Massive Traditional Stone Property for Renovation – Margarites, Crete

While it is currently inhabited and fully functional, it requires a complete, top-to-bottom renovation—presenting an excellent base for investors, developers or anyone looking for a grand, personalized restoration project.

Key Structural Specifications:

Total Land Plot: 151,64 sqm

Main Building (Building 1): A massive 201,94 sqm structural footprint distributed over two generous levels.- 1st Level: 110,70 sqm- 2nd Level: 91,24 sqm

Independent Facilities: Building 2 (2 sqm) storage room and

Building 3 (4,94 sqm, currently housing the bathroom layout).

Outdoor Spaces: Features a cozy front garden plot and spacious outdoor covered verandas.

Dual-Street Access: The property benefits from highly practical entrance points from two separate village roads, allowing for total independence between sections if desired.

Interior Character & Highlights:
Interior reveals an uncompromised structural scale of the property. The upper living spaces offers exceptionally high ceilings featuring stunning, authentic exposed wooden beams and a traditional wood plank roof structure that will look magnificent once restored.

The main living area also retains a classic corner fireplace, preserving the true, cozy spirit of traditional Cretan architecture. Multiple large doors and windows open directly onto the verandas, ensuring the spaces are flooded with natural light.

Exceptional Investment & Business Potential:
Due to its expansive interior square footage, tall ceilings and dual-street layout, the property offers versatile conversion possibilities:

Two Independent Apartments/Houses: The layout perfectly allows for the creation of two separate, self-contained units (one on each level) to maximize holiday rental income.

A Live-and-Earn Setup: Live comfortably on the upper floor while converting the ground floor into a commercial business, boutique holiday rental or an artisan workshop/shop capitalizing on the village's active tourist foot traffic.

A Grand Private Retreat: A sprawling single-family residence for those who appreciate authentic village life without compromising on living space.

Location & Distances
Perama Town with all major amenities, medical center, shops etc is in 7 km, Sea & Sandy Beaches (Panormos / Skaleta coastal zones) in 13 km and Rethymno City Center & Port in 25 km.