Main Countries Buy Rent

Villa 550 м² in Mykonos, Greece

4 471 266 $

8 129 $ /м²

4OUwg
Share:

Area

550 м2

Bedrooms

8

Bathrooms

9

8 Bedroom luxury villa for sale on the island of Mykonos, Greece.

Divine Castle Resort is a modern two-storey mansion due to the intersecting topography of its location; it is located in the area of "Kastro" (Castle) in the region of "Fanari or Pharos Armenistis" on the island of Mykonos. It is one of the most popular villas due to its panoramic view of the endless emerald blue Aegean Sea and the natural landscaping of Mykonos. The villa consists of nine bedrooms with stunning views of the crystal clear waters of the Aegean Sea and the spectacular sunsets of the cyclades; six of the bedrooms have en-suite bathrooms. The resort has one spacious open kitchen leading into cozy living and dining areas, opening onto a magical shaded terrace and sunny pool terrace. This luxury hotel also offers amenities such as a guest restroom, various outdoor seating and dining areas, a barbecue area and an infinity pool. With an interior area of over 550 square meters, the hotel has a high standard of construction as this magnificent resort was built in 2018. PHANARI or PHAROS ARMENISTIS: Fanari, a Greek word, means "lighthouse" in English and that is why the area is also called Pharos Armenistis. The term "Pharos" translates to "lighthouse" in English and the word "Armenistis" means "sailor". The neighborhood is located on a rising hill overlooking the island of Tinos, on the northwestern side of Mykonos, and its landmark is the lighthouse. The island's capital, Mykonos Town, can be reached in ten minutes. The hilly terrain of the area creates a picturesque picture of the cycladic world. The surrounding area offers complete privacy and quiet thanks to the scattered luxury hotels and villas. It is worth mentioning that from the lighthouse you can admire the romantic Mykonian sunset over the glistening waves of the Aegean Sea.

Services and facilities

Pool
Garden

Additional details

Property type

Elite

Object type

Villa

Price

4 471 266 $

Characteristics

Pool
Garden

FAQ

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 (4 471 266 $) 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).

Related sections