Big Property of 3 Houses at Finikia Oia Santorini EXCLUSIVE

Big Property of 3 Houses at Finikia Oia Santorini  EXCLUSIVE
Finikia 847 02, Greece
SOLD 520,000€ - Villas for Sale Greece
FINIKIAPROPERTY02 140 m2 3 Bedrooms 3 Bathrooms

Property of 3 Buildings total 140 sq.m for Sale at Finikia Oia Santorini


2 cave houses and one additional separate building, totally about 140 sq.m building area.
The plot size is 320 sq.m
Everything in perfect shape and condition.
Each house has 1 bedroom, 1 bathroom, 1  kitchen and living room and a beautiful terrace looking at the sea. The terrace can become a beautiful open air lounge with Jacuzzi with great sea views. The property has in total 3 big terraces (balconies)
The houses have also an  EOT license and can be offered as Summer Villas in Santorini generating a very good income.

Estimating a daily income of approximately 600-800 euro from rentals (around 80-100.000 euro income per season)


The property, which is a stone house consisting of three separate apartments.

The whole property was undertaken a total renovation and development in 2004. It is in very good shape.

The total living area of all apartment is 143 sqm in one floor. The plot is in total 318 sqm.

In each apartment there is one bedroom, one living-room, kitchen and bathroom.

Area of apartment 1=65 sqm, apartment 2=35 sqm, apartment 3=30 sqm

Apartment 1 has also a wonderful fireplace lovely to use in winter or springtime.

Two of the apartments are partially cave houses and the have roof windows as well as ordinary windows. Both the heat in summer and the cool in winter are kept away while the special isolation of the soil in Santorini.

The third apartment is a beautiful little house with full sea view from all windows.

Plus a separate storage room= 13 sqm

Three terraces all with sea views.

Two big water-cisterns which are not used –other properties have developed them as pools or rooms.

  1. a) has about 10 sqm and depth 2,8 m
  2. b) about 1,5 sqm and deph 5,5 m

The closest beach is Baxedes a black sand beach which is very long almost 3 km long. A new small pedestrian road is built so you can go by foot it is about, 1500 m walk.

The property generates a 100.000 euro income from rentals per season

20-25% ROI


INITIAL PRICE 590.000 euro



Villa, Foinikia, Oia; Santorini, Greece

Foinikia is a very old genuine village from the time of the Fenizians. The village is situated in the outskirts of the famous Oia. The walk by foot to Oia is about 300 meters. In the village of Foinikia, there is no traffic other than donkeys transporting tourist’s luggage or other things used in the daily life. There are quite a lot of churches – smaller and bigger – the most important one, is the Matron situated in the middle of the village. You can get excellent food to good price, at the three restaurants – Krinaki, MezeMeze and Lefkes. Permanent residents in the village are some between 60-100 persons. In the spring, summer and autumn Greeks living in Athens come to their summer-houses in Foinikia, tourists love the village very much because of the silence and the genuineness.

The village has a good supply with drinking water from the water communal waterworks in Oia. You have water directly in your tap and not by tank truck. There are also municipal arrangement for sewage water, continuous garbage collection and cleaning by the small alleys. Light poles make you feel safe and you never have to go in the dark to get by your house.

Current owners bought the house in 2004 and immediately started a process of renovation and modernization. This job was executed by a wellknown interior designer from Santorini,  color selection and material were choosen so that the tradition of Santorini was completed and the cultural values were preserved at the same time the demands of modern functionality were obtained.

The plot is in total 318 square meters and is actually three different apartments of approx 150 sqm living area. This area is distributed over two cavehouses (B1 and B2) connected with one another. Those houses have each an “Arab wind tower” where wind and light come in, of course there are other windows too.

The third apartment is a traditional fantastic Santorinian independent house (B3).

Each apartment (cavehouses) and the independent house can be used as a separate apartment – in the following text we call them B1, B2 and B3.

All floors have new clinkers in terracotta, the bathroomfloors are midblue and the walls are in mosaic in matching colurs. All walls are plastered and whitewashed.

The houses/apartments are very well equipped concerning power outlets as well inside as outside, lighting fixtures/luminaires for outdoor lighting are put up as well on houses as in walls and also outside the property entrance. Inside there are lots of spotlights in modern design. To protect the villa from heavy rains in the winter time, there are also extra sewerage and drainage ramps.

Heating and cooling functions is a quite fantastic way in the cavehouses, while they are partly built in the special china clay typical for Santorini, the houses are isolated from cool as heat. For further needs of heating – electric radiators are used. All windows have mosquito nets.

House/apartment B1 is 65 sqm and contents a bigger livingarea with wonderful fireplace, nice to warm up by chilly springevenings. There is also a separate sleepingroom, a big bathroom with washingmachine and a well equipped kitchen with stove and oven, fridge and freezer and a dishwasher, sink in white marble.

B2 consists of 35 sqm, a livingroom with pentry, sink in white marble, fridge and freezer a stove, separate sleepingroom and a bathroom with shower.

B3 is 30 sqm and is a separate house, almost as a dolls home, a living room and separate sleeping room, a small bathroom with shower and a pentry with sink in marble, frigde and a small stove. From all windows in this house ther are stunning views over the ocean and the mountain. Connected to the house there is a separate little porch.

With entrance from the Inner terrace (look alike a Riad) ther is a separate storehouse, ca 13 sqm, used for garden tools and outdoor furniture.

Also there are two water-cisterns, from the old times, then Santorini has always been an island where the inhabitants collected rainwater. The cisterns are big and are underground; one holds 15 cubic meters and the other 10.

The property has a huge, 40 sqm, cemented terrace surrounded by a garden of olive tree, lavender, bougainvilla and cactus plants who can withstand drought in summer. From the terrace you have an amazing oceanview and or up to the mountain where the chapel of Maria is situated as sugar top on the top.

On the property there is an Inner terrace, a yard with bougainvilla and a pomgrante tree. In this place you can find leeward when the northern wind blows. On the upper terrace, which also is the roof for B1 and B2, you will have full view over the Egean Sea. As a matter o fact, you can see as far as to Ios and Folegandros, as well as to Amorgos and Sikinos.

Owners rent a private parking place at Finnikia Square with distance to the house in about 300 meters. The property has a license for renting, EOT. All plans, maps and contracts are in best condition and every meter is properly legal and registered. To the houses there goes wires for telephone and internet.

The closest beach i Baxedes Beach a 3 kilometers long beach with black lavasand and there are sunbeds to rent or if you want to be private …

A new walkway have been paved from the village down to Baxedes and this will shorten the distance to the beach to 1500 meters.


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Agent Kostas Taralas

Kostas Taralas Owner of Greek Exclusive Properties

Kostas Taralas  is the owner and founder of  Greek Exclusive Properties,  Luxury Homes &…
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Kostas Taralas Owner of Greek Exclusive Properties

Kostas Taralas