Luxury detached house for sale in Mykonos, South Aegean Islands
A detached house for sale in Faros Armenistis, Mykonos in the Cyclades for 5.500.000€
The villa is located 7 minutes drive from Mykonos town and 5 minutes by car from the beach of Ag. Stefanos, covers an area of 510 m2 and sits on a plot of 4.900 m2, in a tranquil setting, surrounded by fabulous traditional Cycladic stonework. It can accommodate up to 16 guests in 8 bedrooms with air conditioning and ceiling fans, as well as TV and Wi-Fi. This secluded villa offers guests a sense of privacy and relaxation, well protected from the north Myconian winds throughout the summer, while the island's famous nightlife is a short drive away. The villa's design provides spectacular sea views from all outdoor seating and dining areas. The large outdoor spaces are equipped with sun loungers, Jacuzzi, barbecue and dining area. The villa occupies two levels. Each level has its own entrance. The upper level with pool consists of a spacious lounge area with TV, Blu-ray player, fireplace and stunning sea views, an outdoor dining area with panoramic sea views, a fully equipped kitchen with cooking unit and three stools. The villa's three bedrooms are on this level. "Master bedroom with double bed, closet, en-suite bathroom and access to the Jacuzzi and outdoor seating area. "Master bedroom with twin beds that can be converted into a double bed, stunning sea views, access to the pool and en-suite bathroom " Double bedroom with double bed and en-suite bathroom
In Greece a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Mykonos; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Greece finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Greece takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Mykonos short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (6 167 697 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Mykonos: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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