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Prestigious real estate development in Faro Portugal - in an excellent geographical location

New developments in Montenegro
From 1.480.000€ to 2.190.000€

Project status

Pre-launch Sales Under construction Delivered

New property development for sale in Faro - Montenegro

The benefits
  • Close to the historical center
  • Close to the beaches
  • Modern architecture
  • Ideal for a second home by the sea
  • Gated condominium with trees
  • In an excellent geographical location
  • Close to the Faro airport
  • Seaside residential neighbourhood
  • Ideal for a primary residence
  • Living environment combining design, comfort and well-being
  • Heated outdoor swimming pool in the residence
  • SPA
  • Pedestrian paths
  • Fitness room
  • Gated condominium (fenced and secured with automatic gate)
  • Concierge service
  • Hammam
  • Superb landscaped area with green areas
  • Parking spaces in the basement
  • Residence with 24-hour security
  • Videophone
  • Cellars
  • Terraces

TAGUS NOVO invites you to discover this new developmentl in Faro.

A brand new seaside residence with luxury standards, ideally located in an excellent geographical location, a few meters from the city center and the most beautiful beaches of Portugal.

This small residence with modern architecture is located in Montenegro, in a privileged living environment by the sea which offers an excellent quality of life and many benefits to its residents: close to the historical center, close to the faro airport, close to the beaches, seaside residential neighbourhood, modern architecture, ideal for a primary residence, ideal for a second home by the sea, living environment combining design, comfort and well-being and gated condominium with trees.

The 37 new-build houses / villas that make up this new development, are spacious and pleasant homes, with typologies ranging from 3 to 5 rooms.

These new properties offer a unique way of life with areas ranging from 325 to 590 sqm filled with natural light, most of them with terraces.

You'll appreciate the choice of features of the new homes: bright and luminous, spacious, functional, generous surfaces with plenty of natural light, superb volumes and optimal comfort and beautiful ocean/sea views from most properties. With top quality materials chosen for the finishes and a unique environment. This new development will win you over: high-quality finishes, quality materials, sophisticated materials, fitted bathroom furniture, towel dryer, built-in wardrobes, armoured door, storeroom, individual alarm, built-in kitchen, electric roller shutters and reversible air conditioning.

The new residential development is located in an environment that will appeal to many investors and buyers, with selling prices ranging from 1.190.000€ to 2.100.000€.

A seaside residence not to be missed in Faro!

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Virtual visit of the model property

Expert's word

Located in a privileged residential area, this is a small private condominium of 37 luxury villas to consider if you're looking for a new luxury property in Faro.

The homes have been designed to offer you the very best: bright, spacious and functional, with generous floor areas bathed in natural light, superb volumes and optimal comfort, and magnificent views over the Ria from most of the units.

Whether as a first or second home or as an investment property, there's no doubt that this development promises to be a long-term property investment in Portugal.

Construction status

Foundation Structure Roofing Interior Close-out Delivery
  • Current project status : Under construction
  • Delivery : 4th quarter 2024

The project is expected to be complete by the 4th quarter of 2024 and is currently under construction, reaching the interior stage.

Features of the housing

  • Bright and luminous
  • Functional
  • Superb volumes and optimal comfort
  • Spacious
  • Generous surfaces with plenty of natural light
  • Beautiful ocean/sea views from most properties

Available units : 6

Area Bedrooms Price
455 sqm 2 3 1.480.000€
496 sqm 2 4 1.725.000€
509 sqm 2 4 1.950.000€
504 sqm 2 4 2.090.000€
504 sqm 2 4 2.190.000€
504 sqm 2 4 2.190.000€
Show all units sold


  • District : Algarve
  • Municipality : Faro
  • Parish : Montenegro
  • The address: In a privileged living environment by the sea

  • Features : Shopping area, Affluent, Family, Seafront, Condominium
  • Lifestyle : Seaside, In the city

Faro is the capital of the Algarve region and the municipality of the same name, with a population of approximately 60,000 inhabitants spread over 210 km2, 30% of which are located in the Ria Formosa Natural Reserve.

The municipality of Faro is bordered to the south by the Ria Formosa, a 19 km long lagoon system whose barrier islands communicate with the sea through six sea inlets, five of which are natural and mobile, and one is an artificial inlet that has been opened to allow easy access to the port of Faro. This lagoon system forms three main islands that can be connected by boat. They are excellent places to spend pleasant days in contact with nature, by boat, bicycle or on foot.

The unique characteristics of the Ria Formosa, one of the Seven National Wonders, allow the practice of several activities in communion with nature such as kite-surfing, canoeing, windsurfing, rowing and bird watching.

The city also has an attractive marina, well-maintained parks, and squares and the old part of the city full of outdoor cafes and pedestrian areas. Besides its museums and beautiful churches and chapels, Faro also has a vibrant nightlife.

The town of Faro enjoys a privileged location, reinforced by its proximity to Faro airport, where several flights of national and international airlines regularly connect the Algarve with several European cities.

It is an excellent region with an unparalleled climate for buying a home and investing in property both as a primary or secondary residence.

Environment : Supermarkets, Shops and services nearby, Restaurants, Coffee shops / Bars, Full educational offer from kindergarten to high school around the residence, University, Primary school, Public transport nearby, Quick access to main roads, Railway station , Close to the Faro airport, Numerous sports facilities, Water sports, Nightlife, Religious sites, Cinema, Marina, Green areas in the municipality, Post office, Banks, Cash dispenser, Police, Pharmacy, Hospitals, Private clinic, Doctors, Health centre

Project's main players


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