Description

Plot with Development Study in Palaio Faliro for sale. Nestled in one of Athens’ most desirable seaside suburbs, just 400 meters from the shimmering Aegean coastline, this premium 600 sq.m. corner plot in Palaio Faliro presents a rare and highly lucrative development opportunity. With a building coefficient of 1.36, it offers a total buildable area of 820 sq.m., fully supported by a detailed architectural study for the construction of a luxurious residential apartment building of 8 to 10 units. The proposed design caters to affluent buyers seeking modern, energy-efficient residences in a prime coastal location with immediate proximity to the city center. The envisioned development includes 8 to 10 spacious apartments, with flexible configurations to accommodate 1 to 3 bedrooms and 1 to 2 bathrooms per unit, all designed to meet the highest contemporary standards. Interiors are tailored for premium urban living, featuring open-plan living and dining areas, high-performance aluminum frames, underfloor heating, smart home automation, and full compliance with Energy Class A+ specifications. Each apartment is designed to offer abundant natural light and access to balconies or private outdoor spaces, creating an environment of elegance and comfort. Externally, the building will rest on a 600 sq.m. level plot with generous frontage of 25m x 40m, ensuring optimal sunlight exposure and architectural presence. The development allows for ground-level or basement parking options to maximize convenience and functionality. With access from a main asphalt road and favorable terrain, the project offers logistical ease during construction and long-term value for end users. Strategically located in Palaio Faliro—a coastal suburb that effortlessly combines lifestyle, connectivity, and investment appeal—this location is one of the most in-demand in the Athens Riviera. Residents benefit from immediate access to beaches, marinas, seafront promenades, high-end restaurants, cafes, and premium retail outlets. Furthermore, its proximity to the Flisvos Marina, Stavros Niarchos Cultural Center, and major highways ensures seamless access to the historic city center, the port of Piraeus, and the Athens International Airport. This blend of relaxed coastal living and cosmopolitan access makes Palaio Faliro an ideal choice for both permanent residents and discerning investors. From an investment perspective, the project is backed by a clear and calculated financial plan. he total investment is estimated at €2,494,000, broken down into €900,000 for land acquisition, €1,394,000 for construction (at €1,700/sq.m.), €70,000 for architectural plans and permits, and €130,000 in contingency reserves. With projected revenues reaching €4,756,000, the development is expected to yield a net profit of €2,262,000, delivering a remarkable ROI of approximately 91%. In a city where premium locations are scarce and lifestyle demand keeps rising, this plot offers not just land—but the foundation for a vision. Seize the chance to shape the future of luxury living in Palaio Faliro. Plot with Development Study in Palaio Faliro for sale. Location Information: An urban resort with a hint of the Orient, this waterfront suburb offers a scenic escape. Moreover, it features a ritzy marina, a seaside park, and Turkish-influenced cuisine. Originally, Faliro was a seaside village of fishermen, shepherds, and farmers. However, Posidonos Avenue now separates it from the sea. During the 1960s, a building boom transformed the area. As a result, its inner streets now crowd with apartment blocks. Along the palm-lined promenade, play parks and an outdoor cinema thrive. Additionally, a luxe marina creates a year-round resort vibe. For the 2004 Olympics, authorities revived this coastal suburb. Consequently, it now leans heavily toward leisure activities. Unlike gritty Exarchia or cultured Kolonaki, Palio Faliro lacks strong character. Nevertheless, its prime location makes up for it. Not only is it the gateway to the Athens Riviera, but it also connects easily to Piraeus. Furthermore, the city center remains within quick reach. Around Flisvos Marina, restaurants and cafes attract visitors. Meanwhile, the beach and promenade provide a quick escape from urban life. In 2016, the Stavros Niarchos Foundation Cultural Centre opened nearby. Therefore, it helped connect the dots and revitalize the area. You may visit https://greek-golden-visa.com/ for details on the application process and benefits of obtaining the Greek Golden Visa.

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