Detached House with Tourist License in Karterados, Santorini

Detached House with Tourist License in Karterados, Santorini

A fully renovated and furnished 96 sq.m. detached house is offered for sale in Karterados, just 1 km from Fira’s main square. The property combines authentic Cycladic architecture with modern living standards and represents a complete investment opportunity with an existing tourist accommodation license.

Layout & Configuration

The property consists of two independent residences of 47 sq.m. and 49 sq.m. respectively, with the option of internal connection and conversion into a single maisonette.

One of the two units is a traditional cave house, a highly sought-after asset type for short-term rental in Santorini.

Each residence features:

• 1 bedroom
• 1 living room
• 1 fully equipped kitchen
• 1 bathroom
• 2 air-conditioning units
• Solar water heater
• Independent entrance
• Private courtyard / outdoor area

The property was fully renovated in 2018, including:

• Energy-efficient German-type wooden frames (Dawin) with insect screens
• Traditional polished cement finishes on floors and bathrooms
• Modern electrical and plumbing installations
• Full furnishing and electrical appliances

The house is wheelchair accessible and connected to the public sewage network.

Location & Accessibility

The property is situated in a quiet neighborhood of Karterados, with immediate access to key infrastructure:

• 400 m from bus stop
• 300 m from open parking area
• 500 m from shops, bakery, and restaurants
• 3.8 km from the airport
• 8.1 km from the port
• 3.8 km from the sea
• 400 m from the hospital

Investment Profile

The property holds a tourist accommodation license and demonstrates verified performance, with annual gross revenues in the range of €55,000 – €60,000.

Operational flexibility (single residence or two autonomous units) allows for:

• Yield optimization through short-term rental
• Combination of private use and income generation
• Positioning within a stable, high-demand tourism market

Pricing

• Lower residence (cave house) 47 sq.m.: €190,000
• First-floor residence 49 sq.m.: €200,000
• Total property price: €390,000

The residences can be purchased either jointly or separately, offering strategic flexibility to the investor.

Key Facts

• Building size: 96.08 sq.m.
• Plot size: 96.84 sq.m.
• Year of construction: 1982
• Full renovation: 2018
• Energy Performance Certificate: under issuance
• Mortgage: Yes

Why Invest in Santorini

• Santorini is one of the strongest international real estate brands in the Mediterranean.
• Limited supply due to geomorphology and strict building regulations
• Consistently high ADR compared to other Greek islands
• Premium tourism clientele with strong purchasing power
• Global recognition ensuring sustained demand

In mature markets such as Santorini, value appreciation is not driven solely by square meters, but by scarcity and destination branding.