Penthouse in Rua Doctor Guerreiro Ascensão, Nn, Centro, Montenegro
Penthouse in Rua Doctor Guerreiro Ascensão, Nn, Centro, Montenegro — image 2Penthouse in Rua Doctor Guerreiro Ascensão, Nn, Centro, Montenegro — image 3Penthouse in Rua Doctor Guerreiro Ascensão, Nn, Centro, Montenegro — image 4Penthouse in Rua Doctor Guerreiro Ascensão, Nn, Centro, Montenegro — image 5
apartmentmid-range

Penthouse in Rua Doctor Guerreiro Ascensão, Nn, Centro, Montenegro

Faro · Eastern Algarve ·

€660,000

Asking Price (EUR)

Limited comps — indicative only

Revenue projections are based on limited comparable data (0 comps, low confidence).

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.2 months ago and is currently at 18% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.76, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

True Investment Cost

Portuguese transfer tax (IMT) + stamp duty (IS) + notary + registration + legal + renovation + full furnishing & STR launch setup.

€748,730

+13.4% over asking

Asking price€660,000
IMT — Property transfer tax (investment schedule)€39,600
IS — Stamp duty (0.8%)€5,280
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,900
Total acquisition costs€56,030
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€32,700
All-in investment (incl. renovation & furnishing)€748,730

Estimates use Portugal's investment IMT schedule (non-permanent residence). Actual notary & legal vary; budget +€500–1,000 for surveyor, due-diligence and bank-mortgage fees if financing. Renovation cost is a heuristic on property condition × m² — verify with a site visit. Furnishing uses finish-level-tiered rates covering beds, living, kitchen, electronics, AL licence, linens & professional photography. Working capital (2-3 months operating buffer) not included.

Bedrooms: 3
Bathrooms: 2
Building: 171 m²
Style: contemporary
Condition: excellent
Year Built: 2009
Energy Certificate: C
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rooftop terracejacuzzipergola with shadepotted plants and greenery

Description

Magnificent 3 bedroom penthouse with terrace of more than 100m2 offering breathtaking views of the Ria Formosa. Located in Montenegro, close to Faro, in a quiet environment with amenities and services within walking distance, and less than 10 minutes from Faro beach. Come and discover this exceptional property with i

Location

📍 37.0230°N, 7.9611°W

· Faro, Algarve, Portugal

View on Premier Algarve Property →Also on Idealista.pt
Penthouse in Rua Doctor Guerreiro Ascensão, Nn, Centro, Montenegro
Idealista.pt
Source verified

Penthouse in Rua Doctor Guerreiro Ascensão, Nn, Centro, Montenegro

Faro · Eastern Algarve · Freehold · Ref BF-1688
Ownership
Freehold
Bedrooms
3
Bathrooms
2
Built area
171 m²
True net yield
0.0%
0

Property details

Year built: 2009
Energy: C
Condition: excellent

Description

Magnificent 3 bedroom penthouse with terrace of more than 100m2 offering breathtaking views of the Ria Formosa. Located in Montenegro, close to Faro, in a quiet environment with amenities and services within walking distance, and less than 10 minutes from Faro beach. Come and discover this exceptional property with i

Income Breakdown

Figures are modelled estimates derived from comparable short-term-rental data — not guaranteed returns or financial advice. Do your own due diligence before investing.

Short-Term Rental

No STR data available for this property

Long-Term Rental

No long-term rental data available

Not enough comparable rentals in this area

Airbnb Comp Analysis

No nearby Airbnb listings found

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Faro.

$2.3M$1.7M$1.2M$578K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Today: $660K
Capital appreciation
Property value growing at +4%/yr based on Faro market trends.
Year 5
Capital Value
$803K
+22%
Year 10
Capital Value
$977K
+48%
Year 20
Capital Value
$1.4M
+119%
Year 30
Capital Value
$2.1M
+224%

Location

Faro

Eastern Algarve, Approximate area

Loading Map...

Ask Brixfox AI

Conversational analysis — questions about this listing, answered from real data.

Try one of these

Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Weak
0.0% annual return
Occupancy
Weak
0% average occupancy
Nightly Rate
Weak
$0 per night
Visual Appeal
Strong
9/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Stunning visuals with 9/10 instagrammability — commands premium nightly rates
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 0.0% is below the market average — model your cashflow carefully

Consider carefully. Returns are below market average for this price point.

Inquire — direct to the agent

Your message goes straight to the listing agent. No middleman, no markup.

Your inquiry will be sent directly to the listing agent.

Data Sources & Methodology

ROI calculations use verified Brixfox Intelligence rental data from a 12-month trailing window. Opex: 20% owner-managed, 45% fully-managed. Market factors in Portugal may impact actual yields.

Asking price · Freehold
$717,391
0.0%
Net yield
View original listing
Source verified · Idealista.pt · listed 3 May 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.