Other buy in Paco de Arcos Lisboa

The property was built in 1860 under the direction of the architect Cinatti de Siena, who become responsible for the clear Italian influence visible in its structure. The property was a residence of His Royal Highness, King Ferdinand II of Portugal and currently belongs to the descendants of his Royal Highness King John the I and Philippa of Lancaster, Queen of Portugal and daughter of John of Gaunt, 2nd Duke of Lancaster, son of Edward III, King of England. The Palace, the main building of the property, presents a markedly Neoclassical atmosphere seen in the sumptuous ornamentation of the building, with 26 ft high ceilings, and surrounded by important vegetation, standing out several rare species, by their size and antiquity, all these growing for some hundred years and confronting directly the sea. The property is facing directly the South, over the River Tagus and the Atlantic Ocean, and comprehends a Palace, a 65ft high Tower with a Clock, and several accessory constructions, with a total of about 40 rooms. It includes several gardens, courtyards, and terraces facing the sea. It has several garages, stables, a house for the staff, an independent flat, depots, and a zone for vehicle parking. The property has a rectangular format and an area of about 64,583 sq ft (6000m2), with a covered/constructed area of 17,222 sq ft (1600m2). It has 3 entrance gates with the possibility of having a fourth one onto another street. The overall condition of the property is good, although some areas might require maintenance. It's located only 20 minutes from Lisbon's downtown, and 25 minutes from Lisbon's International airport. This property is tax-exempt (Historical building) It's possible to increase the covered area to a total of 36941 sq ft (3432m2) ________________________________________________ ABOUT LISBON: CNN considers “ Lisbon the coolest Capital in Europe” . For the New York Times “ in Lisbon the faded old Europe charm remains, but with a stream of exciting openings and fresh inspiration drawn from across the Atlantic, Portugal’s Capital seems primed for a new golden era ”. The Financial Times highlights the reasons “ why all the world is going to Lisbon ” The Times analyzes why "Lisbon is the city of opportunity for investors". In the past years, Lisbon has been making the headlines of some of the most reputable media in the world and attracting international celebrities that settle in the Portuguese capital, like Hollywood actors Scarlett Johansson, Michael Fassbender, Alicia Vikander, or the world’s most famous designer Phillipe Starck. Lisbon is a historical city full of stories to tell, where the sun shines 300 days a year and with warm summers and mild winters. Portugal is the 3rd safest country in the world and in Lisbon, you feel secure wandering around day or night. Lisbon is full of authenticity where old customs and ancient history intermix with cultural entertainment and hi-tech innovation. The city is something of a rarity among European capitals – a laid-back city that exudes a decidedly old-fashioned charm, with clattering trams, café-lined boulevards, renowned cuisine, and grandiose monuments to its famous sailors that crossed the oceans at the time of the discoveries. Lisbon is ageless, friendly, and famous for its hospitality and the family-like way it welcomes visitors. Tax benefits granted by programs like the Non-Habitual Residents, or residence schemes, like the Golden Visa (that allows to obtaining Portuguese citizenship in 5 years and freedom of movement throughout the entire Schengen Zone through investment in real estate) also sparked the interest in the Portuguese capital causing an exponential increase in the demand by international investors. This singular combination of factors and the growing international demand from buyers looking to relocate to the city and investors seeking compelling yields make Lisbon one of the most desirable cities in the world.