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Santorini Caldera House, Imerovigli, Greece
Off Market

Imerovigli, Greece

Santorini Caldera House

Asking Price

$41M

Keys

34

Land

4acres

Investment Overview

Investment overview

Asking Price
$0M
Keys
0
Land Area
0 acres
Occupancy
0%
Annual Revenue
$0.0M
EBITDA
$0.0M
Established
2018
Property Type
Boutique Resort

Price per key $1,205,882. Figures are illustrative and provided for this demonstration only.

Santorini Caldera House — image 1 of 6
01 / 06

The Property

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.

The Opportunity

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.

Property Highlights

  • 180m of continuous caldera frontage
  • Longest single-ownership cliff run at Imerovigli
  • 34 restored yposkafa cave suites
  • 22 suites with private plunge pools
  • 94% occupancy, no OTA distribution
  • Protected outlook — nothing can be built in front
  • Two inclined lifts across nine levels
  • Caldera-front development moratorium in force
  • Held by one family for three generations

Location

Imerovigli, Greece

Latitude
36.43° N
Longitude
25.42° E
Region
Mediterranean
Country
Greece

Register Your Interest

Request the full particulars for Santorini Caldera House.

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.

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