luxury villa with panoramic view for sale Megisti, Greece

Exclusive Seafront Property for Sale – Kastellorizo Island, GreeceLooking 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 bathroomFirst Floor (~74 sq.m.): Two bedrooms and a cozy sitting areaCondition: The residence requires internal renovation, offering the perfect canvas for personal design and restoration.Land & Buildability FactsPlot 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 HighlightsMature Mediterranean landscaping: olive trees, cypress, native floraPrivate well for irrigationStone path from house directly to the beach and pierDistances & Key Points of Interest10-minute walk / 5-min boat ride to island center: cafés, tavernas, market, ferry2-minute boat ride to St George island10-minute boat from the island's airport20-minute boat ride across to Kaş, TurkeyPurchase OptionsFull Property Entire 510 sq.m. plot + existing 148 sq.m. houseImmediate additional buildability: 107 sq.m.Future potential up to 408 sq.m.Ideal for developers, investors, or legacy estate buyersSubdivision Option Approx. 310.5 sq.m. plot with the house and gardenFor those seeking charm, character, and a private sanctuary without major developmentThis 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.