Oia, Ia Santorini Aegean, Greece
for sale 900,000€ - Villas for Sale
Super Investment Opportunity in Oia, Santorini – Cave House at the Caldera
Location: Oia, Santorini – Caldera (Top Location, near Ammoudi and the Famous Castle) Type: Renovation Property – Cave House Total Size: 80 sq.m. Yard: 30 sq.m. with breathtaking sea and sunset views Bedrooms: 2 Bathrooms: 2 Other Spaces: Living Room, Underground Space (Ideal for a Cellar)Key Highlights
- Prime Location: Situated in the heart of Oia, at the Caldera cliffs, offering iconic views of the volcano, the Caldera, and Santorini’s world-famous sunset. This property’s privileged location makes it a rare gem, as properties like this are seldom available.
- Privacy & Prestige: Nestled in the lower levels of the Caldera, providing extra privacy, which is highly sought after in Santorini’s luxury market.
- Historical Charm: Built into the volcanic rock, this cave house retains the traditional Cycladic architectural style while offering immense renovation potential to create a luxury residence or rental property.
Investment Potential
This property is an excellent opportunity for investors looking to capitalize on Santorini’s thriving luxury rental market.- Current Market Value: Similar old houses in Oia’s Caldera range from €1,000,000 to €1,250,000, making this property highly competitive in price.
- Renovation Opportunity: With renovation, this cave house can be transformed into a Luxury Rental Villa, ideal for platforms like Airbnb, Booking.com, and luxury travel agencies.
- Rental Income Estimate:
After renovation, the property could command daily rental rates of €600–€1,000.
- Santorini has a long tourism season (220 operational days/year), ensuring steady income.
- Estimated annual rental income: €132,000–€220,000.
- ROI (Return on Investment): The strong rental potential, coupled with the location’s value appreciation, promises an excellent ROI for the new owner.
Property Layout
- 80 sq.m. Villa:
- 2 Bedrooms (including a TV room).
- 2 Bathrooms.
- Living Room.
- Additional Features:
- 30 sq.m. Yard: A private outdoor space offering uninterrupted views of the sea, the Caldera, and the sunset.
- Underground Space: Can be used as a wine cellar or for storage.
Why This Property is Unique
- Exceptional Location: At the heart of Santorini’s most prestigious area, above Ammoudi, near the castle where thousands gather for the iconic sunset views.
- Rare Availability: Properties like this on the Caldera are incredibly scarce, making this a once-in-a-lifetime opportunity.
- High Tourism Demand: Santorini is one of the most sought-after destinations globally, ensuring year-round demand for luxury rentals.
- Endless Potential: The property’s unique charm and location make it ideal for renovation into a high-end retreat or personal sanctuary.
