There’s something about living on or near the water that brings a therapeutic effect – water evokes a sense of calm and ‘cleanses’ the body, mind and soul, particularly in todayâs hectic world. While properties near the coast are also highly coveted. According to Knight Frankâs Prime Waterfront Index, prices for prime waterfront properties are as much as 81% higher than comparable inland properties.
Today, property developers are increasingly attuned to the lifestyle perks a waterfront location affords. From coastal villas in Lisbon to branded condos facing the Andaman, a range of options are available for those seeking the tranquility of a seaside retreat. Even in urban locations like Honolulu or Limassol, builders are incorporating the waterfront into their designs and upgrading beach promenades and marinas into lively waterfront amenities.
Here are five waterfront properties you may want to consider to buy or rent out; particularly in prime holiday destinations like Phuket or the Maldives.
Bayview Place, Victoria
Located on the waterfront just outside downtown in Victoria West, the Bayview tower comprises five residential towers is a close proximity to the shops and services. This new waterfront neighbourhood is the newest offering in downtown Victoria, featuring a two-bedroom unit on the seventh floor of Bayview One features oak flooring, German cabinetry and outdoor terraces. Other amenities include a lounge, fitness centre, steam rooms and sauna, bike storage and concierge services.
Price: USD 778,000
An upcoming tower on the waterfront include One Limassol, a project from developer Pafilia that is set to become the tallest residential seafront tower in Europe when completed in 2018. Limassol Del Mar will be located on 170 metres of sea frontage and all apartments have doors that slide open onto terraces with sea views.
The apartments range from 2 bedrooms of around 220 sqm to 4-bedroom units of around 391 sqm.Â The designs are inspired by the local climate, culture and lifestyle. On the ground floor, the project also incorporates a commercial component with a range of high-end shopping and dining options along the waterfront promenade. Amenities include a shopping mall, restaurant and bars, a spa, gym, concierge services, clubhouse, outdoor and indoor pool.
Price: From USD 2.3 million for a 2-bedroom unit
Quinta da Marinha
Portugalâs capital city of Lisbon, located where the Tagus River empties into the Atlantic Ocean, has long been a popular destination for travellers seeking postcard-perfect panoramas of cobbled alleyways, ancient ruins and white-domed cathedrals. The most sought-after neighbourhoods among foreigners are in the historic city centre where older buildings are being renovated to meet buyer demand.
The Quinta da Marinha, Cascais has 6 bedrooms and 8 bathroom and is located near Cascais features south-facing views over the Atlantic Ocean. The spacious master suite has its own private terrace overlooking the gardens, swimming pool and sea beyond. Amenities includes an office, gym, sauna, wine cellar and 6-car garage. Nearby amenities include golf courses, hotels, equestrian centre, tennis club, health club, marina and beaches.
Price: Upon request
Twinpalms Residences MontAzure
For buyers seeking a truly stunning second home, existing villas often offer the best water views in secluded settings. Operated by Twinpalms Management, the Twinpalms Residences MontAzure includes a series of eleven low-rise clusters with one-bedroom (753 to 2,690 sq ft) and two-bedroom (1,658 to 4,305 sq ft) units, each designed with tall windows and wide balconies. Project amenities include gardens and roof terraces, communal swimming pools and a beach cafÃ© and bar, a gym, spa pavilion library and lounge.
Price: From USD 600,000
Unrivalled luxury, stunning white-sand beaches and an amazing underwater world make the Maldives an obvious choice for many affluent travellers. The country is home to some of the best beaches in the world, and they are found on almost every one of the countryâs 1,192 coral-fringed islands.
Introducing the Private Reserve at Soneva Fushi, it has a sprawling 9-bedroom villa which spans across 28,288 sq ft and includes direct beach access, a curved, lagoon-style pool, spa, steam room and gym. A sunken dining area is designed for entertaining, while the large master bedroom with en-suite open-air garden bathroom is located close to the beach for complete privacy. Owners enjoy a range of resort amenities.
Price: USD 15 million