Margarites, Rethymnon, Crete, Greece
- PROPERTY TYPE
Ruins
- SIZE
2,691 sq ft
250 sq m
Key features
- land in total size of 1.613,80 sqm with 3 bodies building for renovation in total area of 250 sqm
- made of natural stone and is preserving a lot of traditional architectural features
- fully authorised restoration license as residential complex with addition of new building for business purpose
- the area of approved building is of 387 sqm, total building allowance 400 sqm
- settlement in the middle of pure nature and genuine traditional Cretan life
Description
Nestled in the heart of the traditional village of Kato Tripodo, between the culturally significant settlements of Margarites and Ancient Eleutherna, this remarkable property offers a rare combination of historical charm and development potential. Surrounded by unspoiled Cretan nature and just 14 km from the sandy beach of Panormo, it lies only 26-27 km from the city of Rethymno and 8 km from the town of Perama, which provides all essential amenities.
The property comprises a land parcel of 1,613.80 sq.m. and features a complex of three interconnected stone structures with a total built area of 250 sq.m. These buildings, formerly used as a traditional olive mill and factory, preserve numerous architectural elements of local craftsmanship and require full restoration.
A fully authorised restoration and development permit has already been issued, allowing for the conversion of the existing structures into a residential complex with two independent luxury villas with private pools. The project includes the addition of new buildings, with a total approved built area of 387 sq.m. (within a total building allowance of 400 sq.m.). The design respects and highlights the character of the original stone construction while incorporating new volumes to create a harmonious blend of tradition and contemporary functionality.
The vision for the property supports touristic development, making it ideal for luxury rural accommodation in a setting of peace, privacy, and authenticity. The area is home to some of Rethymnos most visited destinations, including the Museum of Ancient Eleutherna, the ceramics workshops of Margarites, and the historic Arkadi Monastery.
This property presents a rare opportunity for investors or individuals seeking a unique restoration project in one of Crete's most picturesque and culturally rich regions.
Margarites, Rethymnon, Crete, Greece
NEAREST AIRPORTS
Distances are straight line measurements- Heraklion(International)27.6 miles
- Chania(International)34.2 miles
- Sitia(Local)80.3 miles
Advice on buying Greek property
Learn everything you need to know to successfully find and buy a property in Greece.
Notes
This is a property advertisement provided and maintained by QPS Real Estate, Rethymno (reference R376) 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.