A fully renovated and furnished 96 sq.m. detached house is offered for sale in Karterados, just 1 km from Fira’s main square. The property combines authentic Cycladic architecture with modern living standards and represents a complete investment opportunity with an existing tourist accommodation license.
The property consists of two independent residences of 47 sq.m. and 49 sq.m. respectively, with the option of internal connection and conversion into a single maisonette.
One of the two units is a traditional cave house, a highly sought-after asset type for short-term rental in Santorini.
Each residence features:
1 bedroom
1 living room
1 fully equipped kitchen
1 bathroom
2 air-conditioning units
Solar water heater
Independent entrance
Private courtyard / outdoor area
The property was fully renovated in 2018, including:
Energy-efficient German-type wooden frames (Dawin) with insect screens
Traditional polished cement finishes on floors and bathrooms
Modern electrical and plumbing installations
Full furnishing and electrical appliances
The house is wheelchair accessible and connected to the public sewage network.
The property is situated in a quiet neighborhood of Karterados, with immediate access to key infrastructure:
400 m from bus stop
300 m from open parking area
500 m from shops, bakery, and restaurants
3.8 km from the airport
8.1 km from the port
3.8 km from the sea
400 m from the hospital
The property holds a tourist accommodation license and demonstrates verified performance, with annual gross revenues in the range of €55,000 – €60,000.
Operational flexibility (single residence or two autonomous units) allows for:
Yield optimization through short-term rental
Combination of private use and income generation
Positioning within a stable, high-demand tourism market
Lower residence (cave house) 47 sq.m.: €190,000
First-floor residence 49 sq.m.: €200,000
Total property price: €390,000
The residences can be purchased either jointly or separately, offering strategic flexibility to the investor.
Building size: 96.08 sq.m.
Plot size: 96.84 sq.m.
Year of construction: 1982
Full renovation: 2018
Energy Performance Certificate: under issuance
Mortgage: Yes
Santorini is one of the strongest international real estate brands in the Mediterranean.
Limited supply due to geomorphology and strict building regulations
Consistently high ADR compared to other Greek islands
Premium tourism clientele with strong purchasing power
Global recognition ensuring sustained demand
In mature markets such as Santorini, value appreciation is not driven solely by square meters, but by scarcity and destination branding.
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