Ithaca Unique Residence – Architectural Renovation Project Over The Ionian Sea

Amphitheatrically positioned above the bay of Vathy in Ithaca, the Ithaca Grand Residence is a high-aesthetic private retreat set on a 15,114 sq.m. plot, offering unobstructed panoramic views over the Ionian Sea and the surrounding natural landscape. Its architecture draws inspiration from Italian country estates, featuring symmetrical volumes, roofs with authentic reclaimed Italian tiles, and a harmonious blend of stone and wood, interpreted through a contemporary Mediterranean approach.

The interior layout is defined by spatial flow, natural light, and authenticity of materials, and includes expansive living areas exceeding 400 sq.m. with a fireplace, a dining area, and a handcrafted Chalon kitchen, complemented by solid wood flooring and underfloor heating throughout. The lower level is dedicated to wellness and entertainment, comprising a hammam, gym/billiard area, home cinema with bar, and four ensuite bedrooms, while the first floor hosts the master suite with walk-in closet and panoramic balcony, a VIP suite with fireplace and jacuzzi, and two additional bedrooms. The residence also includes staff accommodation, fully integrated auxiliary spaces, and smart home infrastructure enabling centralized and remote control of all systems.

The exterior design follows the natural topography, ensuring privacy and uninterrupted views from every point, with a 78 sq.m. infinity pool as its focal element, visually merging with the horizon. Outdoor living areas include a 20-meter pergola with lounge spaces, al fresco dining areas, a fully equipped outdoor kitchen, BBQ, and pool bar, while landscaped gardens with Mediterranean planting and Tuscan influences enhance the character of a private estate. There is also provision for the construction of a private helipad.

From an investment perspective, the property benefits from a valid 4-star hotel license with a capacity of 28 rooms, additional building potential of approximately 1,447 sq.m., and flexibility for development either as a boutique hotel or a complex of luxury residences. It is also fully eligible for the Golden Visa program and meets the criteria for the Greek Non-Dom tax regime, combining an exceptional lifestyle offering with significant investment and tax advantages.

Ithaca, one of the most authentic and understated islands in the Ionian Sea, stands out for its atmospheric charm and deep connection to nature and history. With growing interest from discerning international buyers and a limited supply of high-quality homes, it is an ideal destination for those seeking privacy, tranquility, and premium real estate. Its picturesque villages, sheltered coves, and unpretentious luxury enhance its long-term value. Luxury villa rentals offer attractive returns, while Ithaca appeals to buyers who appreciate authenticity, discreet elegance, and secure investment potential.

Appliances, BBQ Area, Green view, Harbour view, Water view, Yes, outdoor, Private