House 3 bed 155 sqm with pool & sea view - Kato Pines
€370,000
Description
Brand new house of 155 sqm in Kato Pines, Agios Nikolaos, recently completed or under construction. Features 3 bedrooms, 2 bathrooms, spread over 3 levels. Key highlights: sea views, swimming pool, fireplace. Modern construction with quality materials at €2387/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
205 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
37,412 - 0 €
Estimated gross yield
Net after expenses & taxes: 5.2%*
Estimate based on 36 Airbnb comparables in the Agios Nikolaos area (3±1 bedrooms). Adjusted median rate: €342/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
Kato Pines sits north of Agios Nikolaos, in a hilly area with open views over Mirabello Bay. At EUR 2,387/sqm, the price is 25% below the Agios Nikolaos average, and the 2,000 sqm plot provides real land value. The 155 sqm house across 3 levels with fireplace and pool has the ideal format for premium family rentals. Diesel heating and 3 floors mean higher maintenance costs than a single-storey property. The distance to the sea (~800m) absolutely requires a vehicle. Gross yield around 8% is realistic for this property type, but it is the quality of life and land appreciation potential that make this file most interesting.
House 3 bed 155 sqm with pool & sea view - Kato Pines
€370,000
3
bedrooms
2
bathrooms
155
sqm