Lasithi Prefecture

Community of Elounta | Agios Nikolaos Municipal Unit

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Grekodom Development

Presented At

€640,000

Lasithi Prefecture, Community of Elounta, Agios Nikolaos Municipal Unit, Greece. - Photo 1

Lasithi Prefecture, Community of Elounta, Agios Nikolaos Municipal Unit, Greece. - Photo 2

Lasithi Prefecture, Community of Elounta, Agios Nikolaos Municipal Unit, Greece. - Photo 3

Lasithi Prefecture

Community of Elounta | Agios Nikolaos Municipal Unit

Lasithi Prefecture, Community of Elounta, Agios Nikolaos Municipal Unit, Greece. , Community of Elounta , Agios Nikolaos Municipal Unit

Land 8608 sqm in Crete, Greece

For sale fenced land of 8608 square meters in Crete. It is outside the city plan. The territory has: water supply, electricity supply. The plot qualifies for a construction permission. Building permission for 258 square meters. The land has a wonderfull sea view, mountain view.

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Property Location

Lasithi Prefecture, Community of Elounta, Agios Nikolaos Municipal Unit, Greece., Community of Elounta Agios Nikolaos Municipal Unit

Local Weather & Climate

Community of Elounta, Agios Nikolaos Municipal Unit

Current Conditions Updated recently

48 °F

Clear sky

Feels Like 45°F

Humidity 67%

Wind 7 mph

Visibility 6.2 mi

Sunrise 5:14 AM

Sunset 3:47 PM

5-Day Forecast

Wed 4 Feb

Clouds

High 55°

Low 48°

Thu 5 Feb

Clouds

High 57°

Low 50°

Fri 6 Feb

Clear

High 59°

Low 50°

Sat 7 Feb

Clouds

High 63°

Low 54°

Sun 8 Feb

Clouds

High 63°

Low 52°

Annual Climate Based on last 12 months

61° Avg Low

Jan

70° Avg High

Jul

125 Rainy Days

per year

Arid

Semi-Arid

Moderate

Wet

25.3" Annual Rainfall

Semi-Arid climate

Monthly Temperatures

Jan

61°

51°

Feb

62°

52°

Mar

59°

51°

Apr

64°

55°

May

70°

61°

Jun

79°

70°

Jul

85°

75°

Aug

84°

75°

Sep

78°

70°

Oct

72°

63°

Nov

70°

59°

Dec

61°

54°

Data from OpenWeatherMap & Open-Meteo

Walkability & Transit Scores

How easy is it to get around Community of Elounta?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

€

Down Payment

€100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for Eurozone. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on Eurozone tax year 2025 (fiscal year: January-December). Tax laws change frequently and may have been amended since this data was compiled.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$640,000

Lasithi Prefecture, Community of Elounta, Agios Nikolaos Municipal Unit, Greece.

Community of Elounta, Agios Nikolaos Municipal Unit

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Market Opinion

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Our perspective on current market conditions in Community of Elounta. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis

International luxury real estate typically appreciates steadily over time.

Buyer Score

Estimated regional appreciation: 4% annually

Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $64,000,000 20% down ($12,800,000)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$5,500/day

Your home may appreciate while you sleep

$38,602/week $167,277/mo $2,007,319/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$281K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 8% advantage over stocks

-$35.2M

+$50.0M

$50.0M Potential Equity

vs $35.2M lost to rent over 10 years

$12.8M Down Payment Growth

3.9x

10yr

$50.0M

8.1x

20yr

$103.4M

12.6x

30yr

$161.6M

Wealth Comparison

×385

Equivalent to 385 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $161.6M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

22.4

years

Market-Based

3.14% effective/yr

15.3

years

Optimistic

4.62% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $75.4M +18%

Market $87.2M +36%

Optimistic $100.6M +57%

$50.0M est. equity

20 Years

Conservative $88.8M +39%

Market $118.7M +85%

Optimistic $158.1M +147%

$103.4M est. equity

30 Years

Conservative $104.5M +63%

Market $161.6M +153%

Optimistic $248.4M +288%

$161.6M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

What is the listing price for Lasithi Prefecture, Community of Elounta, Agios Nikolaos Municipal Unit, Greece?

This property is listed at $64,000,000.

Is now a good time to buy a home in Community of Elounta?

Based on current market indicators, Community of Elounta shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What is the climate like in Community of Elounta?

Community of Elounta features a pleasant climate. Average temperatures range from 61°F in winter to 70°F in summer. The area receives approximately 25.3 inches of precipitation annually. There are about 125 days with rain throughout the year. This climate information can help you plan for seasonal activities and energy costs.

What are the best months to visit or move to Community of Elounta?

Community of Elounta tends to be warmest in Jul and coldest in Jan. The shoulder seasons of spring and fall often offer the most comfortable weather for moving and outdoor activities.

What type of property is Lasithi Prefecture, Community of Elounta, Agios Nikolaos Municipal Unit, Greece?

This is a land parcel located in Community of Elounta, Agios Nikolaos Municipal Unit. The property is situated in an established neighborhood with convenient access to local amenities and services.