The Property
Set into the cliff face above the Caldera, this property is built in Santorini’s traditional cave house style, with eight independent suites carved directly into the rock. The structure holds 370 sqm of interior space on a plot of 475 sqm, with no building between it and the sea below.
Inside
Each of the eight suites is self-contained, with its own living-dining area, kitchenette, bedroom and ensuite bathroom. The suites open onto private terraces facing the sea and the Caldera, with views extending to the horizon and, on clear days, as far as Crete. The master bedroom has a fireplace. There are nine bathrooms in total, and separate auxiliary areas for storage.
- 8 bedroom suites, each with living-dining area, kitchenette and ensuite bathroom
- 9 bathrooms
- Fireplace in the master bedroom
- Swimming pool with adjoining pool house, kitchen and bar
- Three open-air hot tubs
- Fully furnished
The Setting
The pool and pool house form the main gathering point, used for outdoor relaxing and entertaining. Armenis beach lies 250 steps below the property, directly accessible with no intervening structures. The main street of Oia, with its shops and restaurants, is a short walk away.
Practical Notes
The property is currently operated as a boutique hotel and is offered fully furnished and ready to move in. It is located in the Community of Ia, on Santorini. Homes for Sale Greece arranges private in-person viewings, with floor plans or a video walkthrough where travel is difficult.
- Size: 370 sqm
- Plot: 475 sqm
- Price: €8,500,000
Frequently Asked Questions
Can foreign nationals buy property in Community of Ia, Ia, Greece?
Yes. EU and non-EU nationals both buy with full ownership rights. The only restriction is in designated border and strategic zones, where non-EU buyers need prior approval — Homes for Sale Greece confirms the position for the specific property before you proceed.
What does it cost to complete, on top of the price?
Budget roughly 7% to 10% on top of the asking price — about €595,000 to €850,000 on this property. That covers transfer tax, the notary, your own lawyer, registration and the agency fee. Homes for Sale Greece sets the figures out in writing before you commit.
How are viewings arranged?
Privately, and in person. Viewings at this level are arranged by appointment with the owner, and several properties are usually grouped into one trip. Where travel is not immediately possible we can provide floor plans and a live video walkthrough.
What is checked before I buy?
An independent Greek lawyer searches the title at the Land Registry or Cadastre, confirms there are no mortgages or claims, and verifies the permits. A certified engineer confirms the building matches them and that there are no unauthorised structures. Nothing is signed until all of that is clean.
Can this property generate rental income?
High-end villas on the islands and apartments on the Athens coast can let well in season. The property must be registered with the tax authority and the income declared in Greece. Returns depend on location, seasonality and how the property is presented — we will give you a realistic view rather than a brochure figure.
How Much Does a Real Estate Agent Cost in Greece?
In Greece, real estate agent commission is typically 2–3% of the purchase price, paid by the buyer, though arrangements vary. At Homes for Sale Greece we are transparent about our fee structure from the first conversation. There are no hidden charges — all costs are disclosed before any agreement is signed.
