ItalyAmalfi Coast
Casa del Mar Estate
$68M
A cliffside villa estate between Positano and Praiano, trading forty-two keys across terraced gardens with a private sea platform.
- Property type
- Beach Resort
- Keys
- 42 Keys
- Land area
- 9 Acres
Imerovigli, Greece
Asking Price
$41M
Keys
34
Land
4acres
Investment Overview
Price per key $1,205,882. Figures are illustrative and provided for this demonstration only.
Santorini Caldera House holds 180 metres of continuous caldera frontage at Imerovigli — the longest single-ownership run on the western cliff. Thirty-four suites are cut into the rock across nine levels, connected by stepped terraces and two inclined lifts.
The suites are traditional yposkafa — excavated cave dwellings — restored between 2015 and 2018 with the vaulted forms and lime plaster intact. Twenty-two have private plunge pools set into the terrace edge.
Because the frontage is continuous and singly owned, the property controls its own outlook completely. Nothing can be built in front of it and nothing overlooks it.
Held quietly off market. The vendor is a Greek shipping family that has owned the site for three generations and will consider only a discreet, fully funded approach.
The hotel achieves 94% occupancy across a 190-day season at an ADR above $1,600, with essentially no distribution cost — it does not list on any OTA and turns away roughly four enquiries for every one it accepts.
Santorini's building moratorium on new caldera-front hotel development means this frontage cannot be replicated. Value here is a function of scarcity rather than of trading upside, though season extension into April and October remains untested.
Location
Register Your Interest
The complete investment memorandum, trading history and tenure documentation are released to qualified buyers following a confirmation of funds and an executed non-disclosure agreement.
ItalyAmalfi Coast
$68M
A cliffside villa estate between Positano and Praiano, trading forty-two keys across terraced gardens with a private sea platform.
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