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Traditional stone property with panoramic sea views in Oitylo Bay

€430,000
  • 5 Bedrooms
  • 3 Bathrooms
  • ~236 m² Total surface
  • ~236 m² Living area
  • ~240 m² Plot surface

Description

A traditional stone-built property located in the picturesque bay of Oitylo represents a rare investment opportunity in one of Greece’s most authentic and rapidly emerging destinations. The timeless value of Mani’s architectural heritage, combined with the area’s growing tourism potential and exceptional natural beauty, makes this property an ideal choice for a prestigious, high-end investment. The property is situated within the settlement of Neo Oitylo, on the western beachfront side of Oitylo Bay, offering unobstructed panoramic views over the Messinian Gulf. It is a traditional stone-built residence that has been partially renovated with great respect for the local architectural style, preserving authentic features such as tiled roofs and traditional window openings. The property extends over two levels, with a total surface area of 236 sq.m., set on a 240 sq.m. plot with a garden. It consists of two adjoining two-storey buildings; one has direct access from the village’s main road, while the second is accessed via a small road leading through the garden and the covered outdoor area. Part of the ground floor features an independent apartment with direct access from the garden, including one bedroom and one bathroom. The interior layout can be further customized according to the buyer’s needs, offering flexibility in design and use. The remaining ground-floor area includes a living room with fireplace, kitchen, and WC. The first floor of both buildings includes a total of three bedrooms, one bathroom, a living room, and a kitchen. The spaces enjoy western orientation and are complemented by eastern and southern verandas, as well as a traditional covered “hayati” sitting area. Access is available both internally and through external staircases, creating ideal conditions for relaxation while enjoying breathtaking sunsets over the bay. The property requires additional renovation, offering excellent potential for customization and value enhancement according to the buyer’s vision. It uniquely combines historic character with modern development possibilities and can be utilized as a luxury traditional residence, boutique guesthouse, tourist suites complex, short-term rental investment, exclusive retreat, or holiday home. Its layout can also comfortably accommodate the needs of two families.
Features
BalconyBasementGardenSea/Lake viewTerraceWaterfrontFireplaceGreen viewMountain viewOpen view
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Engel & Völkers Greece Second Home MMC

Your advisor: Bessy Polyzogopoulou

Property ID: W-0493KA

Property details
  • Object type

    Detached house

  • Bedrooms

    5

  • Bathrooms

    3

  • Number of Floors

    2

  • Total surface

    ~236 m²

  • Living area

    ~236 m²

  • Plot surface

    ~240 m²

  • Flooring

    Tiles, Wooden floor

  • Building Restrictions

    None

Energy efficiency information
  • Construction year

    1930

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

  • Energy source

    Electric heating

Location: Neo Itilo, Peloponnese Region

Mani is a historic and striking region in southern Peloponnese, stretching between the Messenian and Laconian Gulfs. Set within a dramatic and authentic landscape of stone tower houses, traditional settlements, and crystal-clear waters, it uniquely combines rich cultural heritage with natural beauty. Accessibility: Mani enjoys good road connections via Kalamata and Sparta, located approximately 1.5 hours from Kalamata International Airport and around 3 hours from Athens, ensuring convenient access to major urban centers and seaside destinations across the Peloponnese. Investment Potential: Mani is experiencing growing interest from investors, particularly in the luxury residential and high-quality tourism sectors, as the authenticity of the landscape, limited construction, and strong demand for traditional stone properties create solid prospects for capital appreciation and long-term value.

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