2440135 Plot Of Land For Sale, Mykonos, 74.000 Sq.M., €35.000.000

FOR SALE – EXCEPTIONAL SEAFRONT DEVELOPMENT LAND 74,700 SQ. M. IN MYKONOS – INCLUDED IN ESCHASE FRAMEWORK
An exceptional investment opportunity is now available in one of the most privileged and rapidly developing areas of Mykonos. This unique land parcel of 74,700 sq.m. is situated just 150 meters from the sea and enjoys breathtaking, unobstructed panoramic views of the Aegean Sea.
The property’s naturally amphitheatrical layout ensures magnificent sea views from virtually every point of the land, while its sloping terrain offers ideal conditions for the construction of cave-style (underground) luxury developments, allowing seamless integration into the Cycladic landscape while maximizing privacy, aesthetics, energy efficiency, and view corridors.
One of the property’s most significant advantages is its inclusion within the framework of approved Organized Tourism Development Areas (ESCHASE – Special Spatial Development Plans for Strategic Investments). As such, the property is exempt from the current restrictions affecting the issuance of building permits in Mykonos, making it a rare and highly valuable asset for large-scale tourism and hospitality investments. This strategic status provides substantial development security and adds considerable long-term value in a market where large developable land holdings are increasingly scarce.
The land is suitable for tourism development, luxury residential projects, hotel and resort complexes, rental villas, branded residences, restaurants, leisure and entertainment facilities, retail uses, cultural venues, and other supporting infrastructure. Its location near the sea and within a highly sought-after tourism destination makes it particularly attractive for investors and developers seeking a landmark project in one of the world’s most prestigious island destinations. Through the Strategic Investments procedure (ESCHASE), it is possible to develop a hotel complex of approximately 7,800 sq.m., along with 13 independent villas of approximately 250 sq.m. each. Due to the natural slope of the terrain, certain sections of the property are suitable for the construction of underground (cave-style) buildings. The floor area of underground structures is counted at only 50% of its actual surface area for building density calculations. The applicable planning and building regulations provide significant development potential, including a minimum plot size of 4,000 sq.m., minimum frontage of 25 meters on a public road, a building coefficient (FAR) of 0.20 for general permitted uses and 0.15 for tourism facilities, maximum site coverage of 10%, free-standing building system with a minimum setback of 15 meters from property boundaries, maximum building height of 7.5 meters, and up to two floors.
Land uses include residential development, Class A and AA tourism facilities, hotels and resorts, commercial stores, cafés, restaurants, entertainment and recreation venues, public gathering spaces, cultural facilities, agricultural storage buildings, pumping stations, water reservoirs, wells, and other supporting infrastructure.
Located in the Kalafatis area of Mykonos, this sloping, amphitheatrical property is ideally suited for tourism development, hotel projects, luxury residences, rental accommodations, and large-scale strategic investments. Combining immediate proximity to the sea, spectacular panoramic views, underground building potential, and the unique advantage of ESCHASE inclusion, this is a truly rare opportunity to create an iconic destination in one of the Mediterranean’s most desirable luxury tourism markets.
Price: €35.000.000.
Manelis Luxury Properties, contact phone: [hidden information], email: [hidden information]