Latest listing added: November, 2023
Island #1 (€8,000,000)
- Location: Ithaki, Kefalonia, Ionian Islands, Ionian Sea
- Size: ~243 acres, ~98 hectares
- Description: 4km from shore, 53km northeast of Kefalonia Airport, 226km west of Athens
- Ownership: Leasehold (100 years)
- Development: Non-developed
- Map: See on Google Earth
Makri is a private island in the Ionian Sea, 30 kilometres east of Kefalonia and 60 kilometres northwest of Patras, Greece’s third-largest city. Corfu and Zakynthos are also two of the more well-known travel hubs within the surrounding area – both islands offer an array of recreation and leisure opportunities.
The Ionian Islands are distinguished for their meandering coastlines, sandy beaches, marine-rich waters, and verdant greenery. Makri, though one of the coast’s more conspicuous islands, is an embodiment of these traits.
The 243-acre property delivers over seven kilometres of coastline and forested peaks. However, the island’s forested state puts its potential for development into severe question. Makri’s owner once embarked on a project to parcel any buildable land on the island and construct houses to rent or sell. However, the plan was never fulfilled, and the more recent forestry assessments have created new obstacles regarding expansion.
Makri is an island with an alluring foundation, but more clarity is needed for buyers set on development.
Island #2 (€4,000,000)
- Location: Inousses, Chios Strait
- Size: 9 acres, ~3.6 hectares
- Description: 100m from shore, 20km NE of Chios Airport Omiros, ~220km NE of Athens
- Ownership: Freehold
- Development: Developed, with further potential
- Map: See on Google Earth
Archetypal island beauty, proximity to community hubs and tourist interests, and the potential for development – Panteleimona is a special property set to garner significant interest on the Greek real estate market.
Sheltered by the island of Inousses (often also referred to as Oinousses) in the Chino Strait, Nisida Panteleimona delivers an ideal balance of connectivity and calm. The islands are separated by just over 250 metres of water, making transit between the two as simple as a short boat ride. Due to the proximity of Inousses’ main settlement (of the same name), prospective residents will have near-direct access to amenities and services.
In its current state, the island features three small churches, each with its own unique history. An electrical generator serves the churches, and there is also a well for drinking water.
Looking forward, Panteleimona has development potential for up to 200 square metres. This declaration includes clearance from the forestry department and complete title deeds supported by all necessary documentation.
Whether for a private residence or a small rental property, Nisida Panteleimona is primed for immediate development. Such combinations of natural assets, connectivity, and complete documentation are rare.
Island #3 (€4,000,000)
- Location: Ithaki, Kefalonia, Ionian Islands, Ionian Sea
- Size: 23 acres, ~9 hectares
- Description: 3km from shore, 54km northeast of Kefalonia Airport
- Ownership: Information upon request
- Development: Non-developed
- Map: See on Google Earth
Kouneli is a private island amongst the Ionian group. Its closest neighbour, Makri, is also for sale on the Greek real estate market.
The island comprises 23 acres of sloped and level land, lengths of rocky shorelines, and an abundance of interior vegetation. Regardless of its flora coverage, the island has been cleared of all forestry restrictions.
There are indications that some parcels of land on Kouneli can be developed, though further inquiry would be necessary. At present, the island offers no serviceable structures and there are no amenities. A prospective buyer would also likely have an interest in building a dock or small harbour to facilitate passage on and off the property.
A promising island on the more affordable end of the market.
Island #4 (€3,000,000)
- Location: Aegean Islands, Kavala
- Size: 36 acres, ~14.5 hectares
- Description: 1km from shore, ~23km east of Kavala Airport
- Ownership: Information upon request
- Development: Development potential
- Map: See on Google Earth
This well-connected private island is located just one kilometre from shore, 8.5 kilometres from the seaport city of Kavala, and approximately 120 kilometres east of Thessaloniki. Both cities offer access to international airports, though Thessaloniki (Greece’s second-largest city) transits more flights.
The proximity of both major settlements also guarantees access to essential services and desirable amenities – a valuable asset for those in the market for a private island.
Of the island’s total area, three hectares are designated as forestland, thus strictly prohibiting construction. However, the rest of the island’s approximately 11.5 hectares can be built upon. Much of the island’s 2.5-kilometre coastline is inaccessible, though some areas would suit development. There are also a handful of small, shallow beaches on the island’s eastern and northern sides. The interior is dominated by indigenous vegetation – wild olive trees, fruit trees, and other shrubs.
Panoramic sea views, convenient land access, and recognised build potential – this is an undeveloped island worth noting.
Island #5 (€2,500,000)
- Location: Patmos, Kalymnos, Dodecanese, Aegean Sea
- Size: ~54 acres, ~22 hectares
- Description: 160m from Marathi Island, 22km south of Aérodrome de Leros
- Ownership: Freehold
- Development: Non-developed
- Map: See on Google Earth
Spanning 54 acres within the blue waters of the Aegean Sea, Stroggilo Island presents itself as an ideal sanctuary for sailors and island hoppers.
Stroggilo, or Strogylo as it is locally named, hosts generous anchorage alongside three natural beaches. These features foster curiosity as to the island’s development potential. While an old house and a well with groundwater currently sit in ruin on the property, future efforts to redevelop or expand would be subject to planning permission and approval from the relevant authorities. As such, diligent inquiries into Strogglio’s affairs would be recommended.
Notwithstanding questions of Strogglio’s commercial availability, the property is attractively proximate to other recreational landmarks. The serene beach destination of Marathi is a short boat journey away and offers access to a selection of tavernas.
Island #6 (€2,200,000)
- Location: Itea, Delphi, Fokida, Corinthian Gulf
- Size: ~2.6 acres, ~1.1 hectares
- Description: 1km from shore, 92km northeast of Araxos Airport, 124km west of Athens
- Ownership: Freehold
- Development: Development potential
- Map: See on Google Earth
St. Athanasios is the smallest island in the Greek market. But, its manageable size, flat land, and picturesque location provide ideal conditions for private residential development.
The island lies just one kilometre from the shore and can be reached by boat from the nearby coastal town of Itea. Olive and pine trees inundate St. Athanasios’ interior, while a small sandy beach marks the northwestern coast.
Though, perhaps the island’s greatest asset is its unrestricted freehold title. The property also boasts an indispensable ensemble of supporting documents from all relevant public authorities. Lastly, for investors with an eye towards development, St. Athanasios is free of Natura 2000 area restrictions.
As such, there is scope for the construction of a private residence.
St. Athanasios’ profile and potential surpasses its modest size.
Island #7 (Price Upon Request)
- Location: Preveza, Epirus, Ambracian Gulf
- Size: ~32 acres, ~13 hectares
- Description: 4km from shore, 270km northwest of Athens
- Ownership: Freehold
- Development: Non-developed
- Map: See on Google Earth
Vouvalos Island sits within the Ambracian Gulf – both the largest enclosed gulf in Greece and an area designated as a national park due to its ecological significance. The inlet is also a region less travelled than most, but that fact does not diminish the resident beauty. Rather, it shows the area to be one of Greece’s hidden gems.
Vouvalos itself is an island of particular charm. Its unusual shape provides several natural harbours and beaches, ideal spaces for recreation and leisure. Meanwhile, much of the property’s interior is marked by olive groves and pine trees. A lagoon also sits at the centre of the island.
Information regarding the island’s development potential requires further inquiry.
Island #8 (Price Upon Request)
- Location: Echinades, Ionian Sea
- Size: 1335 acres, 540 hectares
- Description: 630m from shore, 233km west of Athens
- Ownership: Freehold
- Development: Non-developed
- Map: See on Google Earth
Petalas Island, also listed under Dulichium Island, is the largest of the Echinades – an archipelago found in the Ionian Sea. Here, winding coastlines facilitate sailing adventures, and turquoise waters harbour an abundance of marine life.
Dulichium’s foremost feature is its impressive size, spanning a staggering 1335 acres and rising to a high point of 250 metres above sea level. A property of such size poses the question of development.
Fortunately for keen developers, 5,100,000 square metres of the island’s total 5,400,000 have been declassified by the Greek Forestry Bureau. This designation opens the door to future construction. Furthermore, there is an existing precedent for the land to be parcelled into 10,000-square-metre lots, with each featuring a 130-square-metre home. Though, any genuine interest in the future development of Petalas Island would have to be properly reviewed.
Currently, the property has no roads and no utility infrastructure. There are, however, several sandy beaches, small bays, and natural harbours.
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