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  • €138,500,000
    •
    CHECK IF AVAILABLE
    CHECK IF AVAILABLE
  • Development
  • For Sale 
  • Irakleion
  • greece Flag Greece
The beautiful site of 55 acres is located on
the north coast in the center of the Island of
Crete. The contours of the land guarantee
sea views from any spot on the site, which
has a coastline of nearly ¾ mile. The
building area is 11 acres.
Two detailed development studies have
been conducted for the site:
• Study A has one five-star hotel and
one five-star + hotel, commercial (cinema,
29 shops, mall, three restaurants, and four
coffee bars) as well as villas. There will be
350 houses, as well as 12 executive villas.
There will also be a marina, heliport, and
security. Total area of 20.7 acres.
• Study B has two five-star hotels of 200
rooms each, 460 furnished apartments, and
shops and restaurants. There will be four
thematic neighborhoods with elements from
the Mediterranean area. Total area for the
hotels will be 5.6 acres and total area for
the apartments will be 7.5 acres. Total
area for shops and restaurants will be one
acre.

Buy Greek Property and Get a European
Visa
In April 2013 the Greek parliament passed
legislation to offer residency to non
European Union purchasers of properties
over €250,000 (about $323,000). The new
law offers a five year buyer`s residency as
well as the chance of obtaining a Schengen
visa that can enable the holders and their
families (spouses and children under the
age of 18) to freely travel in the Schengen
area of 25 European countries for three
consecutive months at a time. The
residency can be renewed after the initial
five year period. Now the prospects for the
non European Union house hunters to find
a bargain in the Greek `buyer`s` real estate
market seem even more promising.
The beautiful site of 55 acres is located on
the north coast in the center of the Island of
Crete. The contours of the land guarantee
sea views from any spot on the site, which
has a coastline of nearly ¾ mile. The
building area is 11 acres.
Two detailed development studies have
been conducted for the site:
• Study A ha...
View more
CHECK IF AVAILABLE
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