Iconic Estate with Exceptional Development Potential in Mykonos

Located in the prime Pyrgi area of Mykonos, this unique estate represents a rare investment opportunity with exceptional flexibility and substantial development potential. Set on a 5,653 sqm plot, the property includes approximately 580 sqm of built space, combining traditional Cycladic charm with remarkable redevelopment possibilities.

The main residence spans approximately 565 sqm across three levels, featuring an internal staircase and multiple independent entrances, offering outstanding layout flexibility. The estate also includes an independent 90 sqm maisonette requiring full renovation, two spacious studio apartments, and a separate building designed as a traditional chapel, adding unique character to the property.

Outdoor amenities include a BBQ area with wood-fired oven, storage spaces, laundry room, playroom, traditional wine press and three rainwater collection tanks. The property’s most significant advantage is its remaining buildable capacity of approximately 5,300 sqm, allowing for substantial future development, such as luxury villas, a boutique hospitality concept, or a premium residential complex with pool and high-end outdoor amenities.

Strategically located just 2 minutes from Super Paradise, 10 minutes from Paradise Beach, 8 minutes from the airport and 15 minutes from Mykonos Town, this estate is ideal either as a private family compound or as a high-value redevelopment opportunity in one of the Mediterranean’s strongest luxury markets.