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.
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 rentalCombination of private use and income generationPositioning within a stable, high-demand tourism market Pricing Lower residence (cave house) 47 sq.m.: €190,000First-floor residence 49 sq.m.: €200,000Total 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
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 regulationsConsistently high ADR compared to other Greek islandsPremium tourism clientele with strong purchasing powerGlobal recognition ensuring sustained demandIn mature markets such as Santorini, value appreciation is not driven solely by square meters, but by scarcity and destination branding.