Hotel for Sale

Completed in 2024 and set in the highly sought-after coastal enclave of Makry Gialos, Ierapetra, this distinguished three-storey property offers a rare blend of contemporary design, income-generating potential, and future development opportunity—just 150 metres from the area’s renowned crystal-clear beach. The building is thoughtfully configured to accommodate a fully operational hospitality business. The ground and first floors comprise six luxury apartments, each approximately 40 sq.m., with three residences on each level. Constructed to the highest modern standards and fully equipped with quality household appliances, the apartments reflect a refined aesthetic and a commitment to comfort, efficiency, and durability, making them ideally suited for premium short- or long-term rentals. Occupying the entire second floor, a luxurious private residence of approximately 120 sq.m. crowns the property. This elegant home features three bedrooms and two bathrooms and enjoys breathtaking, unobstructed views of the sea, offering an elevated living experience defined by privacy, light, and coastal serenity. Directly opposite the property lies a separate 1,000 sq.m. plot, currently utilised as private parking for the apartment complex. The plot also includes a fully licensed 40 sq.m. children’s playground, constructed in full compliance with current safety regulations—an exceptional asset for family-oriented hospitality. Furthermore, the land provides significant future development potential, with building capacity of up to 450 sq.m., allowing for meaningful expansion of the existing accommodation operation. Makry Gialos is celebrated for its unspoiled beauty, turquoise waters, and relaxed yet sophisticated character. A destination that seamlessly combines authenticity with an increasingly strong international profile, it offers pristine beaches, excellent local cuisine, and a steadily growing tourism market. This exceptional property is ideally positioned as a turnkey investment, a lifestyle residence with income, or a strategic long-term development opportunity along Crete’s coveted southern coast.