For Sale 650,000€ - Villas for Sale Greece, Apartments
Traditional Three-Property Estate — Vothonas Village, Santorini
In the heart of Vothon — one of Santorini’s most intimate and architecturally authentic traditional settlements — this rare estate brings together three independent properties under a single title, offered exclusively as a unified complex. A fully restored stone mansion, an independent loft and an original underground canava combine to create a compound of exceptional historical character, genuine architectural rarity and significant development potential. The estate represents the kind of acquisition that is no longer possible to assemble from scratch on Santorini: three distinct structures of authentic Cycladic heritage, on a single plot, in a village that the tourist economy has touched lightly and time has treated with unusual generosity.
Property Overview
- Total complex: 3 independent properties sold exclusively as a unified estate
- Stone mansion: Approximately 80 sq.m. — fully renovated
- Independent loft: Approximately 50 sq.m.
- Underground stone canava: Approximately 100 sq.m. — unrestored, with significant development potential
- Total approximate area: 230 sq.m.
- Outdoor Jacuzzi: Upper courtyard with independent access
- Courtyards: Two — one private upper courtyard, one shared lower courtyard
- Notable features: Three authentic traditional roof vessels with frescoes, two cross-vaulted ceilings, internal stone staircase, independent two-person guest suite at lower level
- Location: Vothon, Santorini, Cyclades
Interior Living Spaces
The Stone Mansion
The 80 sq.m. mansion is the architectural and historical centrepiece of the estate — a fully restored traditional Santorinian manor house in which every restoration decision has been made in deliberate deference to the building’s original character. Internal stone staircases, two impressive cross-vaulted ceilings, three authentic traditional roof vessels decorated with frescoes, a fully equipped kitchen, two bathrooms and an independent two-person guest suite at the lower level together create a residence of layered historical depth and genuine domestic completeness.
The cross-vaulted ceilings are among the most architecturally significant features of historic Santorinian interiors — a structural form that appears in the island’s oldest and most distinguished manor houses and that cannot be reproduced in new construction. Their presence in this mansion, alongside the frescoed roof vessels, confirms the building’s status as a property of exceptional heritage value rather than simply a well-renovated traditional house.
The private upper courtyard provides an independent outdoor space attached to the mansion, with an outdoor Jacuzzi that creates a private relaxation environment within the traditional village setting — secluded, characterful and entirely at odds with the expectations one might bring to a compact island settlement.
The Independent Loft
The 50 sq.m. loft opens from the shared lower courtyard — an independent unit equally suited to private guest accommodation, long-term rental or integration into a managed hospitality offering. Its autonomy from the mansion ensures that both structures can be occupied and operated independently, giving the estate its fundamental commercial flexibility.
The Underground Stone Canava
The third structure is the estate’s most strategically significant: an authentic 100 sq.m. underground stone canava — the traditional Santorinian wine-production cellar — in its original unrestored state. This is not a building that requires renovation to be usable; it is a building that awaits transformation, and the range of what that transformation could deliver is the source of the estate’s most compelling long-term value proposition.
Outdoor Living
Two courtyards structure the outdoor life of the estate. The upper courtyard — private, with independent access from the mansion — holds the outdoor Jacuzzi, creating a secluded and genuinely luxurious outdoor environment within the stone walls of the village. The lower shared courtyard connects the loft to the wider complex and provides the social and transitional outdoor space around which the three structures are organised — a deeply traditional Cycladic arrangement that gives the estate its sense of compound rather than collection.
Features & Amenities
- Fully restored traditional stone mansion of approximately 80 sq.m.
- Three authentic traditional roof vessels with original frescoes
- Two cross-vaulted ceilings
- Internal stone staircase
- Independent two-person guest suite at lower mansion level
- Two bathrooms in mansion
- Fully equipped kitchen in mansion
- Private upper courtyard with outdoor Jacuzzi
- Independent loft of approximately 50 sq.m. on lower shared courtyard
- Authentic underground stone canava of approximately 100 sq.m. — unrestored
- Two independent courtyards
- Sold exclusively as a single unified estate
- Significant commercial and hospitality development potential
Location Highlights
Vothon is a small traditional settlement in the interior of Santorini — one of the island’s least commercialised and most architecturally preserved villages, whose stone lanes, traditional houses and authentic Cycladic character represent exactly the environment that the most discerning international visitors to Santorini are increasingly seeking as an alternative to the saturation of Fira and the commercial intensity of Oia. The village’s wine-producing heritage — reflected in the canava at the heart of this estate — connects it directly to the Assyrtiko tradition that has made Santorini’s vineyards one of the most celebrated in Europe.
The island’s full range of destinations — caldera villages, beaches, restaurants, the port and the airport — are accessible by car, while the village itself retains the authentic pace and physical character of pre-tourism Santorini. This balance of seclusion and connectivity is precisely what commands a premium among the experiential traveller segment that now defines the upper tier of the island’s hospitality market.
Investment Potential
The unified estate offers investment potential across several distinct development pathways, and the intelligence of any acquisition here lies in identifying which pathway best suits the buyer’s vision, capital and timeline.
As a private residence or family compound, the three structures provide a complete and varied living environment — mansion, guest loft and a canava awaiting transformation — of a scale and authenticity that money alone cannot assemble on today’s Santorini market.
As a boutique hospitality asset, the mansion and loft can operate as independent rental units immediately, while the canava’s restoration creates a third accommodation category or a shared amenity space — wellness, wine tasting, dining — that elevates the entire complex into the premium experiential accommodation segment.
The canava is the estate’s most open-ended asset. Subject to the relevant approvals and licensing from the competent authorities, its original underground stone structure could accommodate a wine restaurant, a gastronomic tasting room, a wellness space or a boutique hospitality venue — any of which would align naturally with the Assyrtiko wine and gastronomy identity that defines Santorini’s most successful experiential tourism concepts. The canava’s unrestored state means that the transformation is entirely in the hands of the new owner, and the architectural shell it provides is one that could not be commissioned or built today.
Non-EU buyers should note that this acquisition may qualify under Greece’s Golden Visa programme, granting Schengen Area residency rights and freedom of movement within the European Union. Greek Exclusive Properties provides full guidance on eligibility, legal structuring and the application process for all international clients.
Would you like to schedule a private visit to the property?
