$2,255,954

Palacette Style Property In Silves For Sale

  • 4 Beds
  • 8 Baths
  • 9,462 Sqft
  • 5,361 Sqft lot
  • Updated: November 26, 2025

About the Property

This unique centenary building located in the centre of Silves offers potential for various business opportunities as well as luxury residential home.  The property is composed of two levels. On the ground level, there is a commercial area, currently used as a restaurant with a terrace and Internal patio, a fully equipped kitchen, large pantry and refrigerators, 3 bathrooms for custom

This unique centenary building located in the centre of Silves offers potential for various business opportunities as well as luxury residential home.  The property is composed of two levels. On the ground level, there is a commercial area, currently used as a restaurant with a terrace and Internal patio, a fully equipped kitchen, large pantry and refrigerators, 3 bathrooms for customers, Staff area with cabinets and toilet and office.  This area is equipped with underfloor heating, surround system, both Interior and exterior and solar panels for hot water.



The first floor, is a mantion of 4 bedrooms (one of them en-suite), a large living room, kitchen, 2 Terraces, and balconies overlooking the town of silves.



Some of the most unique features of this historical building are the double-height ceilings, the detailed ceiling work, ancient doors, windows, stair railings and other relics that make this property a true historial gem.



The property is in the final stages of restoration, which include maintaining the historic characteristics of the building, whilst including ventilation system throughout, central vaccuum system, solar panels and underfloor heating in the bathrooms.



There is also an attic, and potential for additional bedrooms for potential use as a b&b or boutique hotel.

  • Property type

    Villa

  • Price/sqft

    $238

  • Consumption

    B

Features

  • Terrace
  • Fireplace
  • Fitness Center / Gym
  • Outdoor Living Space
  • Office
  • Stone Countertops
  • High Ceiling
  • Bar
  • Balcony

Explore the Area

SILVES, Faro, Algarve, Portugal View on Google Maps
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Exclusive Algarve Villas

5

Joined 7 years ago
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Exclusive Algarve Villas
Portugal
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240
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2019
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Exclusive Algarve Villas
Exclusive Algarve Villas
Avenida Tivoli, Corpo B - Bloco 3 - R/C esquerdo - Vilamoura, 8125-410, Vilamoura, Portugal
View agency profile
Exclusive Algarve Villas, established in 2006, is a boutique luxury real estate agency based in the Algarve and an
Exclusive Algarve Villas, established in 2006, is a boutique luxury real estate agency based in the Algarve and an award-winner of various titles such as ”Best Luxury Independent Real Estate Brokerage in Portugal” from the International Property Awards and Luxury Lifestyle Awards.

We focus on personalized service and high quality properties across the Western and Central Algarve, offering a portfolio of carefully selected properties, including both traditional and modern villas, luxury apartments, building plots and new developments.

With offices in Lagos, Lagoa (Carvoeiro), and Vilamoura our agency operates by appointment 7 days a week. Our multilingual team assists clients in English, Portuguese, French, German, Dutch and Spanish.

Combining years of qualtiy service and local knowledge, Exclusive Algarve Villas is your trusted partner for buying & selling luxury real estate in the Algarve.
Last updated
November 26, 2025
First listed
Sep 12, 2024
Listing reference
EAV-3881
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