Casa Del Maestro, Listed Property For Renovation In The Old Town Of Rhodes

Situated in one of the most iconic and high-profile locations of Rhodes Old Town, directly next to the entrance of the Palace of the Grand Master of the Knights of Rhodes, this rare listed property dating back to 1809 presents a unique combination of historical significance and exceptional investment potential.

The property extends over a total area of 218 sq.m. across three levels, comprising a 32 sq.m. basement, a 93 sq.m. ground floor with direct access to the courtyard, and a 93 sq.m. first floor, while also featuring a private courtyard of 223 sq.m., an अत्य rare element within the medieval walls that significantly enhances both its value and development prospects.

The building requires renovation, offering the opportunity to fully restore and highlight its authentic historical character in accordance with heritage preservation standards, making it ideal for transformation into a boutique hotel, luxury residence, traditional guesthouse, or high-end restaurant in an area of consistently strong foot traffic throughout the year.

Its rarity, prime position next to the city’s most important landmark, and timeless character make it a truly outstanding asset with high appreciation potential.

Location: Located next to the main town of Rhodes, north of the island, 13km from the International airport of Rhodes and also next to the main harbour.
Unique features: The Medieval Old Town of Rhodes is one of the best preserved citadels in Europe which in 1988 was designated as a UNESCO World Heritage Site. When entering the Old Town one steps into another era with numerous alleyways and historical landmarks to discover. One of the most obvious sights is the Grand Master’s Palace (15th. Century) which can be approached from the famous cobbled Street of the Knights. With a mixture of minarets from the Ottoman period, medieval structures from the Italian period, an assortment of tourist shops and watering holes for a cosmopolitan nightlife, the Old Town offers endless fascination in its own individual orb.
Accessibility: Access into the Old Town of Rhodes is permitted only for residents who have their own vehicles. There are electric taxis that take passengers from the gates of the Old Town inside the walls.
Investment potential: As there is only limited space available, plot prices are very high. Prices are therefore highly dependent on the state of the relevant plot or building.