Description

A contemporary villa built in 2019 on the hillside above Elounda, 1km from the sea and 5 minutes from the village centre. The architecture blends natural stone, warm tones, and luxury furnishings to create an atmosphere that is both refined and rooted in the Cretan landscape. The 200 sqm villa has 4 bedrooms and 3 bathrooms. The master suite features a walk-in wardrobe and rainfall shower. A 40 sqm infinity pool and a fully equipped outdoor kitchen allow full enjoyment of the garden and panoramic views over the Aegean. The security system is automated and heated towel rails are fitted in all bathrooms. The property sits on a total plot of 8,000 sqm split into two adjacent parcels of 4,000 sqm each. The adjacent land comes with a valid building permit through end of 2027, authorising the construction of two additional villas. Twenty olive trees and fruit trees make up the garden. This property represents a rare opportunity in Elounda, one of the most sought-after villages on the northern Cretan coast, known for its prestigious hotel offer and high-end international clientele. The development potential of the adjacent plot makes it a high-yield rental asset.

Features

Rental estimate

Data based on 2025 luxury villa comparables in Elounda. Permit for 2 additional villas represents significant land value not reflected in rental yield.

* 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.