Twilight aerial visualisation of a low-density resort along an unbuilt coastline with sandy coves
Artist's impression · AI-generated visualisation
Strictly Off-Market · South Crete, Greece

≈40 Hectareson an unbuilt stretch of the Libyan Sea

≈40 hectares in one ownership, with c. 900 metres of sea frontage and four sandy coves — inside a zone designated for private urban planning.

South coast · c. 1 h 15 from the new Kastelli airport
Off-market mandate · location, title and price released to identified principals only
Discover

Coastal landbanks of this scale are no longer assembled — they are inherited. This one is a single title, a single frontage, and a single decision: what to build on a shoreline that has never been built on.

≈40 ha
Total Site Area
900 m
Sea Frontage
4
Private Sandy Coves
90 000 m²
Indicated Buildable
Night aerial visualisation of one cove: beach, pool terrace and low stone buildings set back into the hillside
One cove, illuminated — artist's impression · AI-generated visualisation
Due South · The Libyan Sea

Sun on the water from first light to last, and open sea to the horizon — the one thing a resort can never be given later.

Artist's impression · AI-generated visualisation
Indicative Potential

What the envelope allows.

The vendor's own study indicates a built envelope of up to c. 90,000 m² across the holding. How that is spent is entirely the buyer's decision — the mix below is one illustration of scale, not a scheme, not a permit, and not a recommendation.

Water-level visualisation of a cove at sunset with terraced stone buildings, beach and infinity pool above the sand
Water level, looking back at the land — artist's impression · AI-generated visualisation
14,000 m²

Five-star hotel & spa

Set above the coves with direct beach access — the anchor that establishes the address and the operator relationship.

68,000 m²

Residences

Villas, townhouses and apartments phased over time — the component that returns capital while the resort matures.

8,000 m²

Retail & leisure

Guest-facing retail, dining and entertainment serving both the resort and the surrounding catchment.

Open

Sport & landscape

The elevated parcel absorbs golf, courts, wellness and open landscape without competing for shoreline.

Basis of information — read this first

The planning statements, areas and buildable figures on this page derive from vendor documentation prepared in 2015. Greek planning law, coefficients and coastal rules have moved since. Nothing here is a warranty: every figure is offered as a starting point for the buyer's own legal, technical and planning due diligence, and the current status will be re-confirmed with the competent authorities as part of the transaction process.

Access

The connections that already exist.

Every distance below is by road as it stands today. Nothing on this page depends on infrastructure that has yet to be built — the position is strong before a single new kilometre is laid.

Connection
Today
Position
Regional town centre
c. 5 min
Full-service town: port, retail, schools, hospital, year-round population.
New Heraklion (Kastelli) international airport
c. 1 h 15
Commercial opening targeted November 2028 — construction and systems contracts are signed and running.
Nearest regional airport
c. 45 min
Domestic and seasonal European service — useful for staff, owners and shoulder season.
Who Is Already Buying Crete

The capital arrived before the roads did.

Sovereign wealth, American private equity and Greece's own hospitality families have committed well over €1.6 billion to this island in the current cycle. Every scheme below is publicly announced, with a named backer.

€800m

Elounda Hills

Agios Nikolaos · North coast

Three five-star hotels, 375 residences, a 202-berth marina and a helipad. Developed by Mirum Hellas; operated under 1 Hotel & Homes by SH Hotels & Resorts, the Starwood Capital platform.

€220m+

Ikos Kissamos

Kissamos · West coast · Open

420 keys on c. 200,000 m² with 600 m of beachfront — the largest hospitality investment in the island's history. Opened spring 2026 by Sani/Ikos, controlled by GIC, Singapore's sovereign wealth fund.

€267m

Itanos Gaia

Cavo Sidero · Lasithi

Hotels, golf, marina, conference and wellness centres on the island's far north-eastern peninsula. Promoted by Minoan Group.

€235.8m

Cretan Tale

Mylopotamos · Rethymno

Five holiday-residence complexes, two hotels and a marina, carrying Strategic Investment status. Promoted by Blue Frontier.

€121m

South-coast strategic scheme

South Crete

A €121.11m Strategic Investment on the southern shore by the Sbokos and Vassilakis families — two of the oldest names in Greek hospitality and aviation.

Signed

Sitia Bay & Blue Palace

East & North-east Crete

Auberge Resorts Collection signed for an ultra-luxury resort and branded residences at Sitia with Iktinos Hellas and CBE Capital; Rosewood took Blue Palace at Elounda — its first address in Greece — for the Sbokou family's Phāea Group.

Four of the six sit east of Heraklion. The frontier is moving this way.

Figures as publicly announced by the promoters and the Greek press. Listed as market context only — no connection to, or endorsement of, the property offered here.

Process

How this proceeds.

The owner's instruction is explicit: this asset is not to be publicly marketed. It is represented under signed mandate and released in stages, against identification of the principal. Any public listing of this property that you may encounter is unauthorised and does not reflect the owner's terms.

Expression of interest

A short exchange to establish the principal, the intended use and the capital structure.

NDA

Confidentiality agreement executed, after which the location, title and guide price are disclosed.

Information pack

Topographic plan, ownership position, planning file and the vendor's studies, with our own commentary on what still requires re-verification.

Site visit

Accompanied inspection on the ground, with the technical and legal advisers of your choosing.

Strictly Private & Confidential

Request the particulars

Offered strictly off-market. Location, title position and guide price are disclosed to identified principals and their appointed advisers on execution of a confidentiality agreement.

Guide price on application

Offers are invited for the whole. The vendor will consider a structured completion; we will say plainly which parts of the file are current and which require re-verification before you commit a euro to diligence.

Sales Representation
Anna Danilova
Real Estate Consultant · Orea Estate · Crete, Greece
private@oreaestate.com +30 (694) 969-68-78 oreaestate.com
Request the particulars
Provided for information only · not an offer or solicitation
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