luxury apartment / penthouse with panoramic view for sale Rhodes, Greece

A one-of-a-kind preserved windmill tower built directly on the beach of Ialyssos, Rhodes. Dating back to the 18th century, this 280 sq.m. property stands as the only Tower Mill built on a beach in Greece, a true symbol of tradition and heritage. Property Highlights: 280 sq.m. total built area 170 sq.m. private beachfront area 4 floors, 20 meters height 3 independent entrances 1 main house (sleeps 6-8) and 2 studios (25 sq.m. each) Authentic stone construction, custom woodwork, panoramic 180°-360° views 5 meters from the sea, direct beach access Private outdoor space with pavilion and 24 sun loungers Renovated in 2010, 65% completion, preserving the original structure Annual revenue approx. €70,000 via Airbnb and OTAs, with strong future growth potential Estimated revenue post-renovation: €233,600 – €292,000 annually Sunbed beach rental currently generating €10,080 annually, with potential increase Layout: Ground floor: Two independent beachfront studios Main house 1st floor: Living, dining, kitchen, lounge, atelier, bathroom, TV room Main house 2nd floor: Bedroom with two single beds Main house 3rd floor: Bedroom with double bed, 360° panoramic view Distances: Airport: 17 km, Port: 9 km, Rhodes Town: 6.5 km Restaurants: 2 meters, Shops: 5 meters, Water sports: 200 meters Key landmarks (e.g. Acropolis of Rhodes, Aquarium, Grand Master`s Palace) all within 6–8 km A truly unique opportunity to acquire an iconic historic property offering exceptional residential, hospitality, and investment potential in a prime beachfront location in Rhodes.