Ag. Ioannis Diakoftis Mykonos Greece
For Sale
Reduced to 7,000,000€
For Sale
Reduced to 7,000,000€ 8,500,000€ - Hotels For Sale Greece
For Sale: Seaview Hotel for Sale in Mykonos, Luxurious Hotel Complex in Diakoftis, Mykonos
Discover a captivating investment opportunity with this prestigious hotel complex in Diakoftis, Mykonos. Situated on a generous 4,000-square-meter land plot, this property offers unparalleled views of Mykonos town, ports, and other enchanting parts of the island.
Complex 1: Hotel A
- 6 Houses
- 24 Bedrooms
- 4 Staff Rooms
- Laundry Room
- 3 Storage Rooms
- 2 Parking Lots
- 3 Private Swimming Pools
- 1 Shared Complex Swimming Pool
- 3 Private Jacuzzis
- Air Conditioning Systems in all rooms and bedrooms
- Electrical Generator: Ensures constant electricity, even during island power blackouts
- Water Drilling System
- Heating System: Operational year-round
- State-of-the-art views of Mykonos town and the ports
- Total Buildings: 1200 square meters
- Land: 4000 square meters
History and Revenue:
- Purchased in 2006
- Originally a private summer getaway for the family
- Refurbished in 2018 and promoted through various booking channels
- In 2019, rented for 6 months, covering all operating expenses
- 6th house, the family’s residence, was not part of the rental agreement
- 2020 contract canceled due to Covid-19; rented privately to friends
- Since 2021, family-managed; operated from July to August due to local lockdowns
- In 2022 and 2023, 5 out of 6 houses rented, generating approximately 400K
- The 6th house, frequently requested, has a projected revenue of 200K per season
- Potential total complex revenue: Approximately 600K per season
Luxury Accommodations:
- Maisonette (1A Main)
- 4 Bedrooms, 4 Bathrooms
- Private Swimming Pool, Sea View
- Living Room, Equipped Kitchen, TV’s, Wifi
- 150.60m2 (interior only)
- Apartment (1B Main)
- 2 Bedrooms (2 doubles & 1 single, sleeps 5), 2 Bathrooms
- Private Swimming Pool, Sea View
- Living Room, Equipped Kitchen, TV’s, Wifi
- 82 m2 (interior only)
- Maisonette with Private Jacuzzi (2A Main)
- 4 Bedrooms, 4 Bathrooms, W/C
- Private Jacuzzi, Access to Shared Swimming Pool, Sea View
- Living Room, Equipped Kitchen, TV’s, Wifi
- 138.60m2 (interior only)
- Apartment with Shared Swimming Pool (2B Main)
- 2 Bedrooms, 2 Bathrooms
- Access to Main Complex Shared Swimming Pool, Sea View
- Living Room, Equipped Kitchen, TV, Wifi
- 80.70m2 (interior only)
- Maisonette with Private Jacuzzi (3AB Main)
- 6 Bedrooms, 6 Bathrooms
- Private Jacuzzi, Access to Shared Swimming Pool, Sea View
- Living Room, Equipped Kitchen, TV’s, Wifi
- 219.10m2 (interior only)
- Luxury Villa with Private Pool (4 Main)
- 6 Bedrooms, 6 Bathrooms, 4 Personnel Rooms
- Private Swimming Pool, Sea View
- Interior & Exterior Living Room, 2 External Dining Areas
- Equipped Kitchen, TV’s, Wifi
Greek Exclusive Properties — Investment Analysis
Complex A — Flagship Estate
Financial Overview
26 keys · 6 villas & maisonettes · 1,200 m² built · Ano Diakoftis, Mykonos · Renovated 2018 · Available independently or as part of the full estate
Complex A — standalone
€7,000,000
26 keys · 6 villas & maisonettes · 3 private pools · Operational today
A + B — combined
€13,800,000
38 keys · fully operational · sea views · best value per key
2024 projected revenue (A)
€587,000
Owner projection at conservative occupancy. Active management unlocks significant further upside.
€7M
Standalone price
26
Keys
6
Villas & units
3
Private pools
1
Shared pool
2
Jacuzzis
9.4
Booking.com
€2,250
Peak night (Villa 4)
Fully licensed (GNTO)New licences on Mykonos effectively prohibited — irreplaceable asset.
Sea & Mykonos Town viewsElevated Kanalia peninsula position with unobstructed panoramic views.
6 independent unitsConversion flexibility — can be redesigned to accommodate more rooms.
Underperforming assetOwner runs at partial capacity. Active buyer unlocks immediate revenue uplift.
Unit breakdown — Complex A
6 independent units across 4 buildings — each with private pool or shared pool access.
Villa 1 · 6 bedrooms
PoolPrivate
Peak rate (Jul/Aug)€2,250/night
Shoulder (Jun/Sep)€1,500/night
Low (Apr/Oct)€1,000/night
2026 projected season~€219,000
Villa 2 · 4 bedrooms
PoolPrivate
Peak rate (Jul/Aug)€1,132/night
Shoulder (Jun/Sep)€874/night
Low (Apr/Oct)€437/night
2026 projected season~€108,000
Bungalow 1 · 2 bedrooms
PoolPrivate
Peak rate (Jul/Aug)€952/night
Shoulder (Jun/Sep)€717/night
Low (Apr/Oct)€492/night
2026 projected season~€91,500
Bungalow 2 · 2 bedrooms
PoolShared
Peak rate (Jul/Aug)€538/night
Shoulder (Jun/Sep)€437/night
Low (Apr/Oct)€190/night
2026 projected season~€51,500
Maisonette 1 · 4 bedrooms
PoolShared
Peak rate (Jul/Aug)€952/night
Shoulder (Jun/Sep)€806/night
Low (Apr/Oct)€437/night
2026 projected season~€91,500
Maisonette 2 · 6 bedrooms
PoolPrivate Jacuzzi + Shared
Peak rate (Jul/Aug)€1,149/night
Shoulder (Jun/Sep)€975/night
Low (Apr/Oct)€560/night
2026 projected season~€110,000
2024 Nightly rental rates — Complex A (per unit)
Rates provided by owner. 2026 projections apply +12% index for current Mykonos market conditions.
| Unit | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|
| 1A · 6-bed Villa | €440 | €550 | €780 | €1,010 | €1,010 | €710 | €440 |
| 1B · 2-bed Bungalow | €220 | €320 | €440 | €660 | €660 | €440 | €220 |
| 2A · 4-bed Villa | €390 | €460 | €720 | €850 | €850 | €640 | €390 |
| 2B · 2-bed Bungalow | €170 | €220 | €390 | €480 | €480 | €330 | €165 |
| 3AB · 4+6-bed Maisonette | €500 | €660 | €870 | €1,025 | €1,025 | €830 | €550 |
| 4 · 6-bed Villa (flagship) | €1,000 | €1,500 | €1,500 | €2,250 | €2,250 | €1,500 | €1,000 |
| Peak night — all units | €2,720 | €3,710 | €4,700 | €6,275 | €6,275 | €4,450 | €2,765 |
2024 projected season revenue — Complex A
Based on owner-provided night-stay projections: Apr 10n · May 18n · Jun 20n · Jul 28n · Aug 25n · Sep 15n · Oct 10n
| Unit | Apr 10 nights |
May 18 nights |
Jun 20 nights |
Jul 28 nights |
Aug 25 nights |
Sep 15 nights |
Oct 10 nights |
Total |
|---|
Historical performance — Complexes A & B combined (2022–2025)
Complex A is the primary revenue driver, representing ~68% of combined A+B income based on key count and unit mix weighting.
| Year | A+B NOI (€) | Est. A share (€) | Avg ADR (€) | Occupancy | A+B FCF (€) |
|---|
A+B Combined NOI
Complex A estimated share (~68%)
Year-on-year performance (A+B)
ADR growth 2023 vs 2022+7%
ADR growth 2024 vs 2023+7%
ADR adj. 2025 vs 2024−6% (tactical)
FCF growth 2023 vs 2022+11%
FCF growth 2024 vs 2023+8%
FCF adj. 2025 vs 2024−4% (tactical)
Complex A specifications
Land4,000 m²
Built area1,200 m²
Buildings4 independent
Units / bedrooms6 units · 26 rooms
Pools3 private + 1 shared + 2 Jacuzzis
Service area4 staff rooms · 2 garages · laundry
Asking price (standalone)€7,000,000
Asking price (with B)€13,800,000
Legal statusFully licensed (GNTO)
Forward return scenarios — full portfolio (A+B+C, 2026–2029)
Complex A is the core income engine. IRR figures reflect the full three-complex investment as modelled in the Project Opulor financial analysis.
Conservative
11.5%
Portfolio IRR
MoIC1.49×
Cumul. FCF 26–29€4.3M
Avg ADR€689
Avg occupancy67%
Exit price 2029€15.0M
Basic Base case
17.0%
Portfolio IRR
MoIC1.78×
Cumul. FCF 26–29€4.7M
Avg ADR€707
Avg occupancy70%
Exit price 2029€18.5M
Optimistic Upside
22.6%
Portfolio IRR
MoIC2.12×
Cumul. FCF 26–29€5.1M
Avg ADR€717
Avg occupancy76%
Exit price 2029€22.5M
Complex A is the flagship revenue asset and primary income driver of the estate, available independently at €7,000,000 or as part of the combined A+B acquisition at €13,800,000 — offering a lower cost per key and immediate additional income. Complex A's 26 keys and premium villa positioning (peak rates up to €2,250/night) make it the strongest yield contributor in the portfolio. At €7M, the implied price per built m² is €5,833/m² — well below the €7,000–€10,000/m² benchmark for luxury built property in comparable Mykonos areas (Ornos, Psarou). Luxury built m² replacement value for Complex A's 1,200 m² supports €8.4M–€12M — meaning the €7M standalone asking price represents a compelling entry discount to replacement cost. All projections are illustrative and not a guarantee of future performance.
VIDEO: Beaches of Mykonos
Mykonos is one of the world’s most prestigious luxury destinations, famous for its cosmopolitan lifestyle, iconic Cycladic architecture and exceptional beachfront villas. If you are exploring property opportunities on the island, discover our guide to Mykonos Real Estate or browse the latest Villas for Sale in Mykonos. You may also explore our full portfolio of Real Estate Greece including luxury villas, seafront homes and investment properties across Greece.
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