Newly Built Luxury Villa in Elounda
€5,000,000
Description
A newly completed luxury villa in Mavrikiano, above Elounda, with 180° unobstructed sea views. Decorated by hand with authentic Indonesian pieces, each space exudes a unique atmosphere blending global craftsmanship with contemporary comfort. On the ground floor: living room, dining area, open kitchen, and a master suite with kitchenette and independent entrance. On the lower level: a second living room, three sea-view bedrooms all ensuite, a private cinema, and a panoramic terrace. The basement houses a 210 sqm conference room, ideal for seminars or corporate events. The exterior is dominated by an infinity pool that blends into the sea horizon. The foundations of a guesthouse are in place with an active building permit, offering immediate extension potential. Private parking, a BBQ area, and outdoor dining facilities complete the ensemble. The villa accommodates up to 10 guests in absolute comfort. Elounda, renowned for its luxury hotels and exceptional setting, is just minutes away. An extraordinary property designed equally for premium seasonal rental, residential use, or professional events.
Features
Rental estimate
Estimated nightly rate
600 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
160,000 - 0 €
Estimated gross yield
Net after expenses & taxes: 2%*
Data based on Lasithi 2025 comparables (Airbnb, Booking.com). Occupancy aligned with Lasithi average (~55%). Net deducts: 20% management, ENFIA, maintenance, 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
A trophy asset in Elounda: new build, 420 sqm, Indonesian decor, 180° sea views, infinity pool — this property competes directly with Elounda's 5-star resorts (Blue Palace, Daios Cove). The guesthouse permit opens a second independent revenue stream. In absolute terms, €120,000-180,000 gross annual revenue is a strong result; the 1.8-2.3% net yield is the cost of entry into the ultra-premium segment. Prime opportunity for a buyer seeking top-tier personal use with class-A rental potential.
Newly Built Luxury Villa in Elounda
€5,000,000
5
bedrooms
5
bathrooms
420
sqm




