Investment Property in Mykonos: Two Under-Construction Villas near Psarou

The structural framework is complete — the next step is your vision.

Investment Overview

This premier investment property in Mykonos near Psarou offers a practical, ready-to-develop project on the south side of the island. Providing a time-efficient entry into one of Greece’s most sought-after real estate markets, the asset features a completed concrete structural framework and a valid building permit. This allows for immediate continuation toward completion, bypassing the lengthy delays of new construction permits.

The asset is positioned as a long-term capital preservation opportunity suited to investors seeking exposure to resilient luxury-tourism markets with limited premium inventory.

Architectural Concept

Designed by an award-winning architectural studio, the project combines refined aesthetics with functional luxury. Upon completion, it will comprise 11 spacious en-suite bedrooms, generous indoor and outdoor living spaces, and a seamless integration with the island’s rugged natural landscape. A striking rock formation along the property’s edge serves as a sculptural natural element — a distinctive feature that highlights the authentic beauty of Mykonos.

Location & Lifestyle

Located in a quiet area near Platys Gialos and Psarou, this ready-to-develop investment project offers convenient access to the island’s cosmopolitan beaches while maintaining a sense of privacy and calm. This balance makes it ideal for private use or tourism-oriented development.

Property Highlights

🏗️ Completed concrete structural framework

🧾 Valid building permit – no new approval required

⏱️ Fast completion potential – ready to operate within months

🏠 Two villas / 11suites / 2 private pools / total 437 sq.m

🌅 Pleasant sea views and tranquil surroundings

📍 South Mykonos – close to Platys Gialos & Psarou

🔄 Flexible configuration: two villas, one large residence, or boutique hospitality complex

Layout & Design

Villa A – 205 sq.m. – Two levels:
Upper level with 4 en-suite bedrooms. Ground level with open-plan kitchen, WC, living area, 1 en-suite bedroom, veranda with private pool, and parking.

Villa B – 232 sq.m. – Two levels:
Upper level with 3 en-suite bedrooms. Ground level with open-plan kitchen, WC, living area, 2 en-suite bedrooms, veranda with private pool, and parking.
Includes an independent two-level guest house with 1 bedroom, bathroom, kitchen, living room, and private veranda — ideal for guests or staff.

Distances

• Nammos Village in Psarou – 2.5 km
• Mykonos Town (“Chora”) – 3.5 km
• Mykonos Airport – 2 km
• New Port & Marina in Tourlos – 6.5 km
• Nearest Beaches: Psarou  – 2.6 km | Platys Gialos – 2.8 km | Paraga – 3.5 km