Just 50 meters from the sea and tucked behind the iconic Panagitsa Church, this classic Aeginitan home offers an exceptional opportunity for investment or transformation into a luxury island residence. Built in 1920, the property reflects the architectural charm of traditional island homes and occupies a prime location in the very heart of Aegina Town. The total existing structure includes 100 sq.m. on the ground floor and an additional 100 sq.m. in the basement. Furthermore, the property includes building rights for an additional 100 sq.m. upper floor, allowing for significant expansion. In need of full renovation, the home presents a blank canvas with remarkable potential. Whether envisioned as a refined townhome steps from the port, shops, and cafes, or a stylish boutique hotel, this property is ideally situated to take full advantage of everything Aegina has to offer—its vibrant year-round community, proximity to Athens, and captivating island charm.