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Bulding for sale
€700,000
|
€4,118 per sqm
sqm
170
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Property surroundings
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Municipality of Zakynthos is a municipality in זקינתוס and the surrounding area with an area of 406.1 sq km. Currently, most listings in the area are 120+ sqm, but there are other sizes available. Average used price per sqm is about €2,097 with a gross yield of 5% On GREI there are 141 properties for sale in Municipality of Zakynthos from a wide range of local agencies. Learn more about the neighborhood
Property description
A unique apartment complex is available for sale in an excellent location in Laganas, Zakynthos, situated on a plot offering multiple options for use and development. This property ensures privacy, security, and includes various facilities for comfortable living or business operation. The complex consists of one main building spanning three levels, with an impressive stone staircase entrance. Ground Floor: It features three fully equipped studios, each with a bathroom, open-plan kitchen/living/sleeping area, and independent access to the pool. Unique features include a fireplace in one of the studios and a larger kitchen in another. All studios are air-conditioned and pre-installed for underfloor heating. Outside, there is direct access to a beautifully landscaped pool area. First Floor: Includes one studio with a large balcony and one apartment comprising a bedroom, open-plan kitchen and living area, and two balconies with stunning views of the Laganas Bay and the surrounding greenery. Second Floor: Hosts a spacious two-bedroom apartment, each bedroom with its own WC, and a large open-plan living space with plenty of natural light and panoramic views through multiple windows. All units are sold and equipped with water heaters. The building’s layout allows for reconfiguration based on the future owner's preferences. The three ground-floor studios can be unified and transformed into a spacious apartment or into one large studio plus a separate apartment — ideal for family use or luxury accommodation. The first floor could be redesigned as a large full-floor apartment with at least two bedrooms and generous kitchen and living spaces. The second floor also offers potential for conversion into two separate studios, making it well-suited for short-term tourist rentals. Additionally, provisions have been made during construction for the installation of an internal staircase, offering the possibility to connect floors and create a luxurious maisonette or even a grand private villa spanning all three levels. This versatility makes the property suitable for both private residence and professional use, fully adaptable to the needs and vision of the new owner. Outdoor Areas & Facilities The exterior of the property is thoughtfully landscaped and includes a swimming pool, a covered area that can be used as an open-air bar or converted into a BBQ area, a restroom, outdoor shower, and laundry space. At the rear of the main building, there is a covered structure suitable for use as a garage, storage area, or workshop. The land also hosts approximately olive trees, enhancing the Mediterranean feel of the property and offering potential for olive oil production. An elevated section of the plot offers panoramic views of Laganas Bay and can be developed as a recreational or lounge area. Functionality is further enhanced by parking spaces and multiple entrances, ensuring autonomy between building sections. Development Opportunities The future owner can utilize the property in several ways: • Rent out the units as tourist accommodations. • Reconfigure the interiors into larger apartments or maisonettes for long-term rentals. Its prime location, just from the center of Laganas — one of the most popular tourist destinations on the island with proximity to famous beaches like Agios Sostis and Kalamaki — ensures strong demand for any residential or hospitality use. Investment Perspective Thanks to its location, multifunctional layout, and existing infrastructure, this property represents an investment opportunity. It is perfectly suited for both personal use and tourism development, with the potential for high returns in one of Zakynthos’ most sought-after areas. There is also an additional container home already in use as summer accommodation. The buyer has the option to purchase this structure separately, subject to agreement with the current owner, as it is not included in the listed sale price.
Property details
sqm
170
Year built
2003
Price per sqm
€4,118
Balcony
No
Parking spaces
1
Elevator
No
Property code
2-243
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Key metrics
New price per sqm
-
Used price per sqm
€2,097
Monthly rent
€558
Gross yield
5.08%
Price list for municipality Municipality of Zakynthos
Construction type
Used price per sqm
Monthly rent
Apartment
€1,555
€8
Apartment complex
€1,790
-
Detached house
€1,857
€10
House
€1,949
-
Maisonette
€1,926
€7
Villa
€4,099
-
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.
View how available listings are distributed across different categories
Property distribution
Distribution by construction type
Distribution by construction year
Year built
Up to 1960
2%
1960-1979
11%
1980-2000
29%
2000-2019
49%
2020+
9%