Penedo Residence

A charming white house perched atop Penedo hill, offering spectacular coastal views and a variety of outdoor spaces. Originally rebuilt in the 1970ies by renowned Portuguese architect João Almeida—celebrated for giving historic buildings in Penedo a modern twist—this residence was recently modernized and blends timeless character with a light, dynamic feel. The property includes 361m² of land and 149 m² of interior space spread across two floors. The open-plan living, dining, and kitchen area on the ground floor features expansive corner windows overlooking the Atlantic, built-in seating with custom cotton cushions and a cozy fireplace. From the living area, step out into two unique outdoor zones: a romantic patio with a stone table beneath a vine-draped pergola, and a small garden with fruit trees and extra storage. A compact additional room is ideal as a study with a view but also fits a single bed. The main bathroom is finished with original Viúva Lamego tiles, a nod to traditional Portuguese craftsmanship combined with newly installed modern microcement flooring. Winding stairs lead to the upper floor, where two spacious bedrooms offer ample built-in storage. One features an en-suite toilet, while the other connects directly to the home’s showstopper: a 45m² veranda with panoramic views stretching from Praia Grande to Ericeira, complete with an open fireplace under a tall chimney. Outdoor stairs link the veranda to the patio and front gate for seamless access.

The recent renovation was concluded in May 2025 and included the installation of central heating with an energy-efficient heat pump and brand-new radiators, ensuring year-round comfort. The kitchen, upstairs flooring, and all windows have been replaced providing a fresh aesthetic and quality functionality throughout the home. Both bathrooms have also been updated with modern fixtures while preserving the original charm. The house is sold Airbnb-ready with a n AL license held by an established boutique local management company that could continue running the operation from day one after acquisition if that’s intended.