Stunning 5 Bedroom Villa Walking Distance To Coral Bay Beach For Sale

Special Reduced Price: For sale is a stunning detached villa in Pegeia – Coral Bay, one of the most sought-after residential and holiday-home destinations in Cyprus. Ideally located within walking distance to Coral Bay Beach, restaurants, shops, and all local facilities, this beautiful home offers convenience, privacy, and exceptional coastal living.

The property is leasehold, and therefore there is no separate title deed. The purchase will be completed through a Sale Agreement, following the same procedure used by the current owner when she purchased the property.

There are no mortgages or other financial encumbrances on the property, as it was originally purchased in cash.

The annual lease payment to the Church is €102.52. The current lease expires in 2066, meaning that approximately 41 years remain, after which the lease may be renewed in accordance with the applicable terms.

You may renovate the property according to your preferences and sell it in the future, should you wish to do so. There are no restrictions preventing you from renovating or reselling the property, subject to the terms of the lease.

As part of the purchase, you will enter into a Sale Agreement for the property, while the lease agreement with the Church will be transferred into your name.

Property Description

Built in 1997, the villa offers an impressive 300 m² of internal space across three levels: basement, ground floor, and first floor (1st and 2nd 197sqm). It is perfectly designed for family living, long-term residency, or use as a high-yield holiday rental.

Needs some renovations and maintenance in the basement area.

Needs garden maintenance.

The property includes:

Five spacious bedrooms

Four modern bathrooms

Bright, south-facing living spaces

Large private plot with mature surroundings

Private swimming pool

Beautiful sea views

The south-facing orientation ensures plenty of natural light throughout the day, creating warm and inviting interiors. The outdoor area is ideal for relaxation, entertaining guests, and enjoying Cyprus’s sunny climate.

Location Benefits – Pegeia & Coral Bay

Pegeia – Coral Bay is known for its blue-flag beaches, vibrant lifestyle, and excellent year-round amenities. Residents benefit from:

Sandy beaches within walking distance

Restaurants, cafés, supermarkets, and entertainment

Access to bus routes, schools, and recreational activities

A relaxed, nature-inspired lifestyle with strong community appeal

This area continues to be one of the strongest real estate investment zones in Paphos, attracting both holidaymakers and property investors.

Additional Features

Fully furnished

Spacious interior layout

Ideal for permanent living or holiday use

Excellent rental potential

Sea-view outdoor spaces

Private swimming pool and sun terraces

Investment Opportunity

This resale villa in Coral Bay represents an excellent opportunity for anyone seeking a family home, holiday property, or a profitable investment in Cyprus. With its prime location, generous layout, beautiful views, and easy transfer process, this property stands out as a rare find in the Coral Bay property market.

For more details or to arrange a viewing, contact Unique Cyprus Homes today.