Stone-Clad 4-Bedroom Villa on 8,500 sqm, Vainia
€695,000
Description
On the hills of Vainia, between Ierapetra and Makrigialos, this 312 sqm stone-clad villa sits on 8,500 sqm of olive-planted land. Two independent dwellings: the main house of 168 sqm (living room, open kitchen, 2 bedrooms, covered terraces) and a separate 98 sqm apartment (2 bedrooms, own entrance). 46 sqm garage, underfloor heating, air conditioning, jacuzzi bath. Sold fully furnished, ready to operate. 8,500 sqm of olive trees, local stone blending into the hillside, the quiet of the hinterland between Ierapetra and Makrigialos: this is deep Crete, with the best of both coasts a short drive away. The dual-unit layout lets you rent both in season or live in one and let the other year-round. At EUR 2,228/sqm across 312 sqm of built area, with this much land, the price-to-asset ratio is uncommon in Lasithi.
Features
Rental estimate
Estimated nightly rate
153 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
40,528 - 0 €
Estimated gross yield
Net after expenses & taxes: 3.1%*
Blended estimate: Kairos ADR model + 21 Airbnb comparables (EUR 294/night, lasithi_east zone, 4 bedrooms). Excluding management fees.
* 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
This is the type of property that rarely comes up in Lasithi. Two independent dwellings on 8,500 sqm, furnished, with genuine architectural character (stone facade, landscaped garden, palm trees). The price per sqm of built area (EUR 2,228) is reasonable given the spec: underfloor heating, jacuzzi, 46 sqm garage. The dual-unit configuration is the key asset: one main house for families (up to EUR 300/night), one apartment for couples (EUR 100-150/night), giving a combined potential of EUR 30,000 to 45,000 gross per season. Key consideration: 2 km from the sea means guests need a car. The 8,500 sqm plot offers space for a pool, which would significantly lift the nightly rate positioning.
Stone-Clad 4-Bedroom Villa on 8,500 sqm, Vainia
€695,000
4
bedrooms
2
bathrooms
312
sqm