Description
Two independent twin villas on the seafront in Ferma, just 50 m from the sea with direct access. The seafront is protected: no construction allowed in front, guaranteed sea views for life. Located next to a luxury hotel, in a premium environment. Each villa has 3 bedrooms, 2 bathrooms, a living room with kitchen, and its own private pool. Total: 200 sqm of living space on a 4,100 sqm plot. Panoramic sea and mountain views. Equipped with solar panels, air conditioning and diesel heating. Building permits already obtained for an annex per villa, increasing potential. Ideal for a dual rental investment or family residence. 34 km from Sitia airport.
Features
Rental estimate
Estimated nightly rate
150 - 280 €
Estimated occupancy rate
60%
Estimated annual revenue
65,000 - 95,000 €
Estimated net yield
5.5%
Estimates based on local market performance. Results not guaranteed.
The Kairos take
Our unfiltered, on-the-ground analysis
An exceptional property. Two twin villas each with its own pool, 50 m from the sea with direct access and protected views (no construction allowed in front). Located next to a luxury hotel in Ferma, an authentic village between Ierapetra and Makry Gialos. The 4,100 sqm plot and existing building permits for annexes offer expansion potential. Flexible rental strategy: rent both in high season, live in one and rent the other year-round. 6 bedrooms total for maximum guest capacity and revenue. Estimated rental potential: €150-280/night per villa in season, or €65,000-95,000 gross annual revenue for both villas combined.
Twin villas with private pools — Ferma, Ierapetra
€1,200,000
6
bedrooms
4
bathrooms
200
sqm