Twin villas with private pools - Ferma, Ierapetra
€1,200,000
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
310 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
65,000 - 0 €
Estimated gross yield
Net after expenses & taxes: 4.2%*
Nightly rate and revenue for both villas combined (premium segment)
* 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
An exceptional premium-segment 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 significant expansion potential. Flexible rental strategy: rent both in high season (€330-360/night per villa), live in one and rent the other year-round. Key asset: the protected seafront guaranteed for life and proximity to a luxury hotel positions this for high-end clientele. Estimated rental potential for both villas combined: €310-720/night depending on season, or €65,000-80,000 gross annual revenue. Gross yield ~6% on purchase price.
Twin villas with private pools - Ferma, Ierapetra
€1,200,000
6
bedrooms
4
bathrooms
200
sqm