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3 bedroom residential development for sale

Greece - Leonidi, Arcadia, Peloponnese

Guide Price €1,900,000

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Call: 03339 396012

Key features:

  • 42,000 sqm total land plot
  • Plan for 32 serviced villas (3 already built)
  • Private or shared swimming pools
  • Splendid views
  • Existing approvals and infrastructure

Full description:

The property is comprised by a large undeveloped land plot of 38,000 sqm with olive trees and a neighbouring one of 4,000 sqm, located in the area of Leonidio in the Peloponnese.
For the development of the property there is an existing business plan for the erection of 32 rental residential properties on 10 plots of c.4,300 sqm each. On the 4,000 sqm plot, villas with total built-up areas of ~430 sq m have already been developed.
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Arcadia stands in the centre of the Peloponnese and is a closed land, all mountains and high peaks with large fir forests and lush vegetation. An unspoiled land, little known, full of surprises, truly enchanting. On the eastern coast it is washed by the gulf of Argos and the Mirtoo Sea where it has curved fantastic bays and peninsulas on the coastline. Whoever roams through Arcadia today will get to know a part of the country that has remained virtually unchanged for thousands of years. The home town of the development, Leonidio, is one of the oldest naval cities in Greece. The valley of Leonidio in ancient times was known as the "Garden of Dionysus" a fact that connects the worship of god Dionysus with the cultivation of vineyards. The new town was founded in 1826, after the destruction of the city of Prastos by the Ottoman Empire. Leonidio boasts for its special and globally protected type of eggplant (the Tsakonian) which also donates its name to the local Eggplant Festival - Melitzazz.

The property is divided into a large undeveloped land plot of 38,000 sqm with olive trees and a neighbouring one of 4,000 sqm, Main infrastructure works, such as asphalt roads, lighting, underground piping, water-supply have been completed, while important approvals such as forestry and archaeology have been obtained. There are preliminary designs for the development of 32 luxurious serviced villas with swimming pools, with a sale and leaseback structure. The property develops on a slopping hill, with beautiful views to the sea, while the main entrance lies at 300 m from the seashore. One of the plots has already been developed with 3 villas.

According to the business plan, each planned land plot of 4,300 sq m, allows for the construction of one of several combinations of the 3 proposed villa types. The three types have a total built area of (a) 205 sqm, (b) 150 sqm and (c) 115 sqm. Their private land plots would be 2,000 sqm, 1,300 sqm and 1,000 sqm respectively. Types (a) and (b) have private pools, while type (c) has a shared pool between every two villas. Additionally, two villas of 75 sqm and one of 100 sqm, 3 studios of 50 sqm each and 50 sqm of auxiliary areas have already been built.

- 300 m from the seashore
- 500 m from Poulithra village
- 4 km from Leonidio
- 225 km (2 hour drive) from Athens
- 40 min helicopter flight from Athens Airport
- 2 hour boat ride from the ports of Attica

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Kalamata (INTERNATIONAL), 46.1 miles
  • Spata (Eleftherios Venizelos) (INTERNATIONAL), 78.1 miles
  • Athens (INTERNATIONAL), 80 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Savills Hellas Ltd, Greece

Savills, 64 Louise Riencourt Str., Athens, Greece
03339 396012  Local call rate
About Savills Hellas Ltd, Greece

About Savills

Savills plc is a leading international property services company with a full listing on the London Stock Exchange. The company has undergone dynamic growth in recent years establishing itself as a powerful player on the international stage with offices and associates throughout the UK, Europe, Asia Pacific and the US.

Savills Hellas Ltd. is one of the leading property services company in Greece. As of 1st May 1997, the Company is a full member of the Savills International Network. Savills Hellas Ltd. has undergone dynamic growth in previous years establishing itself as a powerful player on the local and regional property scene. Savills Hellas advises clients on commercial, residential, hotel and leisure properties. The team of the Greek office provides advice and support to help companies and investors to maximise the benefits and efficiency of their property investment.
We have extensive knowledge of both Greek and Balkan real estate issues coupled with advisory and implementation skills. Our services are focused on valuation and advisory services of all types of properties including residential properties (first and second homes), hotels, theme parks etc.


This is a property advertisement provided and maintained by Savills Hellas Ltd, Greece (reference 1370) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Savills Hellas Ltd, Greece

Savills, 64 Louise Riencourt Str., Athens, Greece
or call 03339 396012
Calling from outside the UK? 00302106996311

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