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