Development Land with Existing Villa and Panoramic Views in Kanoni, Corfu Town

Chase Real Estate is pleased to present this exceptional development opportunity for sale in Kanoni, one of the most recognised and consistently sought-after locations in the immediate vicinity of Corfu Town, just minutes from the town centre and Corfu International Airport. Set on a 6,000 square metre plot in an elevated position with uninterrupted views across the airport runway, the Halikiopoulou Lagoon, the coastline and the surrounding landscape, the property currently includes a substantial 360 square metre villa and offers the potential for an additional 600 square metres of above-ground construction together with extensive basement areas, subject to planning approval, creating an estimated total internal development area of approximately 1,920 square metres. Offered at €1,100,000, this is one of the most compelling large-scale development opportunities currently available near Corfu Town.

The Site and Existing Villa

The 6,000 square metre plot occupies an elevated position in Kanoni that delivers one of the most immediately recognisable and photographed views anywhere in Greece, overlooking the airport runway, the lagoon, the sea and the surrounding natural landscape in a panorama that is as arresting in person as it is widely celebrated in imagery. The existing 360 square metre villa provides a substantial starting point for the development, offering the new owner the option of renovating and incorporating it as a luxury residence in its own right, or positioning it as the centrepiece and anchor of a wider development that takes full advantage of the scale and buildable potential of the overall site.

The property's development potential is considerable. Subject to the relevant planning approvals, an additional 600 square metres of above-ground construction is available, together with extensive basement construction potential, bringing the estimated total internal development area to approximately 1,920 square metres across the site as a whole. This scale of buildable area, combined with the exceptional location and the quality of the views, creates a development canvas that is genuinely rare in a market where plots of this nature and proximity to Corfu Town are both highly sought after and very rarely offered for sale.

The Proposed Development Concept

A preliminary development concept has been prepared envisaging six contemporary detached villas, each offering approximately 100 square metres of internal living space with private swimming pools, landscaped gardens, private parking and optional basement levels. This proposed configuration is designed to make the most of the site's elevated position and exceptional views whilst creating a high-quality residential development of a scale well suited to the premium end of the Corfu market. The existing villa could be renovated and repositioned as a luxury residence within the scheme or as its central and most prominent feature, adding further value and architectural character to the completed project. The site is equally suitable for an apartment development, providing the flexibility to adapt the project to different investment strategies and changing market conditions, an adaptability that adds meaningful resilience to the overall proposition.

The Location

Kanoni requires no introduction to those who know Corfu. Positioned just minutes from Corfu Town and Corfu International Airport, and home to one of the island's most iconic viewpoints, it is a location that combines genuine historical and scenic prestige with practical accessibility to the full range of urban and airport amenities. Restaurants, shops, marinas and the island's main services are all within easy reach, giving any future development the benefit of exceptional connectivity alongside one of the most instantly recognisable addresses in Corfu. Strong year-round tourism, increasing demand for premium accommodation and the enduring international appeal of the Kanoni location together create a market environment that supports both luxury residential development and high-end holiday rental investment with consistent and growing confidence.

Investment Potential

Preliminary development studies indicate a total project size of approximately 1,920 square metres, with estimated end values ranging between €11.5 million and €15.3 million depending on specification and prevailing market conditions, against an acquisition cost of €1,100,000 for a site that includes an existing substantial villa, exceptional views and significant above-ground and basement development potential. Combined with the prime location, the development flexibility, the outstanding views and the strong and sustained investment performance of the Kanoni and Corfu Town area, this property represents one of the most attractive and genuinely rare large-scale development opportunities currently available in the Corfu market, and it merits the most serious consideration from developers and investors of any scale and strategy.