Villa 3 bed 179 sqm with pool & sea view - Siteia - Center
€1,825,000
Description
Brand new villa of 179 sqm in Siteia - Center, Siteia, recently completed or under construction. Features 3 bedrooms, 2 bathrooms, spread over 3 levels. Key highlights: just 10m from the sea, sea views, swimming pool, fireplace, garden. High-end finishes and premium materials at €10196/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
108 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
19,710 - 0 €
Estimated gross yield
Net after expenses & taxes: 1%*
Estimate based on 19 Airbnb comparables in the Sitia area (3±1 bedrooms). Adjusted median rate: €180/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
The most expensive property in this batch by far: EUR 1.825M for 179 sqm in Sitia, or EUR 10,196/sqm, four times the local average. The justification: absolute seafront (10m), 1,042 sqm plot, jacuzzi, traditional oven, BBQ, fireplace, 3 levels on a sloping plot facing the sea. This is an exceptional product for a buyer seeking prestige in Sitia. Rental yield is secondary: with a median ADR of ~EUR 180/night in the Sitia area, gross yield caps at 1.5%. The 19 Airbnb comparables in the area confirm that Sitia is not (yet) a premium rental market. This property is for a buyer who wants to live facing the sea and possibly rent out a few weeks in summer.
Villa 3 bed 179 sqm with pool & sea view - Siteia - Center
€1,825,000
3
bedrooms
2
bathrooms
179
sqm