STEP INTO ELEGANCE
Layout & Functional Flexibility
The residence is designed to operate either as two independent units or as a single connected home, providing versatility for both private use and rental optimization.
Each unit includes:
• One bedroom with natural light
• Independent living area
• Fully equipped kitchen
• Modern bathroom
• Private outdoor courtyard
• Separate entrance One of the residences is a traditional Santorini cave house, a rare and highly desirable typology known for thermal efficiency and strong appeal in the short-term rental market. The property was fully renovated in 2018, introducing modern electrical and plumbing systems while preserving authentic Cycladic architectural elements.
Lifestyle & Location
Situated in a quiet residential area of Karterados, the property offers proximity to Santorini’s main infrastructure while maintaining privacy. Nearby points of interest include:
• 1 km from Fira center
• 400 m from bus stop
• 500 m from shops and restaurants
• 3.8 km from Santorini Airport
• 8.1 km from Athinios Port
• Close proximity to hospital and services This positioning allows easy access to the island’s commercial core while remaining outside high-density tourist zones.
MODERN AMENITIES AND EFFORTLESS LUXURY
The renovation combined traditional craftsmanship with modern performance standards.
Key upgrades include:
• Energy-efficient wooden frames with insect screens
• Polished cement finishes in Cycladic style
• Updated electrical and plumbing installations
• Solar water heater
• Full furnishing and appliances
• Wheelchair accessibility
• Connection to public sewage network Investment & Fractional Appeal The property’s dual-residence configuration provides strong strategic flexibility, allowing owners to combine lifestyle use with income generation.
Key investment advantages:
• Rare cave-house component
• High-yield short-term rental potential
• Flexible use (single home or dual income units)
• Strong demand location within Santorini ιn a destination defined by scarcity and global demand, value is driven not only by size but by positioning within a tightly constrained real estate environment — making this property a compelling candidate for fractional ownership in a globally recognized luxury market.
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FAQs
For your better convenience, we’ve provided answers to the most frequently asked questions about our co-ownership services. If you have additional queries, please don’t hesitate to contact us.
OWNERS employs a flexible scheduling system that allows equitable distribution of high-demand periods. Owners can reserve stays ranging from 2 days to 24 months in advance, ensuring fair access throughout the year. Learn more.
You buy one or more shares in a Special Purpose Vehicle (SPV) that owns the property. Through this purchase, you become a shareholder of the company and, consequently, proportionally participate in the ownership of the property.
On average, homeowners typically stay at their property 8-9 times annually, depending on their individual travel preferences. Each 1/6 share grants 56 nights per year, allowing you to choose the dates that matter most to you. Your usage may vary from year to year based on your advance and short-notice bookings. Additionally, if there are nights you don’t plan to use, OWNERS handles the rental to third parties, giving you the opportunity to generate income from your unused time.
If a co-owner doesn't plan to use their allocated nights, OWNERS can manage the rental to third parties. This allows owners to generate income from their unused time, while ensuring the property is professionally managed and well-maintained.
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