Unique House With Private Garden, In Lapa, Lisbon

Tucked away on a private street in the heart of Lapa, one of Lisbon’s most elegant and peaceful neighborhoods, this is a truly exceptional property, move-in ready today, with an approved architectural project to transform it into one of the most remarkable private residences in the area.

This unique home carries a story unlike any other. Once a warehouse of a renowned Ceramic Factory, the property stands as a rare reflection of Lisbon’s industrial and artistic heritage, now reimagined for modern luxury living.

The approved project elevates the home into a true architectural statement, centered around an extraordinary 120m² living room with dramatic double-height ceilings and abundant southern light. Designed for both grand entertaining and intimate daily living, the space is divided into three distinct environments: an elegant dining area for up to 20 guests, a sophisticated social lounge opening onto the garden, and a quieter retreat with a cozy fireplace.

The expansive open-concept kitchen flows seamlessly from the living area, featuring a generous central island designed for casual meals, conversation, and effortless hosting.

Upstairs, privacy and comfort take center stage. The future layout includes a luxurious primary suite with a spacious walk-in closet, two additional large ensuite bedrooms, and a dedicated office space, perfectly balancing refined living with practical functionality.

At the heart of the home lies a rare 130m² private south-facing garden, an urban sanctuary in central Lisbon. Completely secluded from surrounding buildings, this outdoor retreat is designed as a lush vertical oasis, featuring a striking heated triangular pool and the kind of privacy almost impossible to find in the city center.

In the heart of Lisbon, where private parking is an exceptional rarity, the property offers a remarkable advantage: 4 dedicated parking spaces, located within a prestigious development next door.

These spaces benefit from direct access through the property itself, providing both convenience and security, an increasingly valuable asset in this part of the city. The rights to these parking spaces were secured through a formal agreement signed with the developer of the project.

Beyond convenience, they represent significant intrinsic value, with an estimated combined market value of approximately €180,000, based on current sales prices of parking spaces in the Lapa and Santos areas, where individual spaces regularly trade around €45,000 each.

For owners who prefer a private internal garage, the multifunctional ground-floor room also offers the flexibility for conversion.

Adding even greater value, the municipality has initiated a major revitalization plan for the surrounding Rua do Olival area, focused on improving infrastructure while preserving the historic charm of the streets, gardens, and buildings, further enhancing the long-term prestige of this address.

One of the most attractive aspects of this home is flexibility. While the approved architectural project is already in place, future owners have the opportunity to personalize elements of the design, select preferred finishes, materials, and interior details, creating a residence that feels entirely their own.

This is not simply a house, it is a rare chance to own and shape one of Lapa’s most distinctive homes.

Price

Available through company acquisition (sociedade): €2,950,000
Asset acquisition price: €3,100,000
Energy Rating: D
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