in the rough. Whether you’re looking for a warm family home, a lifestyle change, or an investment with strong returns, this is a rare find in a market where such opportunities have become increasingly scarce.

Location highlights:

2 minutes’ drive from Albufeira Old Town

4 minutes from Albufeira’s most iconic beaches

All amenities within a 5 km range

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Cerro da Águia

Olhos de Agua | Algarve

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Property Location

Cerro da Águia, Algarve, Olhos de Agua, Algarve, Portugal., Olhos de Agua Algarve

Local Weather & Climate

Olhos de Agua, Algarve

Current Conditions Updated recently

51 °F

Scattered clouds

Feels Like 49°F

Humidity 69%

Wind 5 mph

Visibility 6.2 mi

Sunrise 7:12 AM

Sunset 6:20 PM

5-Day Forecast

Mon 23 Feb

Clouds

High 62°

Low 51°

Tue 24 Feb

Clouds

High 63°

Low 54°

Wed 25 Feb

Rain

High 64°

Low 54°

Thu 26 Feb

Clear

High 64°

Low 51°

Fri 27 Feb

Clouds

High 64°

Low 53°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Olhos de Agua?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

€

Down Payment

€100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (Portugal)

€0 Est. First Year Interest Deduction

€0 Est. Annual Tax Savings

*Maximum annual deduction is €296. Property must be permanent residence. Phasing out for higher incomes.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for Portugal. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on Portugal tax year 2025 (fiscal year: January-December). Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$660,000

Cerro da Águia, Algarve, Olhos de Agua, Algarve, Portugal.

Olhos de Agua, Algarve

5 Beds

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Market Opinion

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Our perspective on current market conditions in Olhos de Agua. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis

International luxury real estate typically appreciates steadily over time.

Buyer Score

Estimated regional appreciation: 4% annually

Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $66,000,000 20% down ($13,200,000)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$5,671/day

Your home may appreciate while you sleep

$39,809/week $172,504/mo $2,070,048/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$281K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 8% advantage over stocks

-$36.3M

+$51.5M

$51.5M Potential Equity

vs $36.3M lost to rent over 10 years

$13.2M Down Payment Growth

3.9x

10yr

$51.5M

8.1x

20yr

$106.7M

12.6x

30yr

$166.7M

Wealth Comparison

×397

Equivalent to 397 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $166.7M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

22.4

years

Market-Based

3.14% effective/yr

15.3

years

Optimistic

4.62% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $77.7M +18%

Market $89.9M +36%

Optimistic $103.7M +57%

$51.5M est. equity

20 Years

Conservative $91.5M +39%

Market $122.4M +85%

Optimistic $163.0M +147%

$106.7M est. equity

30 Years

Conservative $107.8M +63%

Market $166.7M +153%

Optimistic $256.1M +288%

$166.7M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does Cerro da Águia, Algarve, Olhos de Agua, Algarve, Portugal have?

This house at Cerro da Águia, Algarve, Olhos de Agua, Algarve, Portugal features 5 bedrooms with 2,530 square feet of living space.

What is the size of Cerro da Águia, Algarve, Olhos de Agua, Algarve, Portugal?

This property offers 2,530 square feet of living space.

What is the listing price for Cerro da Águia, Algarve, Olhos de Agua, Algarve, Portugal?

This property is listed at $66,000,000, which equals $26087 per square foot.

Is now a good time to buy a home in Olhos de Agua?

Based on current market indicators, Olhos de Agua shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is Cerro da Águia, Algarve, Olhos de Agua, Algarve, Portugal?

This is a house located in Olhos de Agua, Algarve. The property is situated in an established neighborhood with convenient access to local amenities and services.