MALEVIZI - PALEOKASTRO
Property Code: 541545
UNIQUE SEAFRONT RESIDENTIAL COMPLEX IN PALAIOKASTRO, HERAKLION, CRETE – €2,200,000 A distinctive seafront investment opportunity with views over Heraklion Bay and multiple potential uses. Located in the sought-after area of Palaiokastro, within the community of Rodia, just 13 km from the city of Heraklion, this distinctive seafront residential complex is offered for sale on a 4,350 sq.m. plot, with direct access to the sea. Its exceptional location, panoramic views over Heraklion Bay and access to a beautiful natural cove create a unique setting where privacy, tranquility and a close connection with nature meet convenient access to the city. One of the property's most distinctive features is its handcrafted staircase leading down to the water's edge, complemented by carefully designed outdoor areas that reflect attention to detail and aesthetic appeal. THE PROPERTY COMPRISES: 7 apartments ranging from 28 to 35 sq.m. 1 larger apartment of approximately 100 sq.m. Terraces and semi-outdoor areas. A swimming pool with the potential to be recommissioned. Parking facilities and extensive open spaces. The residences are in excellent condition and offer scope for further adaptation, including the potential to combine selected units, subject to the relevant planning and building regulations. The property benefits from active electricity, water, telephone and Wi-Fi connections, as well as legal access from the Heraklion–Agia Pelagia National Road. MULTIPLE INVESTMENT POSSIBILITIES The complex previously operated as tourist accommodation, making it an interesting proposition for investors exploring opportunities in Crete's tourism and property markets. It may also appeal to buyers seeking a distinctive seafront residential complex for private use, long-term rentals or short-term holiday accommodation, subject to the applicable planning, licensing and regulatory requirements. The generous plot, multiple residential units, immediate proximity to the sea and distinctive character of the property combine to offer a compelling opportunity in the wider Heraklion area. An exceptional property for those seeking more than a place to stay: a unique seafront setting with character, privacy and potential for future development. Price negotiable. For further information and to arrange a viewing, please contact us.
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| Renovation : | Some |
| Elevator : | No |
| Floors : | Tile |
| Satellite Antena : | --- |
| Solar heater : | Yes |
| Heating : | Without elevator heating |
| Pets acceptable : | Yes |
| Kitchen : | Single with dinning room, Modern |
| Kitchen (number) : | 8 |
| Security door : | Yes |
| Stairs : | External, Interior |
| Fireplace : | Yes |
| Type Power : | Three phase |
| Terraces : | Big |
| Property area : | 4350 |
| External appearance : | Excellent |
| Garden : | Yes |
| Balconies (s.m.) : | 1 |
| Surrounding area : | Close to the sea |
| Swimming pool : | Yes |
| Storehouse : | Yes |
| Number of apartments : | 8 |
| Zone : | Residential zone |
| View : | Sea, Unlimited |
| Position : | Facade |
| Suitable for Vacation House : | Yes |
| Suitable for Business use : | Yes |
| Suitable for Students : | No |
| Property status : | Newly built |
| Quality construction : | Modern construction |
| Orientation : | Eastern |
| Penthouse : | Yes |
| Transportation : | Bus |
| Alarm : | Yes |
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
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