Villa 290 м² in Protaras, Cyprus

1 577 992 $

5 441 $ /м²

4OVqu

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #1

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #2

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #3

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #4

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #5

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #6

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #7

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #8

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #9

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #10

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #11

Villa 290m² in Cyprus, Protaras. Priced at 1350000€ rent photo- #12

Area

290 м²

Bedrooms

Bathrooms

5 bedroom luxury villa for sale in Protaras, Famagusta area

Price reduction from €1,700,000!!! A superb property in an idyllic location with stunning panoramic sea views, located in the Ayios Elias area of Protaras. This property offers complete privacy and freedom, stylish design with a well thought out layout making it very practical for permanent living. There is also a small house attached to the main house, ideal for guests or a large family. Downstairs is a very spacious living-dining room with 8-foot glass doors leading to the pool. A modern remote controlled stainless steel fireplace takes center stage in this room, making it a great space for entertaining. The main kitchen with dining area, island and teppanyaki stove for informal dining is a great place to gather. There is also a family room, utility kitchen, powder room and a bedroom that is used as an office. Upstairs there are four spacious bedrooms with fitted closets and a family bathroom with built in shower and corner Jacuzzi bath. The master bedroom has a dressing room and walk-in closet area and an en-suite bathroom with bath and built-in shower. The guest bedroom also has an en-suite bathroom with a built-in shower. In addition, the house has a laundry room and a huge veranda. Features include: Energy efficient pool with 10 solar panels for 11x6 central heating with chlorinated overflow system and heated.

Additional details

Property type

Elite

Object type

Villa

Price

1 577 992 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Protaras; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Cyprus 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 Cyprus 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 Protaras 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 (1 577 992 $) 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 Protaras: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).