Seafront Investment Land Plot – Plaka Area | Spinalonga, Crete.

Investment Land Plot – Plaka Area | Spinalonga, Crete Exclusive Assignment from REMAX REAL.

An exceptional investment opportunity is presented in the area of Plaka, directly opposite Spinalonga, one of the most recognizable and prestigious destinations in Eastern Crete, with strong international visibility.
The location is within close proximity to Elounda and Agios Nikolaos, both internationally established hubs of luxury tourism, hosting some of the most prominent luxury resorts in the Mediterranean.
The property is situated in a prime area experiencing significant tourism development and offers excellent prospects for tourism-related development or a mixed-use hospitality project. Its position within the wider Elounda–Plaka zone, combined with its immediate proximity to Spinalonga and views over the Mirabello Bay, makes it particularly attractive to investors seeking high-quality developments in one of the most dynamic tourism markets in Greece.

Key Investment Features
Total Land Area: approximately 24,000 sq.m.
The property is divided into two distinct sections, both suitable for tourism development: Section within Plaka Settlement

Area: 6,400 sq.m.

Buildable Area: 2,180 sq.m.

Permitted Use: Tourism facilities

Section outside Settlement

Area: 17,000 sq.m.

Building Coefficient (tourism use): 0.20

Buildable Area: 3,400 sq.m.

Total Permitted Buildable Area (Tourism Use)
5,580 sq.m.

Development Potential
The property is ideal for the development of a high-quality tourism project, leveraging the unique location and the continuously increasing international demand for luxury accommodation in the wider Elounda–Plaka area.
Indicative development options include:

Boutique hotel development

Luxury villas or branded residences complex

Small-scale luxury resort

Mixed-use development (residences & hospitality units)

The Plaka–Elounda area is considered one of the strongest luxury destinations in Greece, attracting significant international investment in the hospitality sector and maintaining consistently high demand for premium developments.

Investment Perspective
This property represents a rare opportunity to acquire a unified land plot in one of the most privileged locations in Eastern Crete, with clear development potential and strong prospects for capital appreciation.
Its strategic location, total land size, and building capacity make it particularly suitable for investors aiming to develop a high-end tourism project within an already established international destination. RE/MAX Real

[hidden information]

RE/MAX REAL – Heraklion, Crete
Sofokli Venizelou Avenue [hidden information]
Phone: [hidden information]598
Mobile: [hidden information]
Email: [hidden information]

RE/MAX REAL – Agios Nikolaos
6 Themistokleous Street, 72100
Phone: [hidden information]240
Mobile: [hidden information]
Email: [hidden information]

We are at your disposal for any additional information, as well as to schedule a visit to the property.
Please note that presenting a valid ID is required for the property showing.
Contact us today to find the property you’ve always dreamed of!