Maison individuelle sur 2 hectares à Agia Fotia
€540,000
Description
400 metres from the sea, this three-storey house of 160 sqm sits on a 2-hectare plot on the edge of Agia Fotia, a quiet coastal village in the Lasithi Prefecture. Three bedrooms, two bathrooms, a fireplace, parking and storage. Built in 1994, the structure is sound. The 20,000 sqm of land is the real asset here: freehold coastal plots of this size are increasingly rare in east Crete. Agia Fotia is raw Crete: a wind-carved rocky coastline, crystal-clear water, olive groves stretching to the horizon. No resort complexes, no crowded roads. With 2 hectares of land, you own a piece of untouched shoreline in a sector where the price per sqm remains among the lowest on the Cretan coast. The gap with western Crete reaches 35 to 40%.
Features
Rental estimate
Estimated nightly rate
58 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
15,439 - 0 €
Estimated gross yield
Net after expenses & taxes: 1%*
Blended estimate: Kairos ADR model + 13 Airbnb comparables (EUR 112/night, ierapetra zone, 3 bedrooms). Excluding management fees.
* Gross yield = annual rental income ÷ purchase price. Net yield deducts running costs (maintenance, insurance, ENFIA) and Greek income tax on rental revenue. Estimates based on local market data — results not guaranteed.
The Kairos take
Our unfiltered, on-the-ground analysis
At 3,375 EUR per sqm on built area, the price sits slightly above the Siteia median, but the 20,000 sqm plot justifies part of that premium. That land is the core asset: buildable coastal plots of this size are scarce in the area. Seasonal rental potential is genuine at 400 metres from the beach, but the absence of a pool is a direct drag on platform visibility and nightly rates. Budgeting 30,000 to 50,000 EUR for an in-ground pool would meaningfully improve occupancy and average nightly rate. Key watch points: the village sits 18 km from Siteia town, so a car is non-negotiable for guests. The 1994 build also warrants a structural survey before exchange. If part of the land carries building rights, the overall case strengthens considerably.
Maison individuelle sur 2 hectares à Agia Fotia
€540,000
3
bedrooms
2
bathrooms
160
sqm