A rare renovation and development opportunity is offered for sale in the sought-after area of Armenoi–Kalyves, just a few minutes’ walk from the beach, the village centre and all essential amenities. The property consists of a traditional stone-built residence of approximately 137.06 sq.m., set on a generous plot of 637.69 sq.m. The existing house requires full renovation, offering the new owner the opportunity to restore its authentic Cretan character while redesigning the interior according to modern living standards. One of the strongest advantages of this property is its substantial additional building potential. According to the existing topographic plan, the plot benefits from a total permitted building allowance of approximately 382.61 sq.m. Taking into account the existing built area, there is an estimated remaining building capacity of approximately 245.55 sq.m., subject to final verification by a qualified engineer and the relevant planning authorities. This exceptional potential makes the property particularly attractive for the development of additional residences, guest accommodation, holiday rental units or a larger private estate with landscaped gardens and a swimming pool. The property enjoys attractive views towards the sea, the White Mountains, the surrounding greenery and the traditional village environment. Its privileged position combines privacy and open surroundings with immediate access to the vibrant centre of Kalyves. Within walking distance, residents can reach the sandy beach, supermarkets, cafés, restaurants, schools, nursery facilities, the village square, local shops and everyday services. This makes the property ideal both for permanent residence and for a high-demand holiday rental investment. Kalyves is one of the most popular coastal villages in the Apokoronas region, attracting both international property buyers and visitors due to its beautiful beaches, traditional character and excellent year-round infrastructure. Property Highlights Traditional stone-built residence of approximately 137.06 sq.m. Private plot of 637.69 sq.m. Estimated additional building potential of approximately 245.55 sq.m. Total permitted building allowance of approximately 382.61 sq.m. Excellent renovation and development opportunity Walking distance to the beach and Kalyves village centre Close to supermarkets, restaurants, cafés, schools and all amenities Sea, mountain, countryside and village views Suitable for a private residence, holiday home or rental investment Excellent potential for short-term holiday rentals or multiple accommodation units Approximately 3 minutes from Kalyves Beach Approximately 20 minutes from Souda Port Approximately 40 minutes from Chania International Airport An excellent opportunity for international buyers, developers or investors seeking a character property in one of the most desirable coastal locations of western Crete, with significant potential for renovation, extension and future development. Contact us today for further information or to arrange a private viewing of this exceptional property and discover its full renovation and investment potential in person.