Property for sale Santorini

Imerovigli, Santorini

For Sale 550,000€ - Villas for Sale Greece

GREX1178848 104 sqm 3 Bedrooms 2 Bathrooms 1995 Year Built200 sqm

Property for sale Santorini Imerovigli

Set in Imerovigli, widely regarded as one of Santorini’s most coveted addresses, this detached house presents a rare opportunity for discerning buyers and investors. The property occupies a plot of 200 sq.m. and comprises 104 sq.m. of living space, originally built in 1965 and renovated in 1995.

The Residence

Arranged over two levels on the ground floor, the property currently comprises three studios, with the possibility of an additional studio of approximately 30 sq.m. The residence includes a private yard, two kitchens, one living room, two bathrooms and two WCs, together with parking. Built in a neoclassical style, the house carries an energy performance rating of E.

Total size: 104 sq.m.
Plot: 200 sq.m.
3 studios, with potential for a fourth of circa 30 sq.m.
2 kitchens, 1 living room, 2 bathrooms, 2 WCs
Private yard and parking
Neoclassical architectural style
Built 1965, renovated 1995

Location & Lifestyle

Imerovigli sits within Santorini’s residential zone in the Cyclades, close to the celebrated Caldera, a location long favoured by those in search of a distinguished island retreat. The area continues to attract families, holidaymakers and investors drawn to its renowned setting and character.

Investment Potential

With careful renovation, the property could be transformed into a refined residence suited to the luxury holiday rental market, with the seller indicating a potential nightly rate of €300 to €400 per studio through established booking platforms. Given its position within Santorini’s Caldera area, its scale and its current price, the property represents a compelling proposition for those seeking to develop a distinctive asset in one of the island’s most sought-after locations. Greek Exclusive Properties offers private in-person viewings, as well as floor plans or a video call for those unable to visit in person.

Frequently Asked Questions

Can foreign nationals buy property in Greece?

Yes. Both EU and non-EU nationals can purchase property in Greece with full ownership rights. Non-EU buyers require a purchase permit in designated border zones such as Santorini, Rhodes and parts of the Dodecanese and northern Greece, issued by the local authority. Greek Exclusive Properties handles the due diligence and coordinates every step for international buyers.

Does this property qualify for the Greek Golden Visa?

At €550,000, this property does not meet the €800,000 investment level and may qualify for the Greek Golden Visa depending on the specific location tier defined under Law 5100/2024 (the threshold rises to €800,000 in the highest-demand areas). Greek Exclusive Properties confirms eligibility for each property and guides non-EU buyers through the residency application.

How are viewings of this property arranged?

Greek Exclusive Properties arranges private, in-person viewings only. Where an in-person visit is not immediately possible, we can provide floor plans or a live video call. Viewings are scheduled directly with our team for qualified buyers.

What is the buying process for foreign buyers in Greece?

The process typically involves obtaining a Greek tax number (AFM), legal due diligence on title and permits, agreeing terms, and completing through a notarial deed. Greek Exclusive Properties coordinates viewings, the legal and advisory teams, and the full transaction from shortlist to closing.

Can this property generate rental income?

Homes in established Greek island and coastal destinations can perform well in the short-term rental market, particularly properties with sea views, a pool and strong outdoor living. Actual returns depend on location, seasonality and positioning. Greek Exclusive Properties can advise on the realistic rental outlook for this property.

How Do I Get a Property Inspection in Greece?

Greece does not have a mandatory pre-purchase inspection system equivalent to the US home inspection. Buyers are strongly advised to commission an independent structural survey from a licensed civil engineer (politikos michanikos) and to have planning and permit status verified by an architect or lawyer. Greek Exclusive Properties facilitates introductions to trusted independent surveyors.