Unique three-level residence with private parking near Archelaou street
€850,000
4 Bedrooms
2 Bathrooms
~200 m² Total surface
~200 m² Living area
~40 m² Terrace surface
Construction year 1935
Description
Positioned in a highly desirable Central Athens neighborhood, this rare 200 sq.m. luxury maisonette presents an exceptional real estate investment that seamlessly combines sophisticated urban living with remarkable future potential. Arranged over three thoughtfully designed levels, the primary residence features a sunlit, open-plan living and dining area, a modern fully equipped kitchen, three well-appointed bedrooms, and a spacious family bathroom. Adding immense versatility to the property, the 70 sq.m. lower-ground level boasts independent street access, an en-suite guest accommodation, and a large utility space, making it perfectly suited for a private home office, gym, or multi-generational living. Secure private parking and an intimate upper-level terrace further elevate the property's downtown appeal, offering rare conveniences in the city center. What truly distinguishes this offering in the Athens luxury property market is the extraordinary remaining building allowance of approximately 120 sq.m. Subject to planning permissions, this unique asset allows for significant future expansion or structural reconfiguration, securing long-term capital appreciation. Whether envisioned as a premium family retreat or a strategic high-yield asset, this distinctive residence offers unparalleled flexibility and enduring value in the vibrant heart of the Greek capital.
The area of lower Pagrati surrounding Proskopon Square and the National Hellenic Research Foundation is a vibrant and highly sought-after neighbourhood in central Athens. Located within easy reach of elegant Kolonaki, it offers convenient access to a wide range of entertainment, cultural and leisure activities. The neighbourhood is characterised by its unique atmosphere, traditional streets, picturesque squares and rich culinary scene.
The property is just a five-minute walk from Syntagma Square and the National Garden, placing residents within easy reach of the city centre while retaining the charm and tranquillity of a residential neighbourhood.
Lower Pangrati, also known as “Vatrachonisi” or “Frog Island”, is an increasingly popular and creative area, known for its traditional cafés, lively bars and green spaces. It retains an authentic neighbourhood atmosphere while offering easy access to schools, supermarkets, galleries and cultural attractions, including the Goulandris Museum of Modern Art. Many of the area's landmarks and attractions, such as the Panathenaic Stadium (Kallimarmaro), are also within walking distance.
The area benefits from excellent public transport connections, with easy access to metro, tram and bus services connecting it to destinations throughout Athens. Athens International Airport is approximately 50 minutes away by public transport.
Investment Potential: The area surrounding Proskopon Square is considered one of the most desirable investment locations in central Athens. Its prime location, strong demand and proximity to major cultural, commercial and leisure destinations contribute to its attractive investment potential and long-term appeal.
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