waterfront land for sale Cephalonia, Greece

A rare opportunity in the Ionian Islands Located in the heart of Paleros Bay, this outstanding plot of land spans a total of 35,000 sqm, facing the turquoise waters of the Inner Ionian Sea. Protected by a forest to the north, a discreet road to the east, and the sea to the west, it offers a secluded natural environment with exceptional privacy, with only one neighboring property to the south. The plot is divided into three distinct lots and benefits from official building rights published in the Government Gazette. Permitted construction includes 640 sqm of above-ground residential space, or up to 1,280 sqm with semi-underground (“cave”) architecture, offering flexibility for a premium residential or hospitality project perfectly integrated into the landscape. Highlights: Breathtaking views of the Ionian Sea and its spectacular sunsets Direct access to a natural cove, with a sandy beach forming a natural swimming pool Gently sloping terrain, ideal for terraced development with panoramic views Peaceful surroundings, between green hills, Mediterranean forest, and crystal-clear sea Only 3.8 nautical miles from Paleros, and near Lefkada, Meganissi, Kalamos, and Scorpios Technical details: Total land area: 35,000 sqm Buildable area: 24,638 sqm Natural forest zone: 10,300 sqm 3 individual plots Direct access from public road Clear cadastral situation and confirmed building rights Nicknamed Ionian Pearl, this exceptional property is a unique investment opportunity, either for a luxury private estate or a high-end hospitality project on one of the last unspoiled stretches of the Ionian coast.