6,000 m² Development Land with Existing Villa in Corfu Town in Kanoni

Located in the sought-after area of Kanoni, just minutes from Corfu Town and Corfu International Airport, this 6,000 m² property presents an outstanding opportunity for developers and investors. Overlooking the airport runway, lagoon, coastline, and surrounding landscape, the elevated position offers uninterrupted views while remaining close to restaurants, shops, marinas, and the island's main services.

The property currently includes a substantial 360 m² villa and offers the potential for an additional 600 m² of above-ground construction, together with extensive basement areas, subject to planning approval. This creates an estimated total internal development area of approximately 1,920 m², providing the flexibility to create a high-quality residential project in one of Corfu's strongest investment locations.

A proposed development concept has been prepared for six contemporary detached villas, each offering approximately 100 m² of internal living space with private swimming pools, landscaped gardens, private parking, and optional basement levels. The existing villa could be renovated into a luxury residence or incorporated as the central feature of the development, adding further value and character to the project. Alternatively, the site is also suitable for an apartment development, allowing flexibility to suit different investment strategies and market demand.

With strong year-round tourism, increasing demand for premium accommodation, and one of the island's most recognisable locations, the property offers excellent long-term investment potential. Preliminary development studies indicate a total project size of approximately 1,920 m², with estimated end values ranging between €11.5 million and €15.3 million depending on specification and market conditions. Combined with its prime location, development flexibility, and outstanding views, this represents one of the most attractive large-scale development opportunities currently available near Corfu Town.

Key Features

• Asking Price: €1,100,000
• Approx. 6,000 m² plot
• Existing 360 m² villa
• Potential for an additional 600 m² of above-ground construction (subject to planning)
• Additional basement construction potential
• Approximate total internal development potential: 1,920 m²
• Proposed concept for 6 detached luxury villas
• Private swimming pools, landscaped gardens, and parking included in the proposed concept
• Airport runway, lagoon, coastline, and sunset views
• Minutes from Corfu Town and Corfu International Airport
• Flexible development potential for luxury villas or apartments (subject to planning)
• Strong investment, resale, and premium rental potential