Apartment 1 bed 40 sqm with pool & sea view - Epano Elounta
€196,000
Description
New-build apartment of 40 sqm in Epano Elounta, Agios Nikolaos, completed in 2026. Features 1 bedroom, 1 bathroom. Key highlights: 130m from the sea, sea views, swimming pool, garden. High-end finishes and premium materials at €4900/sqm. Ideal short-term rental configuration with pool and sea views, the two most sought-after features by holidaymakers.
Features
Rental estimate
Estimated nightly rate
91 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
16,608 - 0 €
Estimated gross yield
Net after expenses & taxes: 4.6%*
Estimate based on 223 Airbnb comparables in the Agios Nikolaos area (1±1 bedrooms). Adjusted median rate: €151/night. Conservative 50% occupancy (Lassithi). Net yield deducts: ~20% property management, ENFIA, maintenance, insurance, Greek income tax.
* 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
Elounda is Lassithi's premium address, and this 40 sqm studio benefits directly from it. At EUR 4,900/sqm, you pay the Elounda premium: the area attracts international visitors accustomed to higher rates. A studio with shared pool and sea views 130m from the water performs well in the premium couple/solo segment (median ADR ~EUR 151/night in the Agios Nikolaos area). The main asset: the Elounda brand allows rates 20-30% above neighbouring zones. The consideration is the floor area: 40 sqm limits guest capacity and therefore revenue per night. Gross yield caps around 7% for this type of upscale property.
Apartment 1 bed 40 sqm with pool & sea view - Epano Elounta
€196,000
1
bedroom
1
bathroom
40
sqm