$632,668

High Value Investment Property Under Construction With Sea Views In Gytheio

  • 3 Beds
  • 3 Baths
  • 1,992 Sqft
  • Updated: October 23

About the Property

The property is located in the charming and picturesque town of Gytheio, in Laconia, set in an elevated position on the first tier of the hillside in the Lagkadaki area, among notable architectural buildings. It enjoys unobstructed views of the Laconian Gulf and the historic islet of Cranae.

It features balconies facing north and west, ideal for relaxation while enjoying the stunning sea
The property is located in the charming and picturesque town of Gytheio, in Laconia, set in an elevated position on the first tier of the hillside in the Lagkadaki area, among notable architectural buildings. It enjoys unobstructed views of the Laconian Gulf and the historic islet of Cranae.

It features balconies facing north and west, ideal for relaxation while enjoying the stunning sea landscape. Access is provided via a municipal road as well as through scenic steps connecting to the main road. The property is situated within the residential area, just a short walk from the central square and the port, offering tranquility away from the busy commercial center.

The building is currently undergoing full renovation and restoration, based on an award-winning architectural design, using high-quality materials and refined aesthetics. Features include a tiled roof, wooden ceilings, premium flooring, and high-quality window frames, all harmonized with the local architectural tradition.

The total area is 185 sq.m., developed across two levels, on a 119 sq.m. plot. The property will be configured into three independent, fully furnished apartments, designed with a balance of stone and wood elements and minimal, high-quality furnishings.

Breakdown:

- Level 1: 79 sq.m.
- Level 2: 69 sq.m.
- Maisonette: 37 sq.m.
There is also the option to unify the units into a single functional residence.

Completion is expected within 6 months.

The property is eligible for the Golden Visa program and represents an excellent investment opportunity, suitable for use as a premium tourist accommodation.

Location: Gytheio, a historic town and port in southern Peloponnese, is situated in the western part of the Laconian Gulf. The town of Gytheio is built amphitheatrical, offering panoramic views of the sea and a unique natural landscape. It serves as the seat of the municipality of the same name, which includes 18 municipal districts, as well as the seat of the Holy Metropolis of Mani.

Unique Features: Gytheio boasts a wealth of attractions that draw visitors from around the world. Major points of interest include the islet of Kranae, the Tzannetakis Tower, the Historical and Ethnological Museum of Mani, and the beautiful beaches of the area, ideal for relaxation and water activities. Additionally, the region is renowned for its high-quality local products and rich culinary tradition, offering unique flavors for all visitors.

Accessibility: Gytheio is easily accessible, being just 270 kilometers from Athens, 45 kilometers from Sparta, and 140 kilometers from Kalamata. The area can be reached by both sea and car. Internal transportation in Gytheio and the surrounding areas is primarily by car and taxi.

Investment Potential: Gytheio is emerging as one of the most rapidly developing tourist destinations in Greece, attracting an increasing number of foreign and Greek investors. The region’s development and the steadily growing demand for real estate make Gytheio an excellent choice for investments in the real estate sector.

Water view
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  • Property type

    Other

  • Floors

    2

  • Year built

    1980

  • Price/sqft

    $317

Features

  • Water View
  • Mountain View
  • Sea View
  • Renovated
  • Investment Property
  • Panoramic / Scenic View
  • Gas Stovetop
  • High Ceiling
  • Balcony

Explore the Area

Gytheio, Peloponnese, Western Greece and the Ionian, Greece View on Google Maps
Price per sqft
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View 18 more listings in Gytheio

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Engel & Völkers Greece Second Home MMC
Greece
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351
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2025
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Are you dreaming of owning your own four walls and wondering about all the different things that need to be consid
Are you dreaming of owning your own four walls and wondering about all the different things that need to be considered? When is the right time to buy a property? What type of property is best suited to you? And most importantly: what are the costs involved? For most people, buying a property is a very special milestone that marks the biggest investment of their lives. That’s why it is so important to think it through carefully beforehand. 
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Last updated
October 23
First listed
October 23
Listing reference
I-048P4C-W-048P4C
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