East Crete

Crete

Greece

Situated on the idyllic island of Crete, a massive plot of 2,600 acres of land is available for development. The Area has an impressive 2.5km unspoiled coastline and is located 10km from airport. The property offers a tranquil escape while being within easy reach of local attractions, historic sites, and charming villages. With the potential to develop a luxurious residential resort, it makes a golden opportunity for investors, boasting a breathtaking and uninterrupted panoramic 360 ̊ sea views. Surrounded by lush greenery, olive trees, and rolling hills, the landscape is a true Mediterranean paradise with a perfect climate conditions all year long.

DEVELOPMENT POTENTIAL: The plot is zoned for a Resort development, Villas & Residences, a Marina for tourist yachts and Golf course, offering limitless possibilities for creating an exclusive destination. It is a rare opportunity to own a piece of land in one of the most sought-after locations in Greece. This land is a developer's dream, with potential for a high-end residential resort that can include luxury Villas with private pools, elegant beachfront bungalows, a berth marina with water sport facilities, a wellness center with spa and thalassotherapy, golf course etc. All required licenses have been issued.

AREA (A): 556.130 acres.

A) Hotel Unit: 116.32 acres. Area for development: 107.844 acres. Buildable area 21,568sqm. B) Residential area: Total area: 204.7 acres: (1) Complex of 102 Two-Level Residences. (54 Villas and 48 Residences). Total building surface area: 18,000 sqm, Total spaces surface area: 19,200sqm, Basements and auxiliary spaces: 5,700sqm. (2) The commercial centre of the settlement develops in a bulding block of 7.908 acres. Total Building area: 1,565sqm. Basements and auxiliary spaces: 1,511sqm. (3) Guest House: is a unit of 12 furnished 4 or 5-key class Apartments. Total building surface area: 597sq.m., Total spaces surface area: 672sq.m., Basements and auxiliary spaces: 274sq.m. Total building surface area: 20,150sq.m., Main spaces surface area: 22,000sq.m, Basements and auxiliary spaces: 7,500sq.m.

Other areas: 235.098 acres. Agricultural areas 18.734 acres, grassland 62.734 acres (for further development), seashore areas 97.822 acres (between the coast and shoreline), forest areas 40.488 acres (in the process of declassification into agricultural), grassland 15.320 acres (in the process of declassification into agricultural).

AREA (B): 2,103 acres comprises of 235 independent properties. The total area comprises of: Agricultural areas: 1,108.203 acres. Forest areas 586.051 acres. Grassland 303.689 acres. Unclassified areas: 105.066 acres.

SECOND RESIDENTIAL AREA: (Area under special zoning regulations) 304.078 acres. (Foreign properties of 50.834 acres are available within the residential area which shall be excluded). Τhe construction of 51 independent luxurious villas is recommended within the 51 independent properties, which fulfill the requirements for the outside urban planning zone and in which villas of 200 to 280 sq.m. shall be constructed on two floors with pool etc. These independent villas shall be constructed around the GOLF facilities.

GOLF COURSE:
The initial planning of the project was conducted by the famous Architect, Jack Nicklaus. The design will be completed following the declassification of forest areas 565.816 acres and grassland 303.689 acres.