3 Bedroom Penthouse Apartment for Sale in Albufeira Old Town, Algarve

Located in the heart of Old Town Albufeira, this fully renovated 3-bedroom penthouse offers a rare opportunity to own a stylish home in one of the most desirable areas of the Algarve property for sale market. Combining modern comfort with historic charm, this property is ideal as a permanent residence, holiday home, or Algarve investment property for sale.

Prime Portugal Real Estate Opportunity

This beautifully refurbished penthouse sits in a central yet charming location, within walking distance of the beach, restaurants, and cultural attractions. Properties in this area are highly sought after, making it an excellent option for buyers looking at Portugal real estate or strong rental potential in the Algarve.

Property highlights

• Fully renovated in 2023 with new electrics, plumbing, flooring, windows, and fittings

• Located in Old Town Albufeira near beaches, dining, and amenities

• Strong rental history with excellent investment potential

• Sold fully furnished and equipped

• Ideal as a private residence, holiday home, or Algarve investment property

Spacious Penthouse with Private Roof Terrace

This stylish penthouse apartment offers bright living spaces and a unique private rooftop entertainment area rarely found in Algarve villas or apartments.

Interior layout

• Entrance hallway leading to spacious living area with balcony

• Modern fully fitted kitchen with premium appliances and covered dining terrace

• Three large bedrooms with elegant finishes

• Master bedroom with en-suite wet room

• Family bathroom plus additional bathroom

• Air conditioning and heating throughout

• Fitted wardrobes and fast internet

Private rooftop terrace – 100m²

• Exclusive roof terrace covering the full apartment footprint

• Private lounge and bar area

• Sink, beer and wine fridge

• Bathroom with shower

• Perfect for entertaining, relaxing, or enjoying the Algarve sunshine

This rare outdoor space brings the feel of villas in Portugal with pool and terrace living into a central Old Town setting.

Key Features of This Algarve Property

• Air conditioning and heating

• Fully equipped modern kitchen with washing machine

• Three bathrooms

• Large private roof terrace with bar and lounge

• Fully furnished and move-in ready

• Excellent rental performance

• Prime Old Town location

Distances from the Property

• Mini market with ATM – 35m

• Rooftop bar – 20m

• Restaurant – 150m

• Beach – 450m

• Old Town Square – 350m

• Bar street – 300m

• Shopping mall – 800m

• Faro Airport – 37km (approx. 40 minutes)

About Albufeira, Algarve, Portugal

Albufeira is one of the most desirable destinations for buyers searching for Portugal properties, Algarve villas, and luxury villas for sale in Portugal. Once a traditional fishing village, it has evolved into a vibrant coastal town combining heritage, modern lifestyle, and strong property investment potential.

Lifestyle in the Algarve

Living in Albufeira means enjoying over 300 days of sunshine, golden beaches, scenic coastal walks, and world-class dining. The charming Old Town offers cobbled streets, cafés, and authentic Portuguese character, while the marina features colourful architecture and a relaxed upscale atmosphere.

From golf courses and beachside restaurants to boat trips along the coastline, this region attracts buyers seeking Portugal luxury villas, private villas in Portugal, and quality coastal living.

Culture and Community

Albufeira retains its cultural identity through traditional festivals such as Festa do Pescador and São João. Local markets, artisan crafts, and a welcoming international community make it attractive for relocation, second homes, and property for sale in the Algarve.

Cost of Living and Investment Appeal

The Algarve offers a high quality of life with lower living costs than many Western European coastal destinations. Property owners benefit from relatively low municipal taxes, affordable dining, reliable healthcare, and strong rental demand, making this an excellent location for Algarve investment property for sale and long-term value.

Arrange Your Private Viewing

This exceptional penthouse combines location, space, and investment potential in one of the Algarve’s most desirable areas. Contact us today to arrange your private viewing of this unique Portugal real estate opportunity.