The Residence: Exquisite Villa with Breathtaking Views in Vathy, Ithaca, Greece

The Residence is an exquisite, nearly completed villa, majestically situated high above Vathy, Ithaca, Greece, on an expansive plot of 15,114 m². This stunning property offers a unique blend of luxury, potential, and unmatched views.

Property Highlights:

• Impressive Size and Layout: The villa boasts a substantial building area of 1,249 m² spread over three floors—lower ground, ground, and first.
• Hotel Development Potential: Equipped with an existing hotel license (EOT) for a 4-star hotel development, the property offers the potential to expand by an additional 1,447 m² under the current license.

Ground Floor:

• Grand Entrance: Enter through a marble entry hall into a spacious living area of over 400 m².
• Luxurious Features: The floor includes a living room with a fireplace, a dining room, a pantry, a kitchen, an elevator, and a garage for one vehicle. Wooden floors with underfloor heating provide warmth and elegance throughout.
• Outdoor Living: Step onto the 85 m² panoramic balcony and surrounding pool areas, featuring a 20-meter pergola seating area, barbecue facilities, an outdoor kitchen, a pool bar, exterior toilet/shower, and changing rooms. The pool measures an impressive 7 x 14 m.

Lower Ground Floor:

• Entertainment Hub: Accessible via an additional staircase from the pool area, this floor includes a hammam, a billiards room/gym, a linen room, a home cinema with a downstairs bar area, and a double living room.
• Comfortable Accommodations: Four large bedrooms, each with an ensuite bathroom/shower room and terracotta stone arched balconies offering panoramic sea views of the bay.
• Housekeeping Facilities: Full housekeeping facilities include 2 beds, a bathroom, kitchen, living area with an internal balcony, a laundry room, a server room, and a water treatment/boiler room.

First Floor:

• Luxury Bedrooms: Four luxury bedrooms include a master bedroom with double aspect views, a walk-through wardrobe, shower and bath facilities, and a grand master balcony with stunning bay views.
• VIP Suite: Features its own fireplace, panoramic balcony, walk-through wardrobes, and ensuite bathroom with a jacuzzi.
• Garden Bedrooms: Two additional garden bedrooms each have ensuite bathrooms, with the garden suite on the left including its own terrace and access to a private rose garden.

Additional Features:

• Elevator access to all floors
• Wooden window frames and shutters throughout
• Wooden floors with underfloor heating
• Italian tile roof made from reclaimed tiles
• Custom-made wooden wardrobes in all bedrooms
• Custom-made Chalon wooden kitchen with an island
• Mains water, sewage, and electricity connections
• Central air conditioning with external centralized units
• Generator room storage
• Desalination and well system facilities
• Under-pool storage
• Home automation and smart house infrastructure

Unmatched Opportunity: The Residence, although left unattended for nearly 20 years, offers an unparalleled opportunity for the discerning buyer. With current building regulations and restrictions, such a property can no longer be constructed. This remarkable find promises immense potential and timeless allure, awaiting completion and restoration to its full glory.

For those with vision and passion, The Residence is a dream property, combining luxury, potential, and breathtaking views into one exquisite package. Seize this unique opportunity to create your perfect haven in Ithaca.