Real Estate Details
The Residences at The Westin Resort, Costa Navarino is a collection of fully-furnished, freehold resort apartments for sale at the heart of The Westin Resort, Costa Navarino. Apartments’ owners are entitled to a certain free usage period per annum along with a rental income for the remaining time of the year.
Each apartment is formed by a Family Suite and an interconnecting Deluxe Room, part of The Westin’s existing collection of rooms and suites. Laid out on a 120 sqm single floor area, all apartments consist of two bedrooms with en suite bathrooms, a living/dining room, a WC and spacious covered verandas. While all apartments are similar in size, layout and interior design, different options are available in terms of levelling and views. A limited number of apartments feature a private infinity-edge swimming pool.
Prices from 500,000 to 1,000,000 euro.
Owners may use their apartment for eight weeks every year*, enjoying access to all resort facilities, amenities and experiences, including Costa Navarino’s 18-hole signature golf courses, The Dunes Course & The Bay Course. At the same time, they receive an annual income by placing their apartment in the resort’s rental pool, when not in use, through a fully managed, mandatory 18-year rental program.
The rental program provides, for the first 5 years, a fixed annual income equal to 4% of the purchase value (net-of-expenses, pre-tax). For the remaining 13 years of the lease contract, income is based on a 50/50 split system between the owner and the operator.
Navarino Dunes is a gated community, providing 24-hour security throughout the year. Owners have access to all 5-star resort’s amenities, including two signature golf courses, state of the art kids’ facilities, the 4,000 sq. m ANAZOE spa, more than 20 restaurants, bars and cafes, year-round property management, concierge services and an impressive 1km long sandy beach.
Costa Navarino,a global paradigm in sustainable tourism, has received over 95 international awards and prestigious titles such as the World Travel & Tourism Council’s Tourism for Tomorrow Awards – ‘Best Global Sustainable Destination’ and “2017 European Golf Resort of the Year” at the IAGTO Awards ceremony held in Palma, Spain, on November 17, 2016.
Greece Sotheby’s International Realty is not associated with, sponsored by or endorsed by Starwood Hotels & Resorts Worldwide LLC, or its affiliates as the franchisor of the hotel and as the owner of the Westin® trademark. Any sale by Greece Sotheby’s International Realty is conducted independently of such parties and the hotel operation.
* specific restrictions apply