Building for Sale

Exceptional Investment Opportunity in Plakes, Milos – Traditional Stone Property with Approved Development Permit For sale is a traditional stone-built property situated on a plot of 313 sq.m., located in one of the most authentic and sought-after areas of Milos, Plaka. The existing building, with a total surface of approximately 130 sq.m., currently consists of two independent ground-floor apartments with a shared rear courtyard and preserves authentic elements of Cycladic architecture. A building permit has already been issued for: • restoration of the existing stone structure • addition of an extra floor • total development of up to approximately 250 sq.m. According to the approved architectural plans, the development allows for the creation of up to five independent apartments (three on the ground floor and two on the upper floor), making the property ideal for touristic or investment use, such as boutique apartments or luxury short-term rentals. The approved plans also include: • construction of a swimming pool • creation of private parking spaces • while a municipal parking area is located within very close proximity, a rare and valuable asset for the area This property represents a unique investment opportunity in a prime location with strong demand and limited availability, offering significant added value potential in one of the most desirable destinations of the Cyclades.