Golf Homes: Which Will Buy $ 1 Million
OUTDOOR SPACE: A long driveway dominates the front of the building. The rear has a heated swimming pool and hot tub and a covered terrace with a dining area and built-in barbecue. The landscape on the front and back is strewn with small cacti and native flora such as purple, pink and red lantana flowers.
TAXES: About $ 4,800 a year.
30 FURNISHED APARTMENTS WITH TWO BEDROOMS, WHICH WILL BE SATISFIED IN A PRESTIGIOUS GOLF COMMUNITY BEFORE THE END OF 2019.
IN THE SMALL TOWN OF VILA NOVAN DE CACELA, IN THE EASTERN ALGARVE, ON THE SOUTH COAST OF PORTUGAL, THIS CONTEMPORARY APARTMENTS SLEEK – CALLED CLUBHOUSE RESIDENCES OF 1945 – [9] MONTE REI GOLF & LANDCLUB MEDR ARA-A-1000-MEDRANA A-1000 STYLE UPSCALE GOLF COMMUNITY. THE BEACH IS A 15-MINUTE DRIVE, AND RIA FORMOSA NATURAL PARK, A LARGE TOURIST ATTRACTION BECAUSE OF HIS WILDLIFE, BEACHES AND WALKING AND BIKING, IS 10 MINUTES AWAY.
Amenities at Mont Rei include a clubhouse with three restaurants, a bar, tennis courts, a swimming pool, a gym, and a spa. The clubhouse staff organizes excursions outside the property such as visits to local wineries, sailing, kayaking, surfing and bird watching, and the concierge staff can provide services such as childcare and housekeeping. A free daily shuttle bus transports residents to and from the beach.
These new apartments overlook the 18th hole of the golf course designed by Jack Nicklaus, which has several artificial lakes. The apartments are a short walk from the clubhouse and the entrance to the course; the construction of a second Jack Nicklaus course is planned for 2020.
Owners pay an annual fee of $ 3,300 to $ 3,700 to live in Mont Rei and have access to facilities, excluding golf. Playing a round costs around $ 235 and a 25-year golf membership is around $ 85,000, with annual contributions of around $ 5,600.
