Luxury Residence in Agios Nikolaos
€950,000
Description
A high-end three-level villa set on the hillside above Agios Nikolaos, with commanding views over Mirabello Bay. Located 400 metres from the sea and 2.5km from the town centre, the property offers a rare balance between residential tranquillity and proximity to urban amenities. The villa spans 300 sqm of living space with 7 bedrooms and 5 bathrooms spread across three floors connected by an internal staircase. Each level features terraces and pergolas to take full advantage of the sea views and the carefully landscaped Mediterranean garden. Finishes are of high quality throughout: air conditioning in every room, double-glazed windows, natural gas heating, and a fireplace for the winter months. A storage room and private parking complete the property's practical amenities. The 1,050 sqm plot offers the possibility of adding a swimming pool. This villa suits both a large family and a premium rental project, with a capacity and volume that meet the standards expected from luxury villas in eastern Crete.
Features
Rental estimate
Estimated nightly rate
180 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
55,000 - 0 €
Estimated gross yield
Net after expenses & taxes: 3%*
7 bedrooms target the group and family market. Adding a pool could increase ADR by €25–40/night and occupancy by 5–10 percentage points.
* 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
Seven bedrooms 400 metres from the sea with Mirabello Bay views — clear positioning in the group and family market, where margins are strongest. At €950,000, gross yield without a pool sits around 4.5–5.5%. Adding a pool changes the equation significantly: +€25–40/night on ADR, +5–10 points of occupancy. The investment pays back in 2–3 seasons. Gas heating is a rare advantage for extending the season into May and October.
Luxury Residence in Agios Nikolaos
€950,000
7
bedrooms
5
bathrooms
300
sqm




