Coastal Development Plot with Hotel and Residential Potential Near Kassiopi, North Corfu – €2,200,000

Price: €2,200,000 | Plot: Approx. 19,391m² | Approx. 133m from the Sea | Potential Approx. 1,000m² Hotel | Potential Division into 4 Plots | Potential for 4 Private Houses | Extensive Road Frontage | Approx. 19,011m² Outside Forestry Protection

Chase Real Estate Corfu is pleased to present this substantial coastal development plot in the Mylokefalo-Botana area near Kassiopi, North Corfu. Extending to approximately 19,391m² and positioned only around 133 metres from the sea, the property offers significant potential for either hospitality or residential development in one of North Corfu's established coastal locations.

Offered at €2,200,000, the land provides two principal potential development routes: an approximately 1,000m² hotel project or the possible division of the property into four individual plots for the construction of four separate private houses. All development options remain subject to current planning regulations and final technical, legal and regulatory confirmation.

The Plot

The property extends to approximately 19,391m² and occupies a substantial position close to the coastline.

Its size and extensive road frontage provide considerable flexibility when considering the future layout and access requirements of a development.

The land also benefits from attractive elevations with potential sea views, providing an appealing setting for either a hospitality project or a collection of private residences.

Hotel Development Potential

According to the information available, the property offers potential for the development of a hotel measuring approximately 1,000m², subject to final planning approval.

The scale of the land provides significant surrounding space for a future hospitality concept, potentially allowing for guest accommodation, landscaped gardens, swimming facilities, parking and supporting amenities depending on the final design and permissions.

Its position approximately 133 metres from the sea and close to Kassiopi makes the site particularly interesting for a coastal hospitality development.

Residential Development Potential

Alternatively, the property can potentially be divided into four individual plots, with sufficient road frontage to support access for four separate private houses.

This provides a different development strategy for a purchaser looking to create a collection of independent residences rather than a single hospitality project.

The individual properties could potentially be designed to take advantage of the site's elevations and sea views while retaining their own private grounds and access.

Any proposed subdivision, individual building allowances, access arrangements and residential construction should be independently confirmed by the purchaser's appointed engineer and legal advisers.

Forestry Classification

Approximately 19,011m² of the property is understood to fall outside forestry protection.

A comparatively small section of approximately 379.83m² carries a DA forest-map classification.

A topographical survey completed in October 2023 identifies the property as legally compliant and buildable under the regulations applicable at that time.

As planning and development regulations can change, the property's current building rights, forestry status, subdivision potential and permitted construction should be reconfirmed with the appropriate engineers, legal advisers and authorities before purchase.

Proximity to the Sea

A particularly important feature of the property is its proximity to the coastline, with the land situated approximately 133 metres from the sea.

This creates an opportunity to develop a substantial project within very close reach of the North Corfu coastline while retaining the privacy and flexibility provided by almost 19,400m² of land.

The property's elevations also provide potential for sea views from a future development, depending on the final positioning and architectural design.

The Location

The property is situated in the Mylokefalo-Botana area near Kassiopi in North Corfu.

Kassiopi is one of the best-established destinations in northern Corfu, providing restaurants, cafés, shops, supermarkets, harbour facilities and everyday amenities.

The surrounding coastline is particularly well known for its beaches, bays and private villas, making the wider area suitable for both residential and hospitality development.

Development and Investment Potential

Offered through Chase Real Estate Corfu at €2,200,000, this approximately 19,391m² landholding provides considerable flexibility for an investor or developer seeking a substantial coastal project.

The potential for an approximately 1,000m² hotel provides one development route, while the possible subdivision into four individual plots creates an alternative strategy centred around private residential villas.

With approximately 133 metres separating the property from the sea, extensive road frontage and almost the entire landholding understood to sit outside forestry protection, the site presents a significant development opportunity near Kassiopi, subject to final planning and technical confirmation.

Key Features

This coastal development plot near Kassiopi is offered at €2,200,000 and extends to approximately 19,391m² in the Mylokefalo-Botana area, approximately 133 metres from the sea. The property offers potential for an approximately 1,000m² hotel development or, alternatively, potential division into four individual plots with sufficient road frontage for four separate private houses, subject to the necessary approvals. Approximately 19,011m² of the land is understood to fall outside forestry protection, while approximately 379.83m² carries a DA forest-map classification. A topographical survey completed in October 2023 identified the property as legally compliant and buildable under the regulations applicable at that time. The site's substantial scale, coastal proximity, extensive road frontage and potential sea views create significant possibilities for either hospitality or residential development, with all current building rights and planning parameters to be independently confirmed before purchase.