for sale
€4,500,000
|
€32 per sqm
sqm
140000
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By submitting this form, you accept our Terms of Use and Privacy Notice.Price list for municipality Milos
Price per sqm
Total price
sqm
Used price per sqm
Monthly rent
90-119
€4,103
-
120+
€1,939
-
Prices do not represent ground floor or basement apartments, which are often lower by tens of percent. This list is not an official source or a substitute for professional advice.
Key metrics
New price per sqm
-
Used price per sqm
€2,533
Monthly rent
-
Gross yield
-
Property description
Rare seafront investment land of 140,000 sq.m. / 14 hectares for sale in Psathadika, Milos, on the southwest side of the island, in a unique natural location with direct contact with the sea and views over the Cretan Sea. The property is located outside the town plan, on a hillside at an elevation of approximately 50 m, descending towards the sea. The land is sloped and offers more than 200 m of sea frontage, combining panoramic views, natural privacy and strong investment potential. The coastal frontage includes the area of Krotiraki Beach, with a natural rocky / pebbly coastline, while part of the frontage consists of rocks and cliff formations. The property touches the sea, offering rare contact with the natural coastal landscape of Milos. A road passes from the upper side of the land, while the property is fenced. A stream descending towards the sea is also included within the land. According to the available information, part of the land is buildable, with a reported building potential of 6,800 sq.m. for a two-storey hospitality project. This corresponds indicatively to approximately 136 rooms of 50 sq.m. each, subject to final confirmation by an engineer and the competent authorities. The southwest side of Milos is one of the most pristine and natural parts of the island. The property is approximately 30 minutes by car from Adamas and is located within convenient driving distance from the port of Milos. Key features: - Land area: 140,000 sq.m. / 14 hectares - Sale price: €4,500,000 - Location: Psathadika, Milos - Position: Seafront - Distance from the sea: 0 m - Sea frontage: more than 200 m - View: Cretan Sea - Land morphology: Sloped hillside land - Elevation: approximately 50 m - Coastal frontage: Krotiraki Beach area, rocky section and natural coastline - Access: Road from the upper side of the land - Fenced property: Yes - Forested section: approximately 100,000 sq.m. - Buildable section: part of the land is reported as buildable - Reported building potential: 6,800 sq.m. for a two-storey hospitality project - Distance from Adamas: approximately 30 minutes by car A property of exceptional rarity, suitable for buyers seeking a large seafront land asset in Milos, with natural privacy, significant sea frontage, panoramic views and potential for hospitality or broader investment development.
Property details
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Airbnb
Short-term rental is allowed, but under annual day limits and higher municipal taxation.
Golden Visa
This property meets the visa threshold for a peripheral area (Tier 2).
Disclaimer: This property assessment is calculated automatically from available listing data and is only an estimate. It does not guarantee actual eligibility or licensing outcome and should be verified with local counsel and the relevant authorities.
Airbnb
This is a saturated area: short-term rental is still allowed through AMA, but it is subject to local quotas and higher municipal taxes. New Golden Visa properties are barred from Airbnb.
Golden Visa
The reduced investment threshold is EUR 400,000 for a property of at least 120 sqm. Long-term rental only (no Airbnb).
Disclaimer: Regional information is indicative only, may change, and should not be treated as legal, regulatory, tax, or investment advice. Please verify with the relevant authorities.
Milos is a municipality in Cyclades and the surrounding area with an area of 158.2 sq km. Average used price per sqm is about €2,533. On GREI there are 3 properties for sale in Milos from a wide range of local agencies.
Property surroundings
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