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House in Vale das Hortas - Tapada da Penina, Alvor
House in Vale das Hortas - Tapada da Penina, Alvor — image 2House in Vale das Hortas - Tapada da Penina, Alvor — image 3House in Vale das Hortas - Tapada da Penina, Alvor — image 4House in Vale das Hortas - Tapada da Penina, Alvor — image 5
Grade Avillaluxury

House in Vale das Hortas - Tapada da Penina, Alvor

Portimão · Western Algarve ·

€1.8M

Asking Price (EUR)

8.9%

True Net Yield (Owner, all-in)

6.5%

True Net Yield (Managed, all-in)

10.6%

True Gross Yield

53%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.8 months ago and is currently at 24% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.77, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €221,241/yr
Average Daily Rate: €1140
+33.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), Has pool (0%), Has view (+10%), Luxury finish (+8%)
Payback Period: 14.5 years
5-yr Capital Value: €2.1M
10-yr Capital Value: €2.5M
Brixfox Score: 84.7 / 100
Comparable Properties: 5
Data Confidence: 70%
Search Radius: 3 km

True Investment Cost

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

€2.1M

+13.7% over asking

Asking price€1.8M
IMT — Property transfer tax (investment schedule)€138,000
IS — Stamp duty (0.8%)€14,720
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€27,600
Total acquisition costs€181,570
Renovation€0 — move-in ready
Furnishing & STR launch (5bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€71,000
All-in investment (incl. renovation & furnishing)€2.1M

Gross yield (asking price)

12.0%

True gross yield (all-in)

10.6%

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: 5
Bathrooms: 6
Building: 437 m²
Land: 4480 m²
Style: contemporary
Condition: excellent
Year Built: 1994
Energy Certificate: D
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

golf course frontagelarge private plotmultiple outdoor living areasspacious open-plan interiors

Score Breakdown

ROI
22.8
Visual Appeal
14.2
Ownership Security
13
Location
8.4
Land & Space
12
Rental Demand
5.32
Payback Speed
5
STR Suitability
4

Description

Where else can you find a huge 4.480 m2 property, with 437,10 m2 of gross construction area, out of which 398,75 m2 are private gross area, holding a 5 bedroom non overlooked modern house, directly facing the golf course, offering stunning views over the greens and golfers passing by? Only here at PENINA 60, North of t

Location

📍 37.1290°N, 8.5910°W

· Portimão, Algarve, Portugal

Visit Engel & Völkers Portim​ão →Listed via Idealista.pt
5-bedroom freehold villa in Portimão — photo 1 of 5
Engel & Völkers Portim​ão
5-bedroom freehold villa in Portimão — photo 2 of 5
5-bedroom freehold villa in Portimão — photo 3 of 5
5-bedroom freehold villa in Portimão — photo 4 of 5
5-bedroom freehold villa in Portimão — photo 5 of 5

House in Vale das Hortas - Tapada da Penina, Alvor

Portimão · Western Algarve · Ref BF-2557 Source verified · Engel & Völkers Portim​ão · listed 2 Jun 2026
Asking price · Freehold
$2,000,000
View original listing
Ownership
Freehold
Bedrooms
5
Bathrooms
6
Built area
437 m²
Land
4480 m²
True net yield
6.9%
≈ $20,228/mo net after costs & tax
5-yr total return (net + appreciation)
12.4% / yr avg
Payback in ~14 yrs from rent
Brixfox Score 85 · A

What nearby Airbnbs actually earn

Brixfox tracks the live availability calendars of Airbnb listings around this property. The rates and occupancy below are observed from real bookings — this is the data behind every yield figure on this page.

Location

Portimão

Western Algarve, Approximate area

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Airbnb Comp Analysis

Finding Airbnb comps...

Property details

Year built: 1994
Energy: D
Condition: excellent

Description

Where else can you find a huge 4.480 m2 property, with 437,10 m2 of gross construction area, out of which 398,75 m2 are private gross area, holding a 5 bedroom non overlooked modern house, directly facing the golf course, offering stunning views over the greens and golfers passing by? Only here at PENINA 60, North of t

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.

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$1,606/night
50% ($739)Brixfox estimate($1,606/night)200% ($2956)
Occupancy
53%
10%Brixfox estimate(53%)100%

Short-Term Rental

Indicative
Yearly income
$150,142
Likely range $90,085 – $210,199
Airbnb data$1,606/night · 53% occupancy
Rental income
$1,606/night · 53% occ.
$288,735
Running costs (20%)
Utilities, cleaning, maintenance
-$57,747
Income tax (10%)
Indonesian rental income tax
-$80,846
Property tax
Annual property tax
-$0
Net income
7.5% ROI
$150,142

Investment Returns

After-tax net yield · all-in cost basis

Area estimate

Net Yield · Area Estimate

6.9%

Based on area comps — this property's exact location is unconfirmed

Scenario
Pre-tax
After-tax
Owner-managed
11.0%
9.8%
Fully-managed
8.0%
6.9%
After-tax nets ~28% non-resident IRS on AL income (simplified regime). Yields are on the all-in acquisition cost, not the asking price.

Gross Yield

13.1%

Annual Revenue

$288,735

Income Tax / yr

$25,264

Payback

14 yrs

True All-In Cost
Asking price$2,000,000
IMT — transfer tax (non-resident 7.5%)$150,000
Stamp duty (0.8%)$16,000
Notary + registry$2,174
Legal$13,370
Furnishing + STR launch$27,174
All-in cost$2,208,717

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Portimão.

$14.4M$10.8M$7.2M$3.6M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $1.8M
Capital appreciation
Property value growing at +4%/yr based on Portimão market trends.
Rental income
Cumulative net rental earnings collected over time, growing with annual revenue increases.
Total return
Capital value + rental income. Your actual total position if you sold and kept all rent.
Paid back
Year 12: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$2.2M
+22%
Rental Income
+$733K
Total Position
$3.0M
+62%
10.1%/yr
Year 10
Capital Value
$2.7M
+48%
Rental Income
+$1.6M
Total Position
$4.3M
+134%
8.9%/yr
Year 20
Capital Value
$4.0M
+119%
Rental Income
+$3.7M
Total Position
$7.7M
+321%
7.4%/yr
Year 30
Capital Value
$6.0M
+224%
Rental Income
+$6.6M
Total Position
$12.5M
+581%
6.6%/yr
Turnkey Management

Your property, professionally managed

Buying from abroad? You won't lift a finger. A vetted local management partner is already connected to this listing — ready to run it as a short-stay rental from day one, so the Managed projections above are something you can actually rely on.

Vetted by Brixfox 8+ yrs operating 110+ properties managed ~2h guest response

Atlantic Stays Management

Vetted

Alojamento Local management, Lisbon to the Algarve

22%
Management fee
of rental revenue — already in your Managed figures

End-to-end AL management for international owners. We handle the licence, the platforms and the guests so your second home pays for itself.

What the fee covers

  • Listing setup & optimisation (Airbnb, Booking.com, VRBO)
  • Dynamic pricing & revenue management
  • 24/7 multilingual guest communication
  • Guided check-in / check-out & key handling
  • Professional cleaning, laundry & restocking
  • Maintenance & repairs coordination
  • Monthly owner statements & payouts
  • Guest screening & damage protection
  • Alojamento Local (AL) licence handling & renewals
  • SEF/AIMA guest registration & tourist-tax filing
Visit Atlantic Stays Management

Ask Brixfox AI

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

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
7.5% annual return
Occupancy
Average
53% average occupancy
Nightly Rate
Strong
$1478 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Strong
4480 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $1478 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates
Generous 4480 m² land — room for expansion or amenities

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 53% — factor in seasonal gaps

This villa is a strong investment. High rental demand and good returns make it suitable for both active and passive investors.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

33% occ.
6.8%
$11,351/mo
43% occ.
8.9%
$14,772/mo
53% occ.
10.9%
$18,192/mo
current
63% occ.
13.0%
$21,612/mo

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.