Praxitelous 14
Larnaka, Dimos Larnakas 6047
Cyprus

Property

Ownership: Apartment
Type: Penthouse
Rooms: 3
Bedrooms: 2 BR
Bathrooms:
Area: 105 m² (1130 sq ft)
Energy Certificate Rating: A

Financials

Price:€298,000
($349,800)

Contemporary Penthouse Living In The Heart of Larnaca

Description

Located in the center of one of Cyprus’ fastest-growing cities, this modern penthouse apartment combines contemporary architecture, functional design, and strong long-term investment potential. Designed for urban living with a luxury touch, the residence offers spacious interiors, private outdoor areas, and immediate access to the city’s commercial, lifestyle, and entertainment districts — making it ideal both for permanent living and strategic investment.

The property is situated in the central Larnaca area, near the Alfa Mega Central district, with direct access to restaurants, cafés, retail stores, healthcare facilities, and the highway network connecting the entire island. The location benefits significantly from the ongoing transformation of Larnaca, including the expansion of the marina and port area, new commercial infrastructure, and increasing international demand for centrally located apartments close to both the sea and the city center.

From an investment perspective, centrally positioned apartments in Larnaca continue to attract strong rental demand from professionals, relocation buyers, students, and international residents seeking lower entry prices compared to Limassol. As infrastructure projects continue reshaping the city, many investors are positioning themselves early in anticipation of further capital appreciation and increased rental yields. Cyprus overall remains one of the Mediterranean’s strongest relocation and second-home destinations due to its strategic location, tax environment, safety, and high quality of life.

What truly elevates this opportunity is the lifestyle attached to it. Residents enjoy a balance between city convenience and Mediterranean living — with beaches, marinas, dining, nightlife, and airports all within a short drive. Cyprus offers over 300 days of sunshine per year, a relaxed yet international atmosphere, and a growing ecosystem of business professionals, entrepreneurs, and foreign investors choosing the island as a permanent base.


Location

  • Area: Alfa Mega Central District, Larnaca City, Cyprus
  • Easy highway access
  • Close to shopping mall, restaurants, bars, cafés & healthcare facilities

Property Specifications

  • Type: Penthouse Apartment
  • Bedrooms: 2
  • Total Covered Area: 105 sqm / 1,130 sq.ft.
  • Price From: €298,000 + VAT

Amenities & Facilities

Residence Features

  • Open-plan living & dining area
  • Ensuite master bedroom
  • Main bathroom
  • Laundry room
  • Private storage room
  • Private covered parking
  • Private roof garden
  • Decorative false ceiling design
  • Soft-closing kitchen cabinetry
  • Concealed A/C provision
  • Security entrance phone
  • Water pressure system
  • Energy Efficiency Rating A

Development Amenities

  • Vibrant urban surroundings
  • Walking distance to restaurants, bars & coffee shops
  • Nearby shopping mall & healthcare facilities
  • Easy highway access
  • Central city positioning with strong rental demand potential

Amenities

  • Air conditioning and underfloor heating throughout
  • Amazing Architecturally Designed Spaces
  • Amazing views
  • Central location
  • close to shops, bars, restaurants
  • Control4 Smart Home Automation System
  • Energy Efficiency A
  • Ensuite in Primary Bedroom
  • Floor to ceiling windows
  • Laundry Room
  • Open plan kitchen & living
  • Private Parking & Garages
  • Private Rooftop Terrace
  • Private Storage
  • Security entry phone system
  • Water Purification System

Exposures

  • East
  • North
  • South
  • West

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.