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Megisti
Megisti | Aegean

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Georgina Koukeli
Georgina Koukeli
Presented At
€1,000,000
Bedrooms
3
Bathrooms
3
Living
1,615
SQM
Bar
Air Conditioning
Private Beach
Garden
Seafront
Water View
Waterfront
Mountain View
Panoramic / Scenic View
Investment Property
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Megisti, Aegean, Greece. , Megisti , Aegean

Kastellorizo First-Line Waterfront Gem – 510 sq.m. Plot with Private Beach, Traditional Villa & Buil

Exclusive Seafront Property for Sale – Kastellorizo Island, Greece

Looking for something truly rare and meaningful in the Aegean? A place where your investment meets soul, sun, and timeless heritage?

We present this exclusive, first-line waterfront property with direct access to a private beach on Kastellorizo island—a location so rare, it’s almost never available.

This 510 sq.m. seaside plot is nestled in the heart of the Megisti settlement, enjoying panoramic views of Mandraki Harbor and the endless Aegean horizon. The setting delivers total tranquility, daily golden light, and absolute proximity to sea life—literally just steps from the garden down to the water and private pier.

The existing two-level, approx. 148 sq.m. house, built in traditional Kastellorizian style with neoclassical pastel-turquoise accents, offers:

Ground Floor (~74 sq.m.): Open-plan lounge, kitchen, and full bathroom

First Floor (~74 sq.m.): Two bedrooms and a cozy sitting area

Condition: The residence requires internal renovation, offering the perfect canvas for personal design and restoration.

Land & Buildability Facts

Plot Size: 510 sq.m.

Current Build Coefficient: 50% → Buildable up to 255 sq.m.

Already Built: 148 sq.m.

Additional Buildable (Now): 107 sq.m.

Future Build Coefficient (2026 projection): 80% → Total buildability of 408 sq.m.

Whether you want a luxury holiday residence, a boutique guesthouse, or a high-end redevelopment project, the flexibility here is unmatched.

Garden & Outdoor Highlights

Mature Mediterranean landscaping: olive trees, cypress, native flora

Private well for irrigation

Stone path from house directly to the beach and pier

Distances & Key Points of Interest

10-minute walk / 5-min boat ride to island center: cafés, tavernas, market, ferry

2-minute boat ride to St George island

10-minute boat from the island’s airport

20-minute boat ride across to Kaş, Turkey

Purchase Options

Full Property
Entire 510 sq.m. plot + existing 148 sq.m. house
Immediate additional buildability: 107 sq.m.
Future potential up to 408 sq.m.
Ideal for developers, investors, or legacy estate buyers

Subdivision Option
Approx. 310.5 sq.m. plot with the house and garden
For those seeking charm, character, and a private sanctuary without major development

This is not just land or a house—this is Kastellorizo’s heartbeat. Combining unmatched sea frontage, traditional design, direct water access, and outstanding future build potential, it stands as one of the island’s most desirable addresses. Whether you seek a lifestyle upgrade, a family legacy, or a development opportunity, this is your rare Aegean opening.

Exterior

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Map showing Megisti, Aegean, Greece.

Property Location

Megisti, Aegean, Greece., Megisti Aegean

Local Weather & Climate

Megisti, Aegean

Current Conditions Updated recently
55 °F
Broken clouds
Feels Like 53°F
Humidity 57%
Wind 7 mph
Visibility 6.2 mi
Sunrise 4:24 AM
Sunset 4:01 PM
5-Day Forecast
Sat 7 Mar
Clouds
High 55°
Low 55°
Sun 8 Mar
Clear
High 58°
Low 52°
Mon 9 Mar
Clear
High 58°
Low 53°
Tue 10 Mar
Clear
High 57°
Low 53°
Wed 11 Mar
Clouds
High 58°
Low 52°
Data from OpenWeatherMap

Mortgage Calculator

Estimate your monthly payments for this property

%
€100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.

Frequently Asked Questions

Common questions about this property

This house at Megisti, Aegean, Greece features 3 bedrooms with 1,615 square feet of living space.
This property offers 1,615 square feet of living space.
This property is listed at $100,000,000, which equals $61920 per square foot.
This is a house located in Megisti, Aegean. The property is situated in an established neighborhood with convenient access to local amenities and services.
Georgina Koukeli

Georgina Koukeli

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