Luxury Villas Compound For Sale – Elounda, Crete

Exceptional Investment Opportunity | Sea View | Development Potential

Located in the prestigious area of Kyperi, just above the Agios Nikolaos – Elounda Peripheral Road, this unique villa compound is set on a 6,929 sq.m. amphitheatrical plot, offering unobstructed panoramic views over the Elounda Gulf from every residence.

Property Overview

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  Total land area: 6,929 sq.m.

  
  


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  Total built area: 521 sq.m. (fully legalized)

  
  


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  Construction period: 1998–2004

  
  


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  Last renovation: 2023

  
  


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  Number of villas: 8 independent villas

  
  


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  Architecture: Authentic Mediterranean style

  
  

The villas are developed in three distinct zones, ensuring privacy, harmony, and uninterrupted sea views:

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  Zone 1: 2 villas

  
  


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  Zone 2: 4 villas

  
  


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  Zone 3: 1 small villa & 1 larger villa

  
  

Villas Description

Seven identical villas are arranged on two levels:

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  Total area: 60 sq.m. each

  
  


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  Ground floor: Master bedroom & bathroom with direct access to private garden

  
  


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  Upper floor: Main entrance, fully equipped kitchen, living & dining area, guest WC, balcony

  
  

One larger villa:

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  Total area: 101 sq.m. (50.5 sq.m. per level)

  
  


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  Ground floor: Two spacious bedrooms & one bathroom

  
  


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  Upper floor: Large living room, separate dining area & independent kitchen

  
  

All villas are fully furnished with bespoke handmade furniture crafted by local artisans, perfectly complementing the Mediterranean architectural identity of the complex.

Outdoor & Shared Facilities

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  Private gardens for each villa (varying sizes)

  
  


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  Balconies with panoramic sea views

  
  


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  Common swimming pool (120 sq.m.) with a unique mushroom-shaped design

  
  
  
  
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    Minimum depth: 0.70 m

    
    
  
  
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    Maximum depth: 2.80 m

    
    
  
  
  
  


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  Basement storage area: 110 sq.m.

  
  

Additionally, four villas have approved building permits for private swimming pools, significantly increasing their luxury profile and rental value.

Development Potential – Additional Plots

On the right side of the compound, there are two additional plots of 1,500 sq.m. each (total 3,000 sq.m.) with:

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  Active building licenses since 2009

  
  


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  Permission to develop 3 luxury villas:

  
  
  
  
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    2 villas of 125 sq.m.

    
    
  
  
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    1 villa of 250 sq.m.

    
    
  
  
  
  


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  Private swimming pool for each villa

  
  


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  Architectural design by one of the most prestigious architectural offices in Crete

  
  

Ideal For

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  Luxury hospitality investment

  
  


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  High-end villa rental business

  
  


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  Boutique resort or private estate

  
  


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  Investors seeking premium real estate in Elounda, Crete

  
  

A rare opportunity combining existing income-producing villas, approved expansion potential, and one of the most sought-after locations in Crete.

STELLA MASOUROPOULOU
Helios Luxury Estate,
contact phone: [hidden information],
email: [hidden information],
website: [hidden information]