Residential Complex with Development Potential Near Gaios, Paxos

Chase Real Estate is pleased to present this residential complex with significant development potential for sale in Mpogdanatika, a well-positioned area of Paxos just one kilometre from the island's principal town of Gaios. Set on a 940 square metre plot with three separate residential structures, a storage building, full utility connections, a private well and all legal documentation in order, and offered either as a standalone plot acquisition at €350,000 or as a combined purchase including the adjacent building at €800,000, this is a versatile and genuinely compelling opportunity in one of the most sought-after island destinations in the Ionian.

The Property

The plot of 940 square metres accommodates three separate structures of varying scale alongside a dedicated storage building, creating a residential complex that offers an unusually broad range of layout and usage possibilities within its existing configuration. The principal house extends to 120 square metres and forms the natural centrepiece of the plot, accompanied by two smaller houses of 25 square metres and 20 square metres respectively, each constituting an independent unit capable of serving as guest accommodation, staff quarters or rental accommodation in its own right. A further 35 square metre storage building completes the existing built inventory on the plot, bringing the total existing built area across all structures to 200 square metres.

Water and electricity connections are already in place, and the presence of a private well provides an independent water source of genuine practical value on an island where water supply is a consideration that experienced Paxos purchasers take seriously. All legal documentation is confirmed to be in order, removing the uncertainty and delay that incomplete paperwork so frequently introduces into island property transactions.

The Adjacent Building and Development Potential

Immediately alongside the main plot stands an existing building of 220 square metres, the acquisition of which is available as part of a combined purchase. The planning status of this adjacent structure permits the addition of a second floor of up to 200 square metres, bringing its total potential built area to 420 square metres and creating a development opportunity of considerable scale for a property in this location on Paxos. For purchasers with development ambitions, the combined acquisition at €800,000 offers a total footprint and expansion capability that is rarely available in this part of the island.

The Location

Mpogdanatika is positioned one kilometre from Gaios, placing the property within effortless reach of the harbour town's restaurants, shops, services and the practical amenities of daily island life. Avlaki Beach is equally one kilometre distant, with Giannas and Plakes beaches also close by, offering the easy and spontaneous access to the sea that is among the most valued qualities of any Paxos property. A petrol station is approximately 800 metres away, a small but telling detail that speaks to the practical convenience of this particular position on an island where such facilities are neither numerous nor evenly distributed.

Investment Potential

A residential complex of three independent structures on a 940 square metre plot with full utilities, a private well, clean legal documentation and immediate proximity to Gaios and Avlaki Beach, available at €350,000 for the plot alone or at €800,000 as a combined acquisition including the adjacent building with its substantial expansion permissions, represents an opportunity of genuine breadth and flexibility in a Paxos market where properties of this scale, configuration and development potential are both highly sought after and very rarely available. Whether the intention is immediate residential use, phased development, or a longer-term investment in one of the Ionian's most enduringly desirable island destinations, this complex in Mpogdanatika merits serious and prompt consideration.