€12,500,000

This distinctive and unique property, dating back to the 19th century and boasting a unique seafront location, was built by Tomás Maria Bessone and completed in 1860 under the direction of the renowned architect Cinatti of Siena, who imbued it with a strong Italian influence. It later served as the official residence of His Royal Highness King Ferdinand II. The gardens feature a tower that gave the property its name. Currently, it is owned by the heirs of D. António Luís Freitas de Lancastre Basto and Baharem, descendants of His Royal Highness King John I and D. Filipa of Lancaster, Queen of Portugal and daughter of John of Gaunt, 2nd Duke of Lancaster, son of Edward III, King of England. The Palace's Neoclassical style is evident in the sumptuous ornamentation of the buildings, surrounded by immense and consistent vegetation, with several species standing out for their size and age, including the Araucaria (Araucaria bidwilli), the Plane Trees (Platanus sp. Orientalis), and especially the Dragon Trees (Dracaena draco), all hundreds of years old. The entire property, and particularly the Palace's main façade, faces directly south, overlooking the Tagus River and the Atlantic Ocean, offering stunning views. Description The Palace consists of a Tower, located atop a hill, and several ancillary buildings, totaling 40 rooms. gardens in various settings, patios and spacious terraces overlooking the sea, garages, stables, staff quarters, a separate guesthouse-style apartment, and a large outdoor parking area. The property is rectangular in shape and sits on a plot of approximately 6,000 m2, with a gross floor area of approximately 1,600 m2. It has its own water source connected to the sea by an underground tunnel that currently serves as a water aqueduct and could eventually be used to extract seawater. Due to its classification, the property is exempt from IMI (municipal property tax) and IMT (municipal transaction tax), offering an excellent real estate investment opportunity. A boardwalk is currently being planned, which will run in front of the property in the near future, and a marina for pleasure boats is also planned. More information upon request.