For The Elite, It’s Tee Time At Portugal’s Algarve Golf Resorts

For The Elite, It’s Tee Time At Portugal’s Algarve Golf Resorts

Original Article by : Forbes

Portugal—an underrated nation of picturesque countrysides, pine forest reserves, and oceanside resorts. Its southernmost Algarve coast sprinkles a savory mélange of sunshine, manicured golf courses, sandy beaches, limestone caves, and glowing grottos. The region’s Mediterranean climate lures 10 million annual visitors, especially European tourists, nature adventurists, celebrities, and high net-worth golf enthusiasts craving an exclusive escape. Here, the luxury amenities and investment opportunities are as enticing as a hole-in-one on a Par 3, only more accessible.

Quinta do Lago boasts three premier 18-hole golf courses.

While the Iberian nation doesn’t claim a highly ranked professional golfer, its courses are world class (and in some cases, for sale). Famed Quinta do Lago (frequent site of the Open de Portugal) consistently ranks as one of Europe’s premier golf and residential destinations, with three prominent 18-hole golf courses—Quinta do Lago North, Quinta do Lago South and the Laranjal Golf Course.

Ria Formosa, a UNESCO protected nature reserve in the Algarve region.

Ocean and the Ria Formosa Natural Park, a UNESCO protected nature reserve in Algarve. Now, amid a $58.2 million upgrade, the resort is expanding with a new residential development—Rerserva at Quinta do Lago, a luxurious lakeside complex and private club at a coveted location near the resort’s links, restaurants and activities.

Model of Reserva Penthouses

Designed by local architect João Cabrita, the D-shaped development will include 26 residences inspired by natural surroundings—13 penthouses and 13 ground floor Garden Residences (each with three bedrooms with en suite bathrooms and private swimming pools with lake, sea and dune views). Reserva at Quinta do Lago prices start from $2.33 million and up.

Reserva Penthouses will boast expansive roof terraces with pools, decks, open-air lounges, and the latest home security and technology (sustainable solar roof panels, climate control and hydraulic under-floor heating). Garden Residences will feature subtropical landscaped gardens and lawns. All residences will be outfitted with contemporary interiors, open layouts, natural stone and phenolic wood finishes, Bulthaup kitchens, premium appliances, and Villeroy & Boch sanitary ware in bathrooms.

Model aerial view of private club at Reserva at Quinta do Lago.

The private resident-only club will include a 24-hour concierge, heated outdoor pool, members lounge, private gym with treatment rooms, and lakeside sun terraces—a short walk from the beach, fine dining and, of course, golf courses.

7 Portugal Golf & Holiday Resorts Hit The Market

Aside from Reserva at Quinta do Lago, seven other golf or holiday resorts hit the Portugal market recently, courtesy of the Oceanico Group and real estate firm Savills. Six of seven sites are in the Algarve region and ripe for investment.

The portfolio includes two signature golf courses, over 300 holiday properties, leisure facilities, and development land—featuring Amendoeira Golf and Leisure Resort; Belmar Spa and Beach Resort; Baia da Luz Residential Resort; Estrela da Luz Leisure Facilities; Jardim da Meia Praia Leisure Facilities; Flor do Mar Holiday Resort development site; and Royal Obidos Holiday Villa development site (located on Portugal’s west coast, by prominent Royal Obidos Spa and Golf Resort).

This portfolio and established businesses can be acquired together with capital receipt generated through ongoing sales of the holiday units. Amendoeira Golf and Leisure Resort, the portfolio’s largest property near Alcantarilha, covers 630 acres, 241 holiday homes, two 18-hole golf courses, and additional sporting facilities such as a nine-hole par 3 course, a clubhouse and expansive development land.

“In the last three years we have seen a surge in our golf course and holiday business performance driven by the quality of our resorts and the enduring appeal of the Algarve as a European and International holiday destination,” said Chris Howell, chairman of Oceanico Group.

Algarve’s popularity and investment surge is most visible on Portugal’s beaches, lakes, runways and copious fairways.

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