Google Map Location here:
http://bit.ly/BordeiraFaroAlgarve
If you are lucky and your villa is facing the right way and is in a good location you may have a great view over the coastal plain towards the sea.
As regards Faro centre, it is fairly compact. I would recommend you park somewhere like the car park at the bus station and walk.
You are well located for access to the A22 Via de Infante Spinal Motorway. The whole coastal Algarve is therefore within 90 minutes driving. You could easily visit Silves (old walled town) ( http://bit.ly/silves_algarve_wiki ), Monchique and Lagos (historic old town) (http://bit.ly/lagos_algarve_wiki) as well.
Visiting Lisbon depends on you.
By toll motoway, one can get up to either of the two bridges crossing the Tejo in about 3 hours allowing for stops. Distance is +- 280 kms.
However, there are good rail and bus services from Faro to Lisbon.
For rail, have a look at Cubsur's excellent site here:
http://thomasallen.home.sapo.pt/travel/006.htm
For bus, go to my blog here:
http://barlaventostravelblog.blogspot.com
Scroll down on the right hand side and you will find a panel
entitled:
Algarve & Portugal - Travel Transport Links
In this panel you will find links for:
# Eva Bus Service - Faro to Lisbon Sete Rios
# RENEX Bus Service - Lisbon to Algarve (including Lagos) timetable
My recommendation to allow enough time in Lisbon would be to take the early morning Alfa-Pendular train to Lisbon and then perhaps come back to Faro by bus. The bus station and train station are close to each other. Bear in mind that by July, summer timetables will have come into operation.