Historic mansion for restoration with approved development potential in Nafplio

Located in the heart of Psaromachalas, the most authentic and prestigious neighborhood of Nafplio's Old Town, this exceptional listed building represents a unique opportunity to acquire one of the area's most historically significant properties.

The property extends over a total area of 240 sq.m., arranged across four levels (basement, ground floor, first floor, and attic), and is complemented by a private courtyard of 60 sq.m. and a spacious 40 sq.m. rooftop terrace.

The balconies and rooftop terrace enjoy breathtaking, uninterrupted panoramic views of Nafplio's historic center, the iconic Bourtzi fortress, the imposing Palamidi Castle, and the Argolic Gulf—an exceptionally rare privilege found in only a handful of properties within the Old Town.

An outstanding example of Nafplio's early urban architecture, the building preserves a wealth of authentic architectural features, including exposed stone masonry, relieving arches, a curved roof cornice, traditional wooden louvered shutters, and balconies supported by original timber brackets. The property's original construction is believed to predate 1830, making it one of the oldest and most historically important buildings in the area.

Although the building requires complete restoration, its investment appeal is significantly enhanced by the fact that all necessary approvals from the competent authorities have already been secured. In addition, a change of use from private residence to Boutique Hotel has been fully approved, allowing the immediate issuance of a building permit and the commencement of restoration works. This substantially reduces administrative procedures, project timelines, and overall investment risk.

The property offers an outstanding opportunity for the development of a luxury boutique hotel or an exceptional private residence, combining the authenticity of historic architecture with contemporary luxury standards.

Properties of this historical importance, offering such a prime location, spectacular views, and fully approved development potential, rarely become available on the market.

A truly unique investment opportunity for discerning investors and admirers of historic architecture seeking a landmark property in one of the Mediterranean's most distinguished destinations.