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Sale, Land, Residential

MALEVIZI - PALEOKASTRO

Property Code: 516789

Area 44461 m2

750100

or by acquiring a mortgage €/ΜONTH

16.870965565327 € / m2

Modify Date: 30/03/26

Description

Prime 44.5-Acre Land Plot in Paleokastro, Crete An exceptional investment opportunity is now available in the sought-after area of Paleokastro, Municipality of Malevizi, Crete. This expansive land plot spans a total area of 44,461.85 sq.m., offering a unique blend of privacy, scale, and strategic location near Heraklion. Technical Specifications & Development Potential: The property is legally buildable and meets all requirements for development. Situated outside the city plan and settlement boundaries, it offers a tranquil environment for high-end projects. The maximum permitted building area is 300 sq.m., with a coverage ratio of 10% and a maximum building height of 7.5 meters (allowing for a two-story structure). Key Investment Highlights: Clear Status: Technical due diligence confirms the absence of forestry protected areas (Forestry: NO) or water streams (Stream: NO) on the site. Strategic Location: Positioned at "Patitra" or "Gialia," the plot boasts excellent coordinates for panoramic views and immersion in the Cretan landscape. Development Ready: The land is currently unstructured and comes with updated topographic plans (as of late 2022), facilitating a smooth transition to the design and permitting phase. Whether you are looking to develop a private luxury estate or a boutique agrotourism project, this vast plot provides the canvas for a signature development in one of Greece’s most popular island destinations.

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Distance from the sea (m) : 100
Depth : 200
Zone : Residential zone
View : Sea, Mountain
Position : Facade
Building width : 355
Building existence : No
Building(s.m.) : 360
Energy Class : F
Good condition : Yes
Building height : 7.5
Slope : Incline
Structure factor : 0.08
Cover factor : 0.1

Loan Calculation

Loan Amount *Minimum loan amount 10.000€ Floating Interest Rate: Euribor 3M (indicatively 2%) + spread (from 1.75%) + contribution L.128/75 (0.12%) Fixed Interest Rate: from 2.8% + contribution L.128/75 (0.12%)
Loan Interest
Loan Repayment Period

Example: Loan of €100,000, total duration 30 years. For the first three years, final interest rate 2.92% and for the remaining 27 years, final interest rate 4%. Indicative installment for the first three years ~€420 and for the remaining 27 years ~€500

Indicative Installment Amount

Interest Amount:
*The final interest rate is determined based on the mortgage loan program (floating, hybrid, fixed) and the borrower's profile.

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