Cave House Oia Santorini Caldera

Cave House for Sale Oia Santorini Caldera – 180° Volcano View

Rare Investment on the Caldera – 2 Authentic Cave Homes with Panoramic Terraces

A once-in-a-lifetime opportunity to acquire two traditional cave houses in Oia, Santorini, perched on the world-famous Caldera cliff, just 35 steps from the vibrant main street of Oia. These unique properties offer unobstructed 180° views of the volcano, the island of Thirasia, and the deep blue Aegean Sea—a setting of timeless beauty and tranquility.

Each unit maintains the authentic architecture of traditional yposkafos cave dwellings, carved into the volcanic rock and designed to embrace natural light, privacy, and uninterrupted connection with the landscape. The two houses currently operate independently, each with its own entrance and panoramic private veranda, but can easily be unified into a single larger home.

Property Overview

• Location: Oia, Caldera – next to the Venetian Castle

• Total Living Space: 60 sq.m. (35 + 25 sq.m.)

• Outdoor Terraces: 54 sq.m. total (32 + 22 sq.m.)

• Bedrooms: 3 total (with additional sleeping arrangements)

• Bathrooms: 2

• Rental Income Estimate: €100,000–€120,000 per year

• Distance to Main Street: 3 minutes’ walk

• Energy Class: Traditional Property (non-classified)

House 1 (35 sq.m. + 32 sq.m. veranda)

• One cozy double bedroom

• One bathroom

• Living area with 2 convertible futon couches (sleeps 4 in total)

• Fully equipped kitchen

• Traditional open-plan layout that honors natural cave form

• Panoramic terrace with caldera, volcano, and island views

• Wi-Fi, ceiling fans

• Ideal for peaceful stays, sunset viewing, and al fresco dining

House 2 (25 sq.m. + 22 sq.m. veranda)

• Two mezzanine double beds with views toward the caldera

• One bathroom

• Open-plan living room and kitchen

• Small windows offering sea views from all sleeping areas

• Heating for winter use

• Wi-Fi and fans

• Bright, elevated interior with preserved traditional finishes

Location Highlights

• Adjacent to the iconic Venetian Castle – Santorini’s most photographed sunset spot

• Only 3 minutes from the marble-paved pedestrian street of Oia, with boutiques, art galleries, and fine restaurants

• Steps away from Ammoudi Bay, world-renowned for its tavernas and seafront atmosphere

Investment Potential

These two cave homes in Oia Santorini are ideal for:

• Daily vacation rental (est. €600–€800/day)

• Boutique hospitality business or couple’s retreat concept

• High-yield seasonal returns (up to €120,000/year with 70% occupancy)

• Golden Visa buyers (combined value depending on pricing)

Whether you’re looking for a secure investment, a distinctive holiday home, or a lifestyle property in Santorini’s most iconic location, this listing offers exceptional value and unmatched aesthetics.

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