Historic Mansion With Approved Development Potential In Spetses

In the very centre of the cosmopolitan island of Spetses, this exceptional 18th-century mansion presents a rare opportunity to acquire a true piece of Greek heritage, reimagined for modern ultra-luxury living. Set behind a grand entrance and enveloped by one of the largest private plots within the town, this landmark residence offers both historical gravitas and extraordinary development potential.
Built in 1780 and listed for its architectural and cultural significance, the mansion was once the residence of Captain Malokinis, a figure intrinsically linked to the Greek War of Independence. Today, it stands as a timeless testament to the island’s noble past, where authenticity, scale, and prestige converge.
A sweeping stone staircase and manicured Mediterranean gardens create a striking arrival experience, while inside, approximately 383 sqm of interiors unfold through grand, light-filled spaces defined by soaring ceilings, original features, and a sense of enduring solidity. The residence retains rare historical elements, including its original hearth kitchen, offering a unique foundation for a sensitive yet luxurious restoration.
Set on an expansive 1,965 sqm plot—an exceptional rarity in the town centre—the estate is a private oasis of olive, citrus, and aromatic gardens, with the scale to accommodate resort-style outdoor living. Approved plans and licenses are already in place for a transformative redevelopment, including a new six-suite guest structure, a swimming pool, and a complete reconfiguration of the main residence to contemporary luxury standards.
The proposed design 240sq.m envisions elegant reception spaces, refined entertaining areas, and multiple en-suite bedrooms across both levels, seamlessly blending heritage architecture with modern comfort and sophistication. With all archaeological, architectural, and heritage approvals secured, the property offers a uniquely de-risked pathway to completion—saving years of complexity and substantial cost.
This is far more than a residence; it is a legacy asset. A property of this scale, provenance, and central positioning within Spetses is exceptionally rare, making it ideally suited for a private family estate, boutique hospitality concept, or trophy investment in one of Greece’s most prestigious island destinations.

Location: Spetses is a historic island of the Saronic Gulf.

Unique Features: Spetses is one of the most beautiful and cosmopolitan islands of Greece and is characterized by its rich beauty and great architecture, while a special feature is its numerous neoclassical houses.

Spetses is the ideal destination for short getaways in all seasons while cars are forbidden on the island and travel is by motorbikes, bicycles, taxis and carriages.

A unique feature of the island is that visitors can depart either from Porto Ηeli or from the Costa of Ermionida and in just a few minutes they can reach the island. The fact that the island of Spetses is close to the mainland makes it a top destination for short distance excursions from Athens.

Accessibility: The island is accessible by the Flying Dolphins that depart from the port of Piraeus and the duration of the trip is 2 hours. The island is also accessible from the port of Porto Heli. By car you can reach Costa and from there by water taxi Spetses is 5 minutes.

Investment Opportunity: The cosmopolitan character of the island and its stately beauty make it a magical tourist destination, strongly increasing investment interest.

Appliances, Building view, Green view, Harbour view, Water view