Paleokastritsa is a project with one intention, provide sheer minimal architecture in an eco friendly package hearing out what the surrounding environment is offering. Having the minimum impact, the designers of X-architecture embraced the olive grove and the cypress trees that the plot was offering. In combination with the breathtaking view of the Adriatic Sea the design team of X Architecture added the structure acting as chefs who add the spices and the herbs to turn something already excellent into something amazing.
3 master bedrooms, open plan kitchen in a massive overall living room area with jaw dropping views create an overall canvas that touches excellence. The hidden gem is the entirely independent guest house nested harmoniously within the lavish 300 year old olive trees. The landscape of the villa has a dominant swimming pool, an outdoor BBQ area and numerous cozy corners where one can find a perfect spot to relax and appreciate the beauty of life.
- Eco friendly construction in a 300 year old olive grove
- Large openings for maximum sea views
- Skylights for natural light and natural air flows
- Smart home
- Master bedrooms
- Large infinity swimming pool
- Autonomous guest house
- 4 car parking areas
BUSINESS MODEL & NUMBERS
With the overall detailed and sophisticated knowledge, we have of Corfu island and its market, this project is the epitome of pleasure and investment. It combines both of these aspects excellent due to its magnificent location and the overall dynamics of the market and the needs that its potential buyers have (pampering during vacations in an exquisite environment, excellent profits on resale values and great annual returns on seasonal rental yields).
The expected profit when someone resales such property is ranging from 40% - 75% (when completed). As we speak, the estimated selling prices are from 4,500 €/sqm - 6,500 €/sqm for sea view villas. That number significantly increases the closer to the seawater the project is. Regarding the rental yields such property can safely attain a rate of 8% to 9% (when managed outsourced, the percentage can increase if the overall management is done by the owner).
The plot is located in the famous resort area in Paleokastritsa north west in Corfu island. Famous for its landscape, the crystal clear waters and the numerous solely accessible by boat beaches, Paleolastritsa is just 30 minutes from the UNESCO World Heritage Monument town of the island, the international airport ,providing direct and easy connection with Athens and the rest of Europe, and the main port of Corfu making the access to the mainland of Greece a simple task. Not more than 20 minutes away there is Gouvia marina (the largest marina on the island capable to accommodate any type of boat) and an 18-hole golf course.
Corfu’s idyllic overall scenery, its amazing sights and its high end tourism facilities transforming it from just a destination into an experience and a suitable place both for relaxation and connection with nature and also for a luxury environment ready to pamper its visitors.