Villa 2 bed 70 sqm with pool & sea view - Kouremenos
€350,000
Description
New-build villa of 70 sqm in Kouremenos, Itanos, completed in 2024. Features 2 bedrooms, 1 bathroom. Key highlights: 500m from the sea, sea views, swimming pool, fireplace, garden. High-end finishes and premium materials at €5000/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
71 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
12,958 - 0 €
Estimated gross yield
Net after expenses & taxes: 3.4%*
Estimate based on 113 Airbnb comparables in the Sitia area (2±1 bedrooms). Adjusted median rate: €119/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
Kouremenos is eastern Crete's most renowned kitesurfing spot, attracting a niche of sports travellers willing to pay for the setting. An independent villa with private pool and sea views, 500m from the beach: the positioning is clear. At EUR 5,000/sqm for 70 sqm, the price is high relative to the Sitia area average (~EUR 2,500/sqm), but the scarcity of this product on this micro-market partly justifies it. Median ADR in the Sitia area is around EUR 119/night for 2-bedroom properties, giving a modest gross yield of ~5.3%. The fireplace and wheelchair access are additional assets for broadening the off-season clientele. Best considered as a holiday home with supplementary income rather than a pure rental investment.
Villa 2 bed 70 sqm with pool & sea view - Kouremenos
€350,000
2
bedrooms
1
bathroom
70
sqm