Luxury 7 bedroom villa in Mykonos, South Aegean Islands
Breathtaking views of the Aegean Sea provide a welcome backdrop for Cyllene, a rare masterpiece on the Greek island of Mykonos. Located within walking distance of the beach, enjoying breathtaking Aegean Sea views and distinctive Cycladic architecture, Cyllene offers the ultimate in luxury island living. This magnificent villa is under construction in a spectacular location just 15 minutes from Mykonos Town and will be completed to the highest standards in early 2023. The brilliant integration of natural elements and indoor and outdoor living creates harmony with the Aegean environment. Most of the rooms are designed for outdoor living, which is typical of the Mykonos lifestyle, and have wide verandas opening onto spacious patios, while the stunning infinity pool and breathtaking sea views are mesmerizing and enchanting. At Cyllene, all rooms are designed to allow light to fully penetrate and panoramas to stretch as far as the horizon. On the main floor, the spacious living and dining rooms exude a sense of calm and serenity, while on the second floor, two voluminous bedrooms, each with its own private plunge pool, create the perfect atmosphere for relaxation and tranquility. Downstairs, four spacious en-suite bedrooms allow for additional guests to be accommodated in this tranquil retreat. The perfect integration of landscape and design has minimized the underground residence's impact on the environment while providing high-end aesthetics, privacy and breathtaking views of the endless blue,
Characteristics
Property type
Elite
Object type
Villa
Price
6 167 697 $
FAQ
How can I get a residence permit by buying property in Greece?
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.
Is a mortgage available for non-residents in Greece?
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.
What taxes and fees apply when buying in Greece?
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.
How is the title checked in Greece?
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.
Can I rent out property after purchase in Greece?
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.
Is a property inspection recommended before purchase?
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.
How long does the purchase process take in Greece?
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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