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Sale, Land, Residential

MEGISTI - CENTER

Property Code: 267231

Area 303 m²

350000

or by acquiring a mortgage €/ΜONTH

1155.1155115512 € / m²

Modify Date: 13/01/26

Description

An exceptionally rare 303 sq.m. plot is offered for sale on the island of Kastellorizo, in the historic and highly sought-after area of Mandraki, enjoying a truly privileged front-line position directly on the seafront. The property is flat, dual-aspect, fully buildable, and benefits from uninterrupted views of the Aegean Sea, offering an extraordinary sense of immediate connection to the water — a feature of remarkable scarcity and enduring value. With a building coefficient of 1.4 and a coverage ratio of 0.7, the plot allows for the development of up to 427 sq.m., providing exceptional potential for the creation of a luxury private residence or a high-end boutique hospitality project, perfectly aligned with the island’s authentic architecture and timeless character. Combining privacy with direct access to the settlement and the waterfront, this property represents a truly distinctive investment opportunity in one of the Mediterranean’s most iconic and unspoiled destinations.

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Distance from the sea (m) :	20
Depth :	30
Facade street :	Asphalt
Zone :	Residential zone
View :	Sea
Position :	Double frontage, Facade
Noise :	Quiet
Building width :	10
Building :	Yes
Enclosure :	Yes
Building existence :	No
Building(s.m.) :	424

Building permission :	No
Good condition :	Yes
Number of facades :	2
Drilling :	Yes
Slope :	Level
Urban condition :	Inside the zoning area
Structure factor :	1.4
Cover factor :	0.7

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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