Villa 3 bed 179 sqm with pool & sea view - Siteia
€2,442,600
Description
Brand new villa of 179 sqm in Siteia, 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: 0.7%*
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 2.44M for 179 sqm in Sitia, or EUR 13,646/sqm, five 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
€2,442,600
3
bedrooms
2
bathrooms
179
sqm