Vathy, Ithaki 283 00


Ownership: Villa
Type: Estate
Bedrooms: 15 BR
Bathrooms: 16
Area: 1447M² (15575.0 sq ft)
Exterior area: 1200.0M² (12916 sq ft)
Lot Size: 15000 M²
Council Tax Band: TBC


Price: €4,000,000


Welcome to "The Residence" on the enchanting island of Ithaca, Greece!

Nestled amidst the serene locale of Dendra - Melissia in Vathy, the capital of the island, this exceptional property presents an unparalleled opportunity for those seeking to create their own slice of paradise. With its semi-completed status and boundless potential, "The Residence" offers a myriad of possibilities for development, all while boasting incredible sea views that will leave you spellbound.

Currently in the process of being crafted into a luxurious 4-Star boutique hotel, complete with a valid building permit for 28 keys, this property is poised to become a beacon of hospitality on the island. However, what truly sets "The Residence" apart is its versatility. With its meticulously planned design and layout, this haven can effortlessly transition into a private ultra-luxury villa or be developed into separate grade-A units to suit your desires.

Spanning across a generous land plot of 15,000 m2, with 7,494.58 m2 under the existing license and an additional development potential of 1,447 m2, "The Residence" offers ample space for your vision to unfold. The main areas, comprising approximately 1,140.36 m2, are spread across a lower ground, ground, and first floor, providing a seamless flow throughout the property.

Crafted with the utmost attention to detail, "The Residence" showcases the finest in construction materials and amenities. From solid foundations to natural Greek stone and Italian wood flooring, every aspect exudes quality and elegance. The roof tiles, sourced from reclaimed antique terracotta tiles from Italy, add a touch of timeless charm to the architecture.

Explore a world of luxury living, where every comfort has been carefully considered. Indulge in spa facilities including a steam room and hammam, unwind by the heated infinity pool, or entertain guests in the fully equipped outdoor BBQ area and bar. With amenities such as a billiards room, 8-seater open-plan home cinema, fireplace, wine cellar, elevator, and smart home automation, "The Residence" redefines modern extravagance.

Whether you envision a tranquil retreat, a thriving boutique hotel, or luxurious private residences, "The Residence" offers endless possibilities in one of Greece's most coveted destinations. Immerse yourself in the rich heritage of Ithaca, the mythical land of Odysseus, Homer, and the Odyssey, where every sunrise and sunset is a reminder of its timeless allure.


  • Amazing sea views
  • Bar
  • BBQ Area
  • Billiards Room
  • Clay roof tiles
  • Elevator
  • Entertainment Area
  • Garage
  • Hammam
  • Hardwood Floors
  • Home Cinema Room
  • Infinity Edge Swimming Pool
  • Natural Gas Heating
  • Smart Home System
  • Steam Room
  • Underfloor heating
  • Wine cellar


  • East
  • North
  • West

The Residence, Ithaca

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.