For Sale €500,000 - Houses
Sold as is.
A large unfinished building on private land of 212 square meters in the prestigious area of Elounda, Crete.
The property is only 200 meters from the sea, the port, and the center of the village, offering excellent access to all amenities and the beautiful coastline.
The building is on two levels, each approximately 130 sq. meters. It offers great flexibility in terms of layout: it can be developed into two spacious apartments (one on each floor, each potentially featuring 3 bedrooms and 2 bathrooms), or alternatively into four smaller apartments (two on each floor, around 60 sq. meters each).
A staircase can be added to access a large roof terrace with sea views — a wonderful feature made easy due to the building’s flat roof.
This property presents a great investment opportunity, as it can be transformed into rental units that could generate a strong and steady income, especially given its prime location in a popular tourist destination.
ELOUNDA
Elounda was a small fishing town on the Mirabello Bay, on the island of Crete.
Although fishing is still a large part of life in this very picturesque area, tourism has taken over as the main industry of Elounda.
It is part of the municipality Agios Nikolaos. It is popular with European tourists and has many hotels including several 5*hotels.
Elounda is also the closest major town to the former leper colony of Spinalonga. The town is a 10 minute drive to Agios Nikolaos and the village of Plaka (Lasithi).
- Measurements and distances are approximate and intended as a guide only.
- The price does not include buyer's purchase expenses (purchase tax, legal/administrative costs and real estate agent fee).