Elounda Hills

Elounda Hills is an extraordinary, off-plan, 5* sustainable residential development, perfectly located on the northeast coast near Agios Nikolaos with views over the beautiful Mirabello Bay in Crete, Greece’s largest island. It will be the first luxury resort in Crete to offer branded residences for sale, comprising a mix of apartments, duplexes and villas, all managed by 1 Hotels.

Scheduled to open in 2026, the properties will incorporate a spectacular 5* hotel by 1 Hotels, Camper & Nicholsons marina, marina village with hotel and yacht club, Bamford Wellness Spa, restaurants and bars, sandy beaches, beach clubs, seafront promenade, and numerous sporting and leisure amenities.

INTERESTED IN ELOUNDA HILLS RESIDENCES

Location:

The birthplace of the Minoan civilisation, Crete laid the foundations of Ancient Greek and European culture. The island is blessed with a remarkable 1,000-kilometre coastline that is bathed in 300 days of annual sunshine, attracting visitors throughout the year.

Elounda is the island’s destination of choice for today’s sophisticated travellers and is home to the island’s top hotels, restaurants, boutiques – and the most luxurious private residences.

Carved into Crete’s historic landscape, meaning it is destined to rank among the Mediterranean’s most prestigious resorts. The eye-catching architecture embraces the natural curvature of the hillside and provides panoramic views over Mirabello Bay and the Aegean Sea. It is created around leading-edge design, and technological and environmental innovation, blending luxury living into a sustainable 21st-century lifestyle.

Crete’s highly developed infrastructure, excellent international transport links, untouched natural environment, and one of the most temperate climates in Europe, makes the perfect destination in which to own your Mediterranean home.

The Residences:

The properties offers a collection of modern apartments, duplexes, and villas in a variety of sizes and styles, created by award-winning architects and interior designers. These meticulously designed homes cater for a broad range of individual tastes and lifestyles to ensure the very best of contemporary Mediterranean island living, blending authentic Cretan style with state-of-the-art biophilic design – and all offer spectacular panoramic views of the Aegean Sea.

Each residence benefits from a large private terrace giving uninterrupted Mediterranean views, while many also feature landscaped gardens and swimming pools, as well as dedicated parking, including charging stations for electric vehicles.

Full-height windows optimise the spectacular Aegean panoramas and the ever-changing scenery. The finest materials and fittings adorn the apartments, all installed with artistry and craftsmanship. Textured stone and rich woods feature throughout, whilst high ceilings and large windows bathe the expansive, well-appointed interiors in natural light.

LAUNCH PHASE OPTIONS:

The Marina Collection – Idyllically located near the promenade overlooking the marina and hotel beach club.

Current availability: 2 and 3-bedroom branded apartments with light and beautifully appointed interiors offer spacious, open living spaces ranging from 141 to 236 sqm.

Each apartment benefits from a balcony (43 to 99 sqm) as well as private parking for up to two vehicles. Shared pool or private plunge pool depending on unit.

Hill Top Apartments – situated at the pinnacle of Elounda Hills resort, providing commanding views over Mirabello Bay.

Current availability: spacious 1 and 2-bedroom branded apartments and duplexes. The distinctive layered architecture blends seamlessly into the hillside. With exquisitely designed interiors, the generous accommodation (82 to 157 sqm) is enhanced by floor-to-ceiling windows to maximise the light and spectacular views.

Each residence benefits from a sizable balcony (15 to 67 sqm), and larger units come with a private swimming pool. Parking is also available.

Terrace Villas – perched in an elevated position, below the hotel, the Terrace Villas offer commanding panoramic sea views.

Current availability: a limited collection of 2 and 3-bedroom duplex villas, these spacious contemporary homes are designed for maximum comfort and privacy to residents. The beautifully appointed and immaculately finished interiors provide generous accommodation ranging from 261 to 318 sqm, with bright and luxurious rooms enhanced by floor-to-ceiling windows that maximise the light and uninterrupted views over Mirabello Bay.

Each of these branded residences benefits from private parking, a landscaped garden, large terrace (145 to 163 sqm), and swimming pool. Plot sizes range between 502 and 681 sqm.

Mirabello Villas – situated at the heart of the Elounda Hills and providing spectacular uninterrupted views over Mirabello Bay.

Current availability: an attractive mix of spacious 3 and 4-bedroom villas, the Mirabello Villas are exquisitely designed to maximise the living experience and provide the finest contemporary indoor/outdoor living. Available in different styles created by three world-renowned architectural firms (Elastic, D73 and Makridis Associates), the generous accommodation, ranging from 270 to 330 sqm, is enhanced by floor-to-ceiling windows to maximise the light and views.

Each residence benefits sits on a large plot (1,210 to 1,450 sqm) and incorporates a spacious terrace with large swimming pool (exact sizes TBC), landscaped garden, and private parking.

COMING SOON:

Waterfront Villas – situated in a prime frontline position on large plots (up to 3,200 m2), these magnificent 5-, 7- and 8-bedroom villas provide exceptional private living spaces that offer spectacular uninterrupted views across Mirabello Bay.

Setting a new standard for luxury living on the island, each Waterfront Villa is individually designed by Makridis Associates to create its own unique character, further enhanced by the beautiful bespoke interiors created exclusively.

With expansive interiors ranging from 555 to 907 sqm, each of these extraordinary homes benefit from large terraces, infinity swimming pool, beautifully landscaped gardens, and private parking. Separate staff accommodation is also provided.

All properties mentioned will be managed by 1 Hotels & Homes. Note: prices exclude furniture.

INTERESTED IN ELOUNDA HILLS RESIDENCES

HOMEOWNER BENEFITS

• Guaranteed yield of 4% pa for the first 3 years
• Complimentary property management services for the first year
• 24% VAT payable on new-build homes in Greece suspended until the end of 2024
• Complimentary in-resort transport in state-of-the-art electric vehicles
• Discount on furniture pack – choose from 3 stunning interior styles
• Residents’ loyalty card with discounts on selected in-resort services and dining
• Mortgage assistance through the developer’s partner banks
• Developer ‘in-house’ finance available, subject to approval
• Privileged benefits at 1 Hotels across the world
• Bespoke inspection trip packages available
• All buyers are eligible for the Greek Golden Visa. Please ask for details 

BUYER BENEFITS:

The residences allows you to invest in a property in the coastal area of Greece and apply for a Golden Visa.

The Greece Golden Visa Program is a residence by investment program that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. Qualifying for the program requires an investment in real estate with a minimum value of €250,000, plus applicable taxes.

It allows owners and investors to reside in Greece, study, and travel freely within the Schengen Area which includes 26 European countries; after 5 years you will be eligible to apply for permanent residency.

The residence permits may be renewed every five years.

INVESTMENT ADVANTAGES:

The residences allows you to invest in a property in the coastal area of Greece and apply for a Golden Visa.

Minimising financial risk and maximising your comfort is a priority at Elounda Hills. So if you decide to take advantage of the managed rental programme, you are guaranteed a steadfast ROI of 4% for the first three years of your ownership.

Should you desire/require finance, the developer’s partner bank is available to handle your mortgage for you from start to finish.

In addition, the developer is currently offering a year of complimentary property management services.

All buyers enjoy an exclusive loyalty card. This entitles you to a 15% discount on selected services in-resort and abroad, such as such as owner privileges across all 1 Hotels globally, pre-arrival kitchen, in-home botanical care and many more.

The first fifteen buyers and all super villa owners will receive a complimentary state-of-the-art electric car.

1 Hotels (part of SH Hotels & Resorts) run exclusive luxury hotels all over the world, and investing with us entitles you to 25% off at a number of their locations, ensuring comfort at all times and all places.

Please enquire to learn more about options available to you or to arrange a bespoke inspection trip.

INTERESTED IN ELOUNDA HILLS RESIDENCES