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