Located in the Vinho Verde wine region, the 23,700-square-foot Villa Beatriz has been in the same family since the early 1900s. Now the home is looking for a new steward
4 min
In the early 1870s, Francisco Antunes de Oliveira Guimarães, a teenager from a rural corner of northern Portugal, made his way to Brazil. By century’s end he was a wealthy financier, and in the early years of the new century, he completed a palatial, three-story manor house for himself and his new bride, Beatriz, in the heart of Portugal’s Vinho Verde wine region. The nearly 100-acre property, reinvented in the 1990s as a thriving wine estate, has been the family seat ever since.
The property, with the main home’s original furniture and decorations largely intact, is now set to pass out of the family for the first time. The estate is on the market for roughly $8.2 million, a price that includes original hand-carved furniture fashioned from exotic tropical hardwood, according to Francisco’s granddaughter, Carmen Guimarães, 90, who has lived on the property since the early 1990s. Known as Villa Beatriz, in honor of Francisco’s bride, the 23,700-square-foot home has 13 bedrooms and eight bathrooms. With a number of outbuildings, it has over an acre of formal gardens decorated with classical statuary. The gardens, like the house itself, have been designated a historic landmark.
Carmen is selling the property along with her two daughters, Anabela Guimarães, 70, and Alexandra Guimarães, 67. Carmen says Francisco, born into a family of modest local landowners, was a Rio de Janeiro financial tycoon who started out selling lottery tickets and ended up founding a large bank. Still, he remained rooted in the area around the Ave River, which runs through the estate.
Built in an opulent Belle Époque-style, Villa Beatriz is a fusion of Brazilian materials and Portuguese craftsmanship. Rooms are presided over by intricate stucco ceilings. Atmospheric wall paintings, featuring everything from hunting scenes to tributes to Portugal’s Age of Exploration, decorate the walls of the main floor’s reception rooms and the bedrooms on the second floor. Even the onetime staff rooms, on the top floor, still have elaborate antique beds made from cherry wood.
Villa Beatriz is an imaginative blending of historical styles, says Tobias Hoffmann, director of Berlin’s Bröhan Museum, known for its collection of modern European decorative arts. The neo-Moorish tiled facade—which can be the same shade of blue as the Minho sky—gives way to a fanciful entrance hall decorated with neo-Renaissance trompe-l’oeil wall paintings. The formal dining room is a freewheeling mix of both Moorish and Renaissance touches, he says, while second-floor bedrooms have a neo-Rococo flair.
The estate has had its share of sorrows. Beatriz, Francisco’s wife, died before she could ever see the house he built for her. A generation later, Carmen, who never really knew her grandfather, moved there at age 12 to live with her aunt and uncle after both her parents died within a matter of months. A widow herself since 2010, Carmen is still active, and has more recently overseen the maintenance and restoration of the house on her own. “It looks exactly the same as it did when I was growing up,” she says.
The estate is located east of the city of Braga in the Vinho Verde region, which is known for its light, slightly fizzy, affordable whites. The Guimarães family had long produced wine for private consumption, but starting in the early 1990s Carmen and her late husband, textile manufacturer Carlos Alberto Rodrigues Guimarães, launched a modern commercial winemaking facility. They named their flagship wine Quinta Villa Beatriz, after the estate, and put the house itself on the label. Spread across 30 acres, the vines grow classic Vinho Verde white grape varieties, including Loureiro and Trajadura.
Though things have stayed pretty much the same at Villa Beatriz, the Vinho Verde region is undergoing its own reinvention, says José Ferreira, a sommelier at Lisbon’s Michelin-starred Belcanto restaurant. “Some great wines are starting to be produced there,” he says, citing a new wave of winemakers who are replacing traditional varieties with Alvarinho, a premium white grape that does well on either side of the Spanish-Portuguese border.
The prices of wine estates in Vinho Verde are increasing dramatically, but can still be far less than those of the adjacent Douro Valley, which produces Portugal’s most expensive wines, says Artur Pinto Leite, a senior consultant at the Porto office of Savills, who specializes in wine estates. Top Douro Valley wine estates can fetch prices in excess of $109,000 per hectare, he says—a level that can only be reached in Vinho Verde if Alvarinho has already been planted. The price of luxury homes in the two regions can vary dramatically, adds Pinto Leite, depending on ocean access in the case of Vinho Verde, and river proximity in the Douro areas.
Carmen and her daughters aren’t especially big wine drinkers, they say. But Anabela, who raised her own family not far away, can sound wistful while giving a tour of the winery her father built. Now a grandmother herself, the retired textile-company executive likes to recall that she was married in the manor house, as were her children. “My heart is here,” she says, of the property.
Her mother, however, is looking forward to the next chapter. Still managing daily trips up and down her imposing staircase, she is thrilled at the thought of moving to a home with only one story—and a fraction of the upkeep. And when it comes to wine, she has a confession to make: “I prefer a glass of Port.”
Ruy Nogueira of Luximos/Christie’s International Real Estate is handling the sale.
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What a quarter-million dollars gets you in the western capital.
Alexandre de Betak and his wife are focusing on their most personal project yet.
Unmarried home buyers say they are giving priority to a financial foundation over a legal one
4 min
The big wedding can wait. Couples are deciding they would rather take the plunge into homeownership.
In reshuffling the traditional order of adult milestones, some couples may decide not to marry at all, while others say they are willing to delay a wedding. Buying a home is as much, if not more of a commitment, they reason. It helps them build financial stability when the housing market is historically unaffordable.
In 2023, about 555,000 unmarried couples said that they had bought their home in the previous year, according to a Wall Street Journal analysis of Census Bureau data. That is up 46% from 10 years earlier, when just under 381,000 couples did the same.
Unmarried couples amounted to more than 11% of all U.S. home sales. The percentage has climbed steadily over the past two decades—a period in which marriage rates have fallen. These couples make up triple the share of the housing market that they did in the mid-1980s, according to the National Association of Realtors.
To make it work, couples must look past the significant risk that the relationship could blow up, or something could happen to one partner. Without a marriage certificate, living situations and finances are more likely to fall into limbo, attorneys say.
Mark White, 59 years old, and Sheila Davidson, 62, bought a lakeside townhouse together in Newport News, Va., in 2021. But only her name is on the deed. He sometimes worries about what would happen to the house if something happened to her. They have told their children that he should inherit the property, but don’t have formal documentation.
“We need to get him on the deed at some point,” Davidson said.
White and Davidson both had previous marriages, and decided they don’t want to do it again. They also believe tying the knot would affect their retirement benefits and tax brackets.
Couples that forgo or postpone marriage say they are giving priority to a financial foundation over a legal one. The median homeowner had nearly $400,000 in wealth in 2022, compared with roughly $10,000 for renters, according to the Federal Reserve’s Survey of Consumer Finances.
Even couples that get married first are often focused on the house. Many engaged couples ask for down-payment help in lieu of traditional wedding gifts.
“A mortgage feels like a more concrete step toward their future together than a wedding,” said Emily Luk, co-founder of Plenty, a financial website for couples.
Elise Dixon and Nick Blue, both 29, watched last year as the Fed lifted rates, ostensibly pushing up the monthly costs on a mortgage. The couple, together for four years, decided to use $80,000 of their combined savings, including an unexpected inheritance she received from her grandfather, to buy a split-level condo in Washington, D.C.
“Buying a house is actually a bigger commitment than an engagement,” Dixon said.
They did that, too, getting engaged eight months after their April 2023 closing date. They are planning a small ceremony on the Maryland waterfront next year with around 75 guests, which they expect to cost less than they spent on the home’s down payment and closing costs.
The ages at which people buy homes and enter marriages have both been trending upward. The median age of first marriage for men is 30.2, and for women, 28.6, according to the Census Bureau. That is up from 29.3 and 27.0 a decade earlier. The National Association of Realtors reported this year that the median age of first-time buyers was 38, up from 31 in 2014.
Family lawyers—and parents—sometimes suggest protections in case the unmarried couple breaks up. A prenup-like cohabitation agreement spells out who keeps the house, and how to divide the financial obligations. Without the divorce process, a split can be even messier, legal advisers say.
Family law attorneys say more unmarried people are calling for legal advice, but often balk at planning for a potential split, along with the cost of drawing up such agreements, which can range from $1,000 to $3,000, according to attorney-matching service Legal Match.
Dixon, the Washington condo buyer, said she brushed off her mother’s suggestion that she draft an agreement with Blue detailing how much she invested, figuring that their mutual trust and equal contributions made it unnecessary. (They are planning to get a prenup when they wed, she said.)
There are a lot of questions couples don’t often think about, such as whether one owner has the option to buy the other out, and how quickly they need to identify a real-estate agent if they decide to sell, said Ryan Malet, a real-estate lawyer in the D.C. region.
The legal risks often don’t deter young home buyers.
Peyton Kolb, 26, and her fiancé figured that a 150-person wedding would cost $200,000 or more. Instead, they bought a three-bedroom near Tampa with a down payment of less than $50,000.
“We could spend it all on one day, or we could invest in something that would build equity and give us space to grow,” said Kolb, who works in new-home sales.
Owning a place where guests could sleep in an extra bedroom, instead of on the couch in their old rental, “really solidified us starting our lives together,” Kolb said. Their wedding is set for next May.
Homes and weddings have both gotten more expensive, but there are signs that home prices are rising faster. From 2019 to 2023, the median sales price for existing single-family homes rose by 44%, according to the National Association of Realtors. The average cost of a wedding increased 25% over that time, according to annual survey data from The Knot.
Roughly three quarters of couples move in together before marriage, and may already be considering the trade-offs between buying and renting. The cost of both has risen sharply over the past few years, but rent rises regularly while buying with a fixed-rate mortgage caps at least some of the costs.
An $800 rent hike prompted Sonali Prabhu and Ryan Willis, both 27, to look at buying. They were already paying $3,200 in monthly rent on their two-bedroom Austin, Texas, apartment, and felt they had outgrown it while working from home.
In October, they closed on a $425,000 three-bed, three-bath house. Their mortgage payment is $200 more than their rent would have been, but they have more space. They split the down payment and she paid about $50,000 for some renovations.
Her dad’s one request was that the house face east for good fortune, she said. Both parents are eagerly awaiting an engagement.
“We’re very solid right now,” said Prabhu, who plans to get married in 2026. “The marriage will come when it comes.”
